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Mental health company Spring Health, cofounded by CEO April Koh and President Adam Chekroud, is now valued at $3.3 billion after raising a $100 million Series E round.
The round was led by growth-stage firm Generation Investment Management, with participation from some existing investors including Kinnevik, William K Warren Foundation, RRE, and Northzone. Spring Health was last valued at $2.5 billion during a 2023 Series D round.
The AI-powered mental health startup matches patients with care providers, selling to both health plans and employers. What the company calls “personalized mental health” separates Spring from competitors in the digital mental health space, it says; its founding eight years ago was predicated on a research paper that found that machine learning could match people with the best care for their needs.
Read the full article to learn more about this growth round and our ongoing commitment to revolutionizing mental health care with AI-powered solutions.
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