Boston, MA Russia & Dubai, UAE– June 17 2025

MentalSelfHelp, an innovative psychological self-help mobile application addressing the urgent global mental health crisis, has entered a strategic partnership with FasterCapital through its LaunchUp program. This collaboration aims to fast-track MentalSelfHelp’s expansion across North America and Europe, tapping into a combined market of over 200 million potential users. The partnership leverages FasterCapital’s global reach and investment expertise to bring accessible, effective mental health tools to millions.

Addressing a Growing Global Mental Health Crisis

With mental health disorders affecting over one-third of populations in the US and Europe, and economic losses exceeding $1 trillion annually due to depression and anxiety, the demand for accessible psychological assistance has never been greater. Traditional therapy remains costly and inaccessible to many, creating a significant market gap. MentalSelfHelp targets this inefficiency by offering scientifically grounded, non-medical self-help programs that empower users to manage mental health challenges independently. This positions the startup uniquely within a largely untapped segment of digital mental health solutions.

Innovative Solution with Proven Effectiveness

MentalSelfHelp’s mobile app is built on 26 rigorously tested psychological self-help programs developed over 15 years by Sergey W. Ermakov, a seasoned psychologist. The app’s core value lies in delivering evidence-based, multi-modal therapeutic content that users can engage with independently, without the need for a specialist. Features include tailored program versions, a secure psychotherapeutic journal, and community support groups, enhancing user engagement and outcomes. Early testing with nearly 1,000 users demonstrated a 85% rate of significant to complete problem resolution, underscoring the app’s safety and efficacy. This unique approach sets MentalSelfHelp apart from existing mental health apps that primarily facilitate connections to specialists rather than self-guided therapy.

FasterCapital Partnership Accelerates Growth and Market Entry

Through the LaunchUp program, FasterCapital provides MentalSelfHelp with critical resources including capital raising support, strategic mentorship, and access to a global network of investors and industry experts. FasterCapital’s rigorous selection process ensures that only high-potential startups with validated solutions join the program, reinforcing MentalSelfHelp’s credibility. The partnership is designed to accelerate product development, localization, and go-to-market strategies, aiming for a full-scale launch within 18 months. This collaboration empowers MentalSelfHelp to scale rapidly and capture significant market share in the burgeoning digital mental health sector.

Executive Perspectives

Hesham Zreik, Founder and CEO of FasterCapital, commented:
“MentalSelfHelp exemplifies the kind of innovative, impact-driven startup that aligns perfectly with our LaunchUp program’s vision. Their scientifically grounded approach to psychological self-help addresses a massive unmet need in mental health care. We are excited to support Sergey and his team in scaling this solution globally, leveraging our expertise and network to maximize impact and commercial success.”

Sergey Ermakov, Founder and CEO of MentalSelfHelp, stated:
“Partnering with FasterCapital is a pivotal step toward realizing my vision of making effective psychological self-help accessible to millions worldwide. Their support accelerates our ability to transform mental health care by delivering affordable, evidence-based tools directly to users. Together, we will create a healthier, happier world while building a sustainable business.”

Growth Trajectory and Future Plans

MentalSelfHelp plans to finalize app development for iOS and Android, complete multilingual content translation, and initiate targeted marketing campaigns across North America and Europe within the next 12 months. The startup aims to secure $2 million in funding to support these milestones, focusing on user acquisition, corporate and government partnerships, and continuous product enhancement. Long-term, MentalSelfHelp envisions becoming a global leader in digital psychological self-help, expanding into new markets and integrating advanced AI-driven personalization features.

About MentalSelfHelp

Founded by Sergey W. Ermakov, a practicing psychologist with over 15 years of experience, MentalSelfHelp offers a comprehensive mobile application delivering non-medical, evidence-based psychological self-help programs. The app empowers users to independently manage mental health challenges through scientifically validated tools, addressing a critical gap in accessible mental health care globally.

About FasterCapital

FasterCapital is a global technology investment platform and accelerator that supports early-stage startups through its LaunchUp program, providing capital, mentorship, and market access. With a track record of partnering with innovative ventures across sectors, FasterCapital focuses on scalable solutions that address pressing global challenges.