Self Space Secures €2.6 Million in Funding to Expand On-Demand Therapy Services Across the UK
Self Space, a London-based mental health service, has announced the successful closure of €2.6 million in seed funding. This investment, led by Redrice Ventures, a purpose-driven venture capital firm, will enable Self Space to address the growing demand for mental health support by expanding its offering of same-day therapy services on every high street in the UK.
With the increasing demand for mental health services, finding available appointments has become increasingly challenging, leading to lengthy waits and many hours spent in A&E waiting rooms. Self Space aims to proactively address this issue by inviting individuals to engage in therapy whenever they need it. The company plans to open two new high street locations and hire an additional 75 therapists, psychotherapists, and counselors to support the expansion. Furthermore, Self Space will continue to provide virtual therapy sessions seven days a week while developing a tech-led psychoeducation platform to promote mental health in workplaces.
Jodie Cariss, the Founder and CEO of Self Space, expressed her mission to provide accessible and flexible therapy services with same-day availability and no waitlists. With 1.2 million people currently on waiting lists for mental health care in the NHS, Self Space aims to address this pressing issue. The recent investment will contribute to their ongoing expansion efforts and bring them closer to achieving their mission.
Since its launch in 2019, Self Space has facilitated over 60,700 therapy sessions across its four existing locations. In September 2021, Self Space opened its largest site in Soho, London, which will provide an additional 17,000 therapy sessions annually. With the new funding, the company plans to offer an additional 34,000 therapy sessions in 2024 alone.
The rapid growth of Self Space has resulted in a 48% increase in the number of therapy sessions delivered each year, made possible by the expansion of their team. Over the past four years, the team has grown from five to 100 members, featuring a diverse range of qualified therapists and counselors across the country, specializing in various modalities, languages, backgrounds, and specializations. In 2024, Self Space intends to continue disrupting the mental health landscape by offering pop-up therapy services across the UK and Ibiza, expanding their in-person services, and launching a new digital platform.
Johnny Heilbron of Redrice Ventures expressed his confidence in Self Space’s potential to revolutionize therapy and mental health support. The company’s hybrid model, combining both in-person and online therapy sessions led by highly trained and diverse therapists, sets them apart. Redrice Ventures is proud to lead the recent investment and looks forward to accompanying Self Space on their journey of growth.
In addition to expanding their high street services, Self Space is collaborating with leading global brands to encourage proactive and preventative approaches to mental health in the workplace. Working with over 150 businesses, including RedBull, Omnicom, Papier, Huel, Depop, Google, and Havas, Self Space moves away from reactive mental health policies and outdated employee assistance programs. Instead, they focus on tangible measures that genuinely impact mental health. Through one-on-one therapy sessions, staff training, and psychoeducation workshops, Self Space aims to reach more businesses committed to supporting their employees’ mental well-being on a human level, rather than merely for profitability or productivity.
As Self Space continues to address the growing demand for mental health support, their expansion plans and collaborations with businesses demonstrate a commitment to making a meaningful and positive impact in society. With the recent funding, the company is well-positioned to provide accessible and effective therapy services to individuals across the UK, while promoting mental health in workplaces and helping businesses prioritize the well-being of their teams.
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