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Neurocare Raises €19.3M to Advance Mental Health Care Globally

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Neurocare Raises €19.3M to Advance Mental Health Care Globally
image credit: Neurocare

Neurocare Group, a Munich-based provider of innovative mental health solutions, has successfully raised €19.3 million in funding. This significant investment is likely to strengthen the company’s technological capabilities and expand its international network of mental health clinics. 

The funding round was led by Impact Expansion and TVM Capital Healthcare, both renowned for their focus on advancing healthcare innovations. Their investment in neurocare underscores a shared commitment to improving mental health care through cutting-edge technology and personalized treatment approaches.

Founded in Munich, Germany, neurocare Group has established itself as a pioneer in the mental health arena. The company offers a comprehensive platform that empowers clinicians to provide personalized treatments for a range of psychological and neurological conditions. 

By integrating innovative methods and tools—such as sleep hygiene protocols, repetitive Transcranial Magnetic Stimulation (rTMS), Quantitative Electroencephalography (QEEG), and neurofeedback—with traditional approaches like talk therapy and pharmacology, neurocare delivers holistic and effective care solutions.

Read also: Little Otter Raises $9.5M to Transform Family Mental Health

Utilization of Funds

The newly secured funds are earmarked for several strategic initiatives:

  • Technological Advancements: neurocare plans to further develop its cloud-based platform, enhancing its capabilities to drive productivity and improve clinical outcomes.
  • International Expansion: The company aims to broaden its global footprint by establishing additional mental health clinics, thereby making its personalized treatment services more accessible to a wider patient population.

Read also: uHoo Secures $3.7M to Advance Indoor Environmental Quality Solutions

Innovative Treatment Modalities

neurocare’s approach to mental health care is distinguished by its integration of advanced technologies with established therapeutic practices. For instance, the use of rTMS—a non-invasive procedure that uses magnetic fields to stimulate nerve cells in the brain—has been shown to be effective in treating depression. 

Similarly, in the realms of QEEG and neurofeedback, monitoring and modulating brain activities are possible with promising avenues toward alleviating ADHD and other mental performance enhancement cases.

At the core of neurocare’s mission is a dedication to personalized patient care. Following a comprehensive assessment of an individual’s condition, the platform supports clinicians in developing tailored therapy plans. These plans are scientifically validated to deliver superior clinical outcomes for various indications, including depression, ADHD, and other mental health challenges.

With this significant infusion of capital, neurocare Group is well-positioned to advance its mission of revolutionizing mental health care. By leveraging technology to provide personalized, effective, and accessible treatment options, the company is set to make a meaningful impact on the lives of individuals grappling with mental health conditions worldwide.

With a continuously increasing demand for mental health services across the globe, neurocare stands out with its innovative platform and personalized care commitment to take the lead in next-generation mental health solutions.

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