companies

Spring Health Exit Candidate

🦄
Employees 250+
Primary contact

Links
https://www.springhealth.com/
🏦 Potential exit path: SPAC, IPO
Spring Health has developed a solution that helps employers modernize their behavioral health benefits with the most comprehensive solution for employee and their families mental well-being. The company provides a single front door to any type of care — from digital exercises to employee assistance program (EAP) services, to coaching, therapy, or medication — leading to faster outcomes, higher engagement, and healthier, happier employees. To accurately assess an individual's needs, Spring Health uses clinically-proven machine learning models along with its care navigators to guide the individual to the right care.
Select partners: Castlight Health, Virgin Pulse, Willis Towers Watson.
Select clients: PepsiCo, General Mills, Bain, Instacart, Whole Foods, Gap, Equinox, Sequoia, TED, MasterClass, Clever.
🦄
Employees 250+
Primary contact

Links
https://www.springhealth.com/

Funding 💰

Total 🦄 $295.5M
Last round 🔗 $190M
Series C
September 16, 2021.
Select investors Kinnevik, Tiger Global Management, Northzone, True Capital, Rethink Impact, RRE Ventures, Work-Bench, SemperVirens, William K Warren Foundation

Key people 🧑‍🤝‍🧑

Highlights ⭐

  • The company's clients include over 150 companies, from startups to multinational Fortune 500 corporations.
  • Spring Health has managed to attract some world-class investors which helped it reach the unicorn status.
  • We're confident Spring Health will be a leading mental health solution for employers with its clinically-proven technology and world-class providers... We're impressed by Spring Health's capability to deliver personalized solutions for each individual. - Scott Shleifer, partner of Tiger Global 🔗
  • Spring Health has proven to be essential with the workforce going through increasing pressure amidst a global pandemic. We've been impressed by the clarity of vision and speed of execution by April, Adam, and their team since we've invested in their Series A in January 2020. The company is poised to become a substantive and transformative healthcare tech company. - Pär-Jörgen Pärson, general partner at Northzone 🔗
  • The company is in the growing market - the findings of Burnout Nation, a December 2020 online study of 1,136 employed U.S. adults that found more than three-quarters (76%) of U.S. employees are currently experiencing worker burnout. 🔗
Last update: March 10, 2022