About Spring Health
Spring Health is a Technology company based in New York (United States) founded in 2016 by Adam Chekroud and April Koh. Tech-enabled mental health solutions for employers are provided. It operates on a HealthTech and Subscription Services model in Technology and Healthcare sectors. Spring Health has raised $473.73 million across 12 funding rounds from investors including Equinox, Kinnevik and True Capital Management. The company has 3,902 employees. Spring Health has completed 2 acquisitions, including Alma and Hello Weldon. Spring Health was last valued at $3 billion in October 2025. Its chief executive, as recorded, is April Koh. Its website springhealth.com draws about 1.4 million monthly visits. Spring Health offers products and services including SpringLife, SpringWorks for Employers, and SpringWorks for Health Plans. Its focus areas include Mental Health and Behavioral Health Solutions. Its legal entity is Spring Care, Inc. Its competitors include Magellan Health, AbleTo and Lyra Health; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters New York, United States
- Employees 3,902
- Founders Adam Chekroud, April Koh
- Stage Unicorn
- SectorsTechnologyHealthcare
- Website category Health · Mental Health
- Email••••••••
- Phone•••• ••••
- Website springhealth.com
- Social LinkedIn X
- Legal Name Spring Care, Inc.
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.
Apps and channels of Spring Health
Spring Health publishes 1 mobile app with over 50K+ downloads.
Funding Insights of Spring Health
Spring Health has successfully raised a total of $473.73M 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 $473.73M
- Total Rounds 12
- Last Round Series E — $35M
- First Round $25,000
(Nov 2016)
- Investors Count 30
Latest 10 of 12 funding rounds of Spring Health with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2024 | $35M | Series E | $3.3B | Kinnevik | – |
| Jul 2024 | $100M | Series E | – | Generation Investment Management | |
| Mar 2023 | $71M | Series D | – | – | – |
| Sep 2021 | $190M | Series C | $2B | Kinnevik | |
| Nov 2020 | $76M | Series B | – | Tiger Global Management | |
| Jan 2020 | $22M | Series A | – | Northzone | |
| Aug 2018 | $199,999 | Seed | – | – | – |
| Jul 2018 | $6M | Seed | – | Rethink Impact | |
| May 2018 | $8.13M | Seed | – | Rethink Impact | |
| Apr 2017 | $400,000 | Seed | – | The William K. Warren Foundation, Kevin Ryan |
| Date | Valuation | Stage |
|---|---|---|
| Jul 2024 | $3.3B | •••••••• |
| Sep 2021 | $2B | •••••••• |
Full valuation and stage history of Spring Health
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Last known valuation $3B (Oct 2025). 30 investors in total: 27 institutional and 3 angel.
Investors in Spring Health
Spring Health has secured backing from 30 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Equinox, Kinnevik and True Capital Management.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments are directed toward multiple sectors by Kinnevik. | 1936 | kinnevik.com | Stockholm, Sweden | |
Venture capital firm supporting AI founders through investments and community. | trueventures.com | |||
Early-stage healthy living brands are funded by Able Partners. | ablepartners.nyc | New York, United States | ||
Investments are directed by SemperVirens Venture Capital toward multiple sectors. | sempervirensvc.com | New York, United States | ||
Grants are provided for education, health, and religious causes. | 1945 | williamkwarrenfoundation.org | Tulsa, United States | |
Early-stage US tech startups are invested in by Work-Bench. | work-bench.com | New York, United States | ||
Early-stage startups are funded by Northzone venture capital. | northzone.com | London, United Kingdom | ||
Venture and private equity investments are managed with global diversification. | tigerglobal.com | New York, United States | ||
VC firm investing in seed and early stage companies in the US | rre.com | New York, United States | ||
Life sciences and tech focused impact VC firm funding companies in the US, the UK and Canada | rethinkimpact.com | Washington, Dc, United States |
Investor details for Spring Health
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Spring Health
291 people are tracked at Spring Health (51 in leadership, 5 in board & advisors, 235 in team); the tracked headcount is 3,902.
| Name | Role | Group |
|---|---|---|
Adam Chekroud | Co-Founder | Leadership |
April Koh | Co-Founder & CEO | Leadership |
Kaleigh Wilson | Associate Director, People Operations & Systems | Leadership |
Dillon Mullaney | Head Of Payer Partnerships | Leadership |
Debbie Markowitz | CFO | Leadership |
Ginny Mineo | Director, Product | Leadership |
Chong Doh | Associate Director, IT Support | Leadership |
Justine Kolsky | Associate Director, Product - Platform | Leadership |
Elena Plazunova | Director Of Accounting | Leadership |
Cheyenne Green | Associate Director, Operations Enablement & Compliance | Leadership |
Abbey Brainard | Director Of Finance | Leadership |
Chaena Hollist | Associate Director, Provider Enablement And Performance Excellence | Leadership |
Nicky S. Kwon | Director, Business Operations & Strategy | Leadership |
Ann Fabens-Lassen | Director Of Business Operations & Strategy | Leadership |
Aidan Cochrane | Director, Business Operations & Strategy | Leadership |
Arielle Mortimer | Chief Operating Officer | Leadership |
Millard Brown | Chief Medical Officer | Leadership |
Quincy Wang | Associate Director, Accounting | Leadership |
Andrej Rosic | Director Of Product, Data Products | Leadership |
Karishma Patel Buford | Chief People Officer | Leadership |
271 more people are available in the full profile.
Complete people profiles for Spring Health
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Co-working platform for therapists and wellness professionals is provided. | helloalma.com | New York, United States | 2009 | Jan 2026 | •••• | |
Online one-on-one guidance platform for parents | helloweldon.com | New York, United States | 2018 | May 2022 | •••• |
Complete acquisition details for Spring Health
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
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Timeline of Spring Health
6 dated milestones of Spring Health across 10 years, from founding to its latest funding, stage changes and deals.
- Founded Spring Health is founded.
- Funding First funding round of $25K.
- Milestone Reaches Unicorn status.
- Acquisition Acquires Hello Weldon.
- Funding Latest funding round, Series E, of $35.0M.
- Acquisition Acquires Alma.
Competitors of Spring Health
Spring Health has 3 listed competitors in our database, 3 of them funded. They include Magellan Health, AbleTo and Lyra Health.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| magellanhealth.com | 1969 | Scottsdale, United States | $101M | 10,506 | Behavioral healthcare management and pharmacy services are provided for employees. | |
| ableto.com | 2008 | New York, United States | $108.75M | 1,125 | Offers a digital platform to connect people with licensed therapists and coaches | |
| lyrahealth.com | 2015 | Burlingame, United States | $915M | 1,145 | AI-powered mental health benefits for employers are provided. |
Detailed competitors of Spring Health
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of Spring Health
The website of Spring Health (springhealth.com) receives about 1.4M visits a month and ranks #35,921 among all websites worldwide, #882 in Mental Health.
- Monthly visits1.4M
▲ 7.8% vs previous month
- Unique visitors293.5K
per month
- Global rank#35,921
among all websites
- Category rank#882
Health · Mental Health
- Bounce rate30%
- Pages per visit5.8
- Average visit5 min 47 sec
- DevicesDesktop 65% · Mobile 35%
Websites whose visitors overlap most with Spring Health. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| growtherapy.com | 100% | 6.4M | #9,476 | View details | |
therapynotes.com | therapynotes.com | 93% | #7,068 | – | |
| doxy.me | 90% | 11.6M | View details | ||
| therapistaid.com | 88% | #39,170 | View details | ||
| betterhelp.com | 83% | 6.8M | #9,576 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Spring Health
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- 40 similar websites
- Audience overlap
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Top companies in HR & Workforce Technology
3 companies that operate in the same segment as Spring Health (HR & Workforce Technology) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Anonymous employee reviews and job search platform are operated. | 2007 | San Francisco, California, United States | USD 201.5 M | 1,695 | ||
Cloud-based LMS platform for IT industry | 2004 | Farmington, Utah, United States | USD 235.41 M | USD 4.95 M | 1,774 | |
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M |
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Related news about 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 CEO of Spring Health, as recorded in our data. They have also founded this company.
Spring Health is a funded company, having raised a total of $473.73M across 12 funding rounds to date. The company's 1st funding round was a Seed of $400K, raised on Nov 2016.
Spring Health has 3,902 employees.
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, Magellan Health and AbleTo.
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 30 investors. Key investors include Equinox, Kinnevik, True Capital Management, EQUIAM, and Partnership for New York City.
The valuation of Spring Health is $3B as of Oct 2025.
Spring Health operates through Spring Care, Inc..