Spring Health is a Behavioral Health Platforms company founded in 2016 and based in New York, United States. It has raised $465M in total funding, most recently a Series E in 2024 at a $3.3B valuation.
| Date | Stage | Amount | Valuation | Lead investors |
|---|---|---|---|---|
| Jul 31, 2024 | Series E | $100M | $3.3B | Generation Investment Management |
| Apr 12, 2023 | Series D | $71M | $2.5B |
| — |
| Sep 16, 2021 | Series C | $190M | $2B | Kinnevik |
| Nov 18, 2020 | Series B | $76M | — | Tiger Global Management |
| Jan 1, 2020 | Series A | $22M | — | Northzone, Equinox Ventures, Able Partners |
| Jul 12, 2018 | Seed | $6M | — | Rethink Impact |
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Spring Health's core AI-driven platform screens employees across 12+ mental health conditions using a proprietary assessment and machine-learning technology. It instantly matches members to a personalized care plan — from digital exercises and coaching to therapy and medication management — and assigns a Care Navigator to guide them. The platform differentiates by using clinical data and outcomes science to deliver faster, more effective care than traditional EAP solutions.
An expansion of Spring Health's offering that covers the entire family, including pediatric mental health care, relationship counseling, parenting coaching, and self-guided exercises for parents. Launched in 2023, it extends the employer mental health benefit to spouses, partners, and children, addressing the full spectrum of family mental wellness needs with the same precision-matching approach used in the core product.
An AI initiative announced in 2024 that enhances Spring Health's clinical and operational capabilities. Compassion AI uses large language models and behavioral-data analysis to help providers manage their practice more efficiently — surfacing insights, automating administrative tasks, and improving clinical decision-making — so clinicians can spend more time on direct patient care.