Ginger, the on-demand mental health company, today announced a $100 million Series E financing round led by funds managed by Blackstone Growth. This latest round of investment will bring the company’s total funding to over $220 million, on the heels of approximately 3x revenue growth over the past year.
“The past year demonstrated how employers, health plans, and investors are ready to double down on solutions that address the global mental health crisis,” said Russell Glass, CEO of Ginger. “With this round of funding, we will continue to advance our technology, further our research to improve outcomes, and expand care access within underserved populations.”
With this latest round of funding, Ginger plans to continue expanding access to value-based mental healthcare through additional partnerships with multinational employers and health plans. In the first half of the year, the company also plans to extend its reach to support underserved populations through new government payer relationships and collaborations with non-profit organizations. In addition, this funding will enable Ginger to continue its acquisition of innovative technologies and clinical services to improve and scale its on-demand mental health system.