Singapore-based B2B2C digital mental healthcare provider startup, Safe Space™ closed their seed round through MAS-licensed equity crowdfunding platform, FundedHere on 30th October 2020. The funds will be used to further Safe Space™️’s mission in highlighting the importance of mental health in the workplace, and to expand to businesses across the APAC region in 2021.
Mental health is more important than ever – before the pandemic, depression and anxiety have been estimated to cost US $1 trillion per year in lost productivity to the global economy. In Singapore, a report stated that the Samaritans of Singapore (SOS), a non-profit suicide prevention centre experienced a 36% increase in the volume of calls between April and June 2020 during the circuit breaker period in comparison to the same period in 2019.
Since their launch in March 2019, Safe Space™️ has grown its user-base by more than 3x and has connected more than 1,500 individuals to psychologists, psychotherapists and counsellors. Prior to the funding, Safe Space’s proprietary online course with Ngee Ann Polytechnic provided the initial catalyst for growth. Partnerships with various corporates such as OLIVER Agency kickstarted their foray into APAC, with a presence across 6 countries.
Through Singapore’s first MAS-licensed equity and debt crowdfunding platform, FundedHere, Safe Space™️ secured a large percentage of the seed round from the personal capacity of the founder of Pan-Asian private equity fund manager Tembusu Partners, Andy Lim. “The increasing pressures of society, compounded by the effects of COVID-19, is taking its toll on all of us and often so, we need help to process some of these overwhelming challenges. Antoinette has found a way to make help accessible by providing quality care and subsidised rates, while maintaining an individual’s confidentiality.”
Co-founder and CEO of FundedHere, Daniel Lin, opines,”FundedHere is taking a more active step towards sustainable investing. This means that looking at Environment, Social and Governance (ESG) initiatives is no longer a good-to-have but absolutely critical. Safe Space marks our foray into sustainable investing and we are pleased to be able to work with Antoinette and her team to achieve this aspirational goal.”
With the successful seed round, Safe Space™️ will be able to scale their new freemium corporate program globally by end 2021. These advancements will enable Safe Space™️ to gain more traction in making mental health services more accessible for businesses, and to be a cornerstone of the workplace to prepare employees for the future of work.
“Workplace mental well-being will be one of our top priorities going into 2021. Safe Space™️’s vision is to make digital mental healthcare and education accessible and comprehensive to businesses of all sizes (from startups to MNCs). We’ve built comprehensive tools to cope with the mental health impact of COVID-19 and other challenges ahead.”, Antoinette Patterson – founder of Safe Space™.
Seekers of help in mental health, therapists, and corporates who wish to contact Safe Space™ can drop a message at contact@safespace.sg.
About Safe Space™:
Safe Space™ is a Singapore-based B2B2C digital mental healthcare provider and ecosystem. Our vision is to be the default digital mental healthcare provider trusted regionally by clinical therapists, corporates, and consumers. To do so, we strengthen mental resilience by complementing technology with the human touch. Providing fast & affordable access to quality mental health therapy care (online and offline) and preventive education.
Instagram: Safe Space™ Singapore (@safespacesg) • Instagram photos and videos
Facebook Page : Safe Space Singapore – Home
Facebook Group: Mental Wellness Singapore Public Group
LinkedIn : Safe Space™ Singapore
