Spring Health Announces $100M Series E

We’re thrilled to announce that our Work-Bench portfolio company Spring Health has raised a $100M Series E at a $3.3B valuation, led by Generation Investment Management. 

When we first invested in Spring Health's Seed round in 2018, we were moved by co-founders April Koh and Adam Chekroud’s massive vision to use data to transform mental healthcare. 

Spring Health’s clinically-validated “Precision Mental Healthcare” approach reduces the traditional trial-and-error method of treatment. By analyzing a vast range of data, including patients’ specific symptoms, alongside socio-demographic information and other key factors, Spring Health is able to significantly reduce the average time for a patient to match with a caregiver, as well as shorten the duration from the first appointment to successful treatment and recovery. 

Spring Health now covers more than 10 million lives across companies including Microsoft, Target, J.P. Morgan Chase, Delta Airlines and more, and the team continues to innovate on offerings to eliminate every barrier to mental health. 

Congratulations to the entire team! We're so proud of the tremendous impact Spring Health continues to have on millions of lives everyday.