# Spring Health

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/spring-health

- Industry: Healthcare Specialists
- Headquarters: New York, US
- Website: www.springhealth.com
- Total disclosed funding: $320M
- Latest round: Series E (Jul 16, 2024)
- Investors on record: 18

## About

Based in New York, US, and founded in 2016, Spring Care, Inc., trading as Spring Health operates as a provider of an AI-based machine learning platform that offers mental healthcare solutions for employers and health plans. The company was co-founded by April Koh (CEO), Abhishek Chandra, and Adam Chekroud. In July 2024, Spring Health raised USD 100 million in series E funding led by Generation Investment Management, including Kinnevik, William K Warren Foundation, RRE and Northzone. 

The company provides an online healthcare platform that uses artificial intelligence, allowing physicians to prescribe the appropriate medication for patients with mental illnesses. The company also offers counseling, parental coaching, and adult therapy for individuals.

Spring Health generates revenue by offering precision mental healthcare solutions to employers, health plans, and channel partners. Its income streams include subscription-based employer benefits, strategic payer relationships, and partnerships. The company also monetizes its AI-powered platform through coaching, therapy, medication management, and care navigation services.

## Funding rounds

- Series E, Jul 16, 2024, $100M — RRE Ventures, Northzone, Generation Investment Management, Kinnevik, William K. Warren Foundation
- Series C, Sep 16, 2021, $134M — RRE Ventures, Northzone, Guardian Life Insurance, Tiger Global Management, Kinnevik, Rethink Capital Partners, William K. Warren Foundation, True, Work-Bench, Able Partners, SemperVirens
- Series B, Nov 10, 2020, $58M — Northzone, Tiger Global Management, Rethink Capital Partners, William K. Warren Foundation, True, Work-Bench, GingerBread Capital, Able Partners, Operator Partners, SemperVirens
- Series A, Jan 9, 2020, $20M — RRE Ventures, Northzone, Rethink Capital Partners, William K. Warren Foundation, Work-Bench, Able Partners, Equinox Ventures Ltd, SemperVirens
- Seed, May 24, 2018, $8.1M — RRE Ventures, William K. Warren Foundation, Rough Draft Ventures, North Sound Ventures, Saddlefire Ventures

## Investors

- RRE Ventures (https://capitalatlas.ai/funds/rre-ventures) — Seed, Series A, Series C, Series E
- William K. Warren Foundation — Seed, Series A, Series B, Series C, Series E
- Rough Draft Ventures (https://capitalatlas.ai/funds/rough-draft-ventures) — Seed
- North Sound Ventures (https://capitalatlas.ai/funds/north-sound-ventures) — Seed
- Saddlefire Ventures (https://capitalatlas.ai/funds/saddlefire-ventures) — Seed
- Northzone (https://capitalatlas.ai/funds/northzone) — Series A, Series B, Series C, Series E
- Rethink Capital Partners (https://capitalatlas.ai/funds/rethink-capital-partners) — Series A, Series B, Series C
- Work-Bench — Series A, Series B, Series C
- Able Partners (https://capitalatlas.ai/funds/able-partners) — Series A, Series B, Series C
- Equinox Ventures Ltd — Series A
- SemperVirens (https://capitalatlas.ai/funds/sempervirens) — Series A, Series B, Series C
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series B, Series C
- True (https://capitalatlas.ai/funds/true) — Series B, Series C
- GingerBread Capital (https://capitalatlas.ai/funds/gingerbread-capital) — Series B
- Operator Partners — Series B
- Guardian Life Insurance — Series C
- Kinnevik (https://capitalatlas.ai/funds/kinnevik) — Series C, Series E
- Generation Investment Management (https://capitalatlas.ai/funds/generation-investment-management) — Series E