Spring Health, a New York-based provider of mental health solutions, raised $100 million in Series E funding, bringing its valuation to $3.3 billion.
Investors
The funding round was led by Generation Investment Management, with participation from existing investors including Kinnevik, the William K. Warren Foundation, RRE, and Northzone.
Generation Investment Management LLP is dedicated to long-term investing, integrated sustainability research, and client alignment. It is an independent, private, owner-managed partnership established in 2004 and headquartered in London, with a US presence in San Francisco.
Spring Health Use of Funds
The company will use the funding to accelerate growth and expand global access to mental healthcare.
About Spring Health
Spring Health provides a mental health solution integrating advanced technology with a vast network of care providers to offer effective and accessible mental health care. The company combines precision mental healthcare with cutting-edge artificial intelligence to enhance the efficiency and effectiveness of mental health services. The company serves over 10 million people through 450 employers, strategic payers, and 27,000 groups via partners. Spring Health collaborates with major brands like Microsoft, Target, J.P. Morgan Chase, and Delta Airlines.
Funding Details
Company: Spring Health, Inc.
Raised: $100.0M
Round: Series E
Funding Month: July 2024
Lead Investors: Generation Investment Management
Additional Investors: Kinnevik, the William K. Warren Foundation, RRE, Northzone
Company Website: https://www.springhealth.com
Software Category: Mental Health Solution
Source: https://www.springhealth.com/news/series-e-funding-accelerate-growth-expand-global-access