Spring Health Raises $76M in Series B Financing

Spring Health, a NYC-based provider of behavioral health benefits with a comprehensive solution for employee mental well-being, closed a $76m Series B funding round. The round was led by Tiger Global with participation from GingerBread Capital and Operator Partners (a newly formed fund by Nat Turner and Zach Weinberg, the cofounders of Flatiron Health), existing investors Northzone, Rethink Impact, William K. Warren Foundation, Work-Bench, SemperVirens, Able Partners, and True Capital and Kyle Lowry of the Toronto Raptors, and Breanna Stewart of the Seattle Storm.

“Mental health is the defining problem of our time. Yet it’s still full of trial-and-error,” said April Koh, co-founder and CEO of Spring Health. “At Spring Health, we’re demystifying mental health and making high-quality care seamlessly accessible for everyone. Our approach precisely delivers the personalized care plan for each individual no matter where they are in their mental health journey, and we guide each individual through their journey through a dedicated navigator.”

The company, which has raised $106m to date, intends to use the funds to triple its New York-based team and expand its capability to deliver the most personalized and most effective mental health experience possible.

Announcement: Spring Health Raises $76M in Series B Financing