Spring Health

AI-powered employer mental healthcare with precision treatment matching

Healthcare 📍 New York, NY Founded 2016

Current Valuation

$3.3B

as of 2024-Q3

UNICORN

Spring Health delivers AI-powered employer-sponsored mental healthcare, using clinical machine learning to match employees to the most effective care path — from coaching and therapy to psychiatry and medication management. Co-founded in 2016 by CEO April Koh and President Adam Chekroud, the company hit a $3.3B valuation in July 2024 on a $100M Series E led by Generation Investment Management, joined by Kinnevik, RRE, Northzone, and the William K Warren Foundation. At 32, Koh became the youngest woman to run a unicorn (at the $2.5B Series D in 2023), and Spring's $3.3B mark put it among the highest-valued female-founded private companies.

Company Profile

CEO

April Koh

Founded

2016

New York, NY

Employees

~1500

Total Raised

$467M

Growth

Series E step-up from $2.5B (2023) → $3.3B (Jul 2024); employer + payer expansion

Last Round

Series E — $100M (Jul 2024) · Lead: Generation Investment Management

IPO Status

private

Founders & Key People

April KohAdam Chekroud

Investors

Generation Investment Management · Kinnevik · RRE Ventures · Northzone · William K Warren Foundation · Tiger Global

Products

Spring Health Precision Mental Healthcare
Spring Care Navigation
Spring Family Mental Health

Competitors

Lyra Health · Modern Health · Headspace Health · Calm Health

HealthcareMental HealthEnterprise BenefitsUnicornFemale-founded