Spring Health, a New York, US-based Mental health benefits provider, raised $190 million in Series C funding, bringing the company’s valuation to $2 billion

The round was led by Kinnevik with participation from the Guardian Life Insurance Company of America, Tiger Global, Northzone, RRE Ventures, Rethink Impact, Work-Bench, William K Warren Foundation, SemperVirens, Able Partners, and True Capital Ventures.

The new investment brings the company’s total raised to $300 million. It plans to use the capital to expand its use among employers as well as grow partnerships with health plans.

Company: Spring Care, Inc

Raised: $190.0M

Round: Series C

Funding Month: September 2021

Lead Investors: Kinnevik

Additional Investors: Guardian Life Insurance Company of America, Tiger Global, Northzone, RRE Ventures, Rethink Impact, Work-Bench, William K Warren Foundation, SemperVirens, Able Partners, and True Capital Ventures

Company Website: https://www.springhealth.com/

Software Category: Mental Healthcare

About the Company: Spring Health provides employers with a comprehensive and effective solution for employee mental well-being. It uses a proprietary assessment and machine-learning technology to understand all of the conditions a person may be experiencing, and use those results to match them to a care plan personalized to their needs. Each member has access to a Care Navigator to help guide them through their options, assist in booking appointments with therapists, and connect them to domain experts across work-life, legal, or financial services. Spring Health was founded in 2016.

Source: https://www.mobihealthnews.com/news/spring-health-nabs-190m-digital-mental-health-tool-and-more-digital-health-fundings