Melbourne brothers build a $77m business from hypnotherapy apps

Alex and Chris Naoumidis have raised $17.8 million after signing up 31,000 paid users for Mindset Health’s hypnotherapy apps.

Founded by brothers Alex and Chris Naoumidis in 2018

“Especially in IBS and smoking, there is a push and a pull from the market actually looking for products like this.” Mr Naoumidis said Nerva had grown as doctors, dieticians, and gastroenterologists, recommended the app to patients and Mindset Health has established its brand by presenting its research at two of the largest gastroenterology conferences in the US last year.$US5 million in 2021, and said the fresh funds will be used to expand its team of 27 and to launch new apps for conditions including anxiety and depression, sleep, and chronic pain.

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