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Playspace has raised $5.0M across 1 funding round.
Key people at Playspace.
Playspace has raised $5.0M in total across 1 funding round.
PlaySpace Health offers a digital toolkit enhancing therapeutic engagement for mental health providers. Its platform features customizable virtual environments and content creation tools, enabling practitioners to connect effectively with children, adolescents, and neurodivergent individuals. A notable offering, the Virtual Sand Tray, facilitates non-verbal expression of complex emotions during online therapy sessions.
Matt Cohen founded PlaySpace Health in 2021, driven by the insight that digital tools could augment traditional therapy for diverse client populations. He recognized a need for specialized virtual spaces to bridge the gap between therapists and clients, enhancing engagement and accessibility for those benefiting from interactive and visual communication.
The company serves mental health professionals seeking innovative ways to deliver care and improve outcomes for young and neurodivergent clients. PlaySpace Health envisions a future where accessible, engaging virtual tools empower providers to extend their reach, transforming how mental health services are delivered to vulnerable populations.
Key people at Playspace.
Playspace has raised $5.0M across 1 funding round. Most recently, it raised $5.0M Series U in January 2015.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jan 1, 2015 | $5M Series U | — | Kfund | Announced |
Playspace has raised $5.0M in total across 1 funding round.
Playspace's investors include KFund.
PlaySpace is a digital health platform focused on mental health for children, teens, and neurodivergent adults. It provides practitioners with interactive tools to bridge the virtual engagement gap in online therapy, moving beyond generic video conferencing to create safe, engaging virtual spaces tailored for young patients.[1]
Originally launched as PracticeSpace, the company rebranded to PlaySpace to emphasize its core product and mission. It serves mental health and medical practitioners treating pediatric and neurodivergent populations, solving the problem of ineffective digital tools that fail to foster trust and interaction in remote sessions—especially critical as 92% of therapists now offer online options.[1] The platform drives growth by innovating in a digital-first therapy landscape, enabling seamless, playful connections that enhance therapeutic outcomes.
PlaySpace emerged from the limitations of standard telehealth tools for child mental health. Its first product, also called PlaySpace, was designed for practitioners working with kids, quickly becoming synonymous with the company's vision of interactive virtual therapy.[1]
The idea crystallized amid the digital age's untapped potential for pediatric care, where practitioners needed better ways to engage children online. Evolving from PracticeSpace, the official rebrand reaffirms this commitment, building on early traction from the flagship product to expand tools and resources. This shift humanizes the company as a mission-driven innovator dedicated to closing the "virtual engagement gap" for vulnerable populations.[1]
PlaySpace stands out in digital mental health through these key strengths:
PlaySpace rides the wave of digital telehealth expansion, where online therapy has surged—92% of therapists now offer virtual options—but pediatric tools lag.[1] Timing is ideal amid post-pandemic normalization of remote care and rising mental health needs among youth and neurodivergent groups.
Market forces like increased digital adoption in healthcare and demand for specialized platforms favor PlaySpace, addressing inequities in child-focused virtual tools. It influences the ecosystem by pioneering "play-based" teletherapy, inspiring providers to prioritize engagement and potentially setting standards for age-appropriate digital health innovations.
PlaySpace is poised to scale as virtual mental health demand grows, with expansions into more practitioner tools and broader neurodivergent support. Trends like AI-enhanced interactivity and policy pushes for pediatric telehealth will shape its path, amplifying its role in equitable digital care.
Its influence may evolve by partnering with health systems and influencing platform standards, ensuring every child accesses engaging therapy—tying back to its core mission of closing the virtual gap for transformative mental health impact.[1]
