Spring Health Raises $100M Series E at $3.3B Valuation

The company will invest in increasing access to mental healthcare and fueling company growth.

Published on Jul. 31, 2024
healthcare provider engages in talk therapy
healthcare provider engages in talk therapy

Spring Health recently secured $100 million in Series E funding, led by Generation Investment Management, increasing the company’s valuation to $3.3 billion. The company uses data to match caregivers with patients and provide precision mental healthcare.

Spring Health works to reduce the trial-and-error method of treatment in mental healthcare, leveraging patient data and AI to ensure that members receive timely and appropriate care from its network of over 10,000 care providers. The company serves more than 10 million individuals through 450 directly contracted employers and strategic payer partnerships. 

With the new funding, Spring Health plans to enhance its capabilities, increase access and expand its impact as it works to deliver return on investment to employers. Spring Health works with companies like Microsoft, Target, J.P. Morgan Chase and Delta Airlines.

This article was written by Writer, a generative AI tool, using information from press releases and company blogs provided by our staff. All content was reviewed by a Built In editor and went through a fact-checking process to ensure accuracy. Errors can be reported to our team at [email protected]. This article was reviewed and edited by Ashley Bowden.

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