Spring Health

Spring Health is a provider of behavioral health benefits with the most comprehensive solution for employee mental well-being.

Spring Health helps employers modernize their behavioral health benefits with the most effective, comprehensive solution for employee mental wellbeing.

Spring Health was founded in May 2016 by April Koh, Adam Chekroud, and Abhishek Chandra. The company is headquartered in New York City, New York.

 

Spring Health provides a single front-door approach to any type of care — including digital exercises, coaching, therapy, medication, or employee assistance program (EAP) services — leading to faster outcomes, higher engagement, and healthier, happier employees.

 

Spring Health uses a proprietary assessment and machine-learning technology to understand all of the conditions a person may be experiencing, and use those results to match them to a care plan personalized to their needs.

 

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.

 

Spring Health is backed by Tiger Global Management, Northzone, Kinnevik, Guardian Life, Rethink Impact, RRE Ventures, Able Partners, True Capital, Work-Bench, GingerBread Capital, and others. The company raised $190M in Series C round on Sep 16, 2021. This brings Spring Health's total funding to $296M to date. The new round mints Spring Health a unicorn with a valuation of $2B post-money.

 

 

  • Year founded: 2016
  • Funding Info: $296M over 4 Rounds (Latest Funding Type: Series C)
  • Yearly Revenue: NA
  • Employee Size: 201-500
  • Business Valuation: Valued at $2B as of Sep 16, 2021
  • City/Town: New York City
  • State: New York
  • Country: United States
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