Spring Health Scores $190M Series C Round
NEW YORK, NY, Spring Health, the most comprehensive global mental health solution for employers and health plans, has secured $190 million in Series C funding.
Top healthcare investor Kinnevik led the round and was joined by new investor The Guardian Life Insurance Company of America (Guardian Life), along with existing investors Tiger Global, Northzone, RRE Ventures, Rethink Impact, Work-Bench, William K Warren Foundation, SemperVirens, Able Partners, and True Capital Ventures. Spring Health's total investment to date is $300 million, bringing the company's current valuation to $2 billion, on the heels of approximately 6x revenue growth over the past year.
At Spring Health, we are making mental health fundamental by eliminating every barrier to care. Our comprehensive digital platform provides employers and health plans with diverse, inclusive care for individuals and families. Using clinically-proven machine learning models, we accurately assess an individual's needs and then our experienced care navigators guide the individual to the right care, whether it's coaching, meditation, therapy, medication or more. Today, Spring Health serves over 150 companies, from start-up's to multinational Fortune 500 corporations, and is a preferred mental health provider to companies like PepsiCo, General Mills, Bain, and Instacart. For more information, please visit www.springhealth.com.
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