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
-
Sectors
TechnologyHealthcare
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Spring Care, Inc.
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Personalized mental health care for individuals and families.
Mental health support tailored for workplace employee needs.
Integrated mental health solutions for health plan providers.
Unlock access to complete
Unlock access to complete
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.
- Total Funding Total Funding
- Total Rounds 12
- Last Round Series E — $35.0M
-
First Round
First Round
(18 Nov 2016)
- Investors Count 23
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2024 | Amount | Series E - Spring Health | Valuation | Kinnevik |
|
| Jul, 2024 | Amount | Series E - Spring Health | Valuation | Generation Investment Management | |
| Mar, 2023 | Amount | Series D - Spring Health | Valuation |
investors |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Venture capital investments are directed toward multiple sectors by Kinnevik.
|
Founded Year | Domain | Location | |
|
Venture capital firm supporting AI founders through investments and community.
|
Founded Year | Domain | Location | |
|
Early-stage healthy living brands are funded by Able Partners.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
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. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Online one-on-one guidance platform for parents
|
2018 | ||||
|
Co-working platform for therapists and wellness professionals is provided.
|
2009 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Spring Health
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Spring Health Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Behavioral healthcare management and pharmacy services are provided for employees.
|
|
| domain | founded_year | HQ Location |
Offers a digital platform to connect people with licensed therapists and coaches
|
|
| domain | founded_year | HQ Location |
AI-powered mental health benefits for employers are provided.
|
|
| domain | founded_year | HQ Location |
Mental wellbeing coaching platform is provided for enterprises.
|
|
| domain | founded_year | HQ Location |
AI-driven mental health support platform is provided by Wysa.
|
|
| domain | founded_year | HQ Location |
Cloud-based platform for employee wellness
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Spring Health
Frequently Asked Questions about Spring Health
When was Spring Health founded?
Spring Health was founded in 2016.
Where is Spring Health located?
Spring Health is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Spring Health?
April Koh is the current CEO of Spring Health. They have also founded this company.
Is Spring Health a funded company?
Spring Health is a funded company, having raised a total of $508.73M across 12 funding rounds to date. The company's 1st funding round was a Series D of $71M, raised on Nov 18, 2016.
What does Spring Health do?
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.
Who are the top competitors of Spring Health?
Spring Health's top competitors include Lyra Health, Thrive Global and Magellan Health.
What products or services does Spring Health offer?
Spring Health offers SpringLife, SpringWorks for Employers, and SpringWorks for Health Plans.
How many acquisitions has Spring Health made?
Spring Health has made 2 acquisitions, including Alma, and Hello Weldon.
Who are Spring Health's investors?
Spring Health has 23 investors. Key investors include Equinox, Kinnevik, True Capital Management, The William K. Warren Foundation, and True Ventures.
What is Spring Health's valuation?
The valuation of Spring Health is $3.3B as of Jul 2024.