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Fortune: Becoming a Mom ‘Renewed’ April Koh’s Mission to Build Her $3.3 Billion AI-Powered Mental Health Startup

Fortune explores April's journey and her role as the youngest female founder of a unicorn company.

July 31, 2024

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    ‍Healthy valuation. A few select startups have dominated the list of the highest-valued female-founded companies over the past few years—especially as markets have remained hostile to IPOs and more companies have chosen to remain private. A new funding round, however, puts a fresh name in the mix among the top female-founded and -led businesses.

    Spring Health, led by cofounder and CEO April Koh, is now valued at $3.3 billion after raising a $100 million Series E round, I reported exclusively for Fortune this morning. That valuation places Spring near the top echelon of female-founded and -led startups—including Melanie Perkins’ Canva ($26 billion), Toyin Ajayi’s Cityblock ($6.3billion), and Rachel Romer’s Guild ($4.4 billion).

    “I’m very proud to be one of the few women to be leading a scaled business,” Koh told me this week. In 2021, the now 32-year-old became the youngest female founder leading a unicorn. Spring was last valued at $2.5 billion in 2023.

    Read the full article on Fortune to learn how welcoming her daughter shaped April's commitment to mental health.

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