About Spring Health
Spring Health is a company based in New York (United States) founded in 2016 by Adam Chekroud and April Koh. It operates as a HealthTech and Subscription Services. Spring Health has raised $508.73 million across 12 funding rounds from investors including Equinox, Kinnevik and True Capital Management. Spring Health has completed 2 acquisitions, including Alma and Hello Weldon. Spring Health offers products and services including SpringLife, SpringWorks for Employers, and SpringWorks for Health Plans. Spring Health operates in a competitive market with competitors including Magellan Health, AbleTo, Lyra Health, Thrive Global and Wysa, among others.
- Headquarter New York, United States
- Founders Adam Chekroud, April Koh
- Stage Unicorn
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Sectors
TechnologyHealthcare
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- Legal Name Spring Care, Inc.
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Products & Services of Spring Health
Spring Health offers a comprehensive portfolio of products and services, including SpringLife, SpringWorks for Employers, and SpringWorks for Health Plans.
Personalized mental health care for individuals and families.
Mental health support tailored for workplace employee needs.
Integrated mental health solutions for health plan providers.
People of Spring Health
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Funding Insights of Spring Health
Spring Health has successfully raised a total of $508.73M across 12 strategic funding rounds. The most recent funding activity was a Series E round of $35 million completed in July 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Spring Health
Spring Health has secured backing from 23 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Equinox, Kinnevik and True Capital Management.
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Venture capital investments are directed toward multiple sectors by Kinnevik.
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Venture capital firm supporting AI founders through investments and community.
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Early-stage healthy living brands are funded by Able Partners.
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Investor details for Spring Health
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Investments & Acquisitions by Spring Health
Spring Health has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Alma and Hello Weldon.
Investment portfolio details for Spring Health
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Online one-on-one guidance platform for parents
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Co-working platform for therapists and wellness professionals is provided.
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Complete acquisition details for Spring Health
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Financial Statements - Spring Health
Detailed financials for Spring Health
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Spring Health Comparisons
Peer comparison for Spring Health
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Competitors of Spring Health
Spring Health operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Magellan Health, AbleTo, Lyra Health, Thrive Global and Wysa, among others.
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Behavioral healthcare management and pharmacy services are provided for employees.
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Offers a digital platform to connect people with licensed therapists and coaches
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AI-powered mental health benefits for employers are provided.
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Mental wellbeing coaching platform is provided for enterprises.
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AI-driven mental health support platform is provided by Wysa.
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Cloud-based platform for employee wellness
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Detailed competitors of Spring Health
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Latest news on Spring Health
Complete news archive for Spring Health
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Frequently Asked Questions about Spring Health
Spring Health was founded in 2016.
Spring Health is headquartered in New York, United States. It is registered at New York, New York, United States.
April Koh is the current CEO of Spring Health. They have also founded this company.
Spring Health is a funded company, having raised a total of $508.73M across 12 funding rounds to date.
Mental health care solutions are offered by Spring Health to employers, health plans, and individuals. Services are delivered through personalized platforms like SpringLife and SpringWorks, focusing on therapy, coaching, and self-guided support. The healthcare sector is targeted, emphasizing behavioral health strategies with proven clinical and financial outcomes. Technology is utilized to enhance care delivery, ensuring fast access and continuous support for complex conditions. Partnerships are established with organizations to reduce medical costs while improving mental health access globally.
Spring Health's top competitors include Lyra Health, Thrive Global and Magellan Health.
Spring Health offers SpringLife, SpringWorks for Employers, and SpringWorks for Health Plans.
Spring Health has made 2 acquisitions, including Alma, and Hello Weldon.
Spring Health has 23 investors. Key investors include Equinox, Kinnevik, True Capital Management, The William K. Warren Foundation, and True Ventures.
The valuation of Spring Health is $3.3B as of Jul 2024.