AI-powered employer mental healthcare with precision treatment matching
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.
Healthcare📍 New York, NYFounded 2016
Current Valuation
$3.3B
as of 2024-Q3
UNICORN
QL Price
$2.0B
-39% vs last round
QuantLogix's current estimate for Spring Health, published 2026-08-28 — below the last disclosed round of $3.3B (2024-Q3).
Confidence
medium
Basis
secondary led
What backs this price
Last disclosed round
$3.3B
2024-Q3
weight 0.27
Secondary market print
$1.5B
2026-06-27
weight 0.69
How this price has held up
No round has priced for Spring Health since QuantLogix began publishing a price for it, so there is nothing to grade yet. The claim above is on the record from 2026-08-28 and will be graded against the next priced round. See the full accuracy record →
Which publicly-traded funds already hold it, what $10,000 buys, and whether any route is open to you.
Cite this price as QuantLogix QL Price, Spring Health, 2026-08-28 (a4fcef20913bab38).
The id pins this exact claim, so a citation stays checkable after the price moves.
Model estimate for research — not a quote, target price, or investment advice.
IPO Outlookprivate
Is Spring Health going public?
No. Spring Health is private and has not filed to go public. There is no S-1 on file.
What is Spring Health's valuation in 2026?
Spring Health is valued at $3.3B as of 2024-Q3, set by its Series E ($100M, Jul 2024). That is the last confirmed mark, not a live price — private shares do not trade continuously.
Has Spring Health filed an S-1?
No public S-1 is on file for Spring Health.
Who are Spring Health's investors?
Spring Health's investors include Generation Investment Management, Kinnevik, RRE Ventures, Northzone, William K Warren Foundation, Tiger Global.
Answers are derived from the roster record shown on this page — filing status, last round and confirmed marks. Where the record is silent, the answer says so rather than guessing.
Company Profile
CEO
April Koh
Founded
2016
HQ
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
Fundraising Status
Series E · $100M · 2y 1mo ago
privateTotal raised $467M
Secondary Market
Implied price / share
$31.24
Last round price / share
$67.87
vs last round
-54.0%
Open interest
2
Last round price vs secondary price
Secondary price return by period
Implied per-share price from private secondary transactions, as of Jun 2026. This is a point estimate, not a quote — the feed carries no bid, ask or spread, and a secondary print is evidence of what someone paid on that date rather than a live market. Compare across every tracked name →
Latest Funding Round
Round
Amount
Date
Lead Investor
Post-Money
Series E
$100M
Jul 2024
Generation Investment Management
—
Talent Signal
Hiring trend
● First snapshot
trend accrues with monthly sweeps
Open roles
44
via ashby
Product-build share
45%
engineering, research, product, design
Trajectory
steady
product-led hiring — 45% of open roles build product; the rest are go-to-market and G&A.
Actively hiring with no tracked executive churn.
Open roles by month
Open roles by function
■ product-building ■ go-to-market / G&A
TEST CLINICAL ROLEMedical Records Coordinator (Temporary)Senior Software Engineer I, Care InnovationStaff AI Security EngineerSenior Software Engineer I, Care InnovationClinical Care Navigator, After Hours (Tuesday to Saturday 4pm-12am ET)
Counted from Spring Health's live job board as of 2026-08-17; role functions classified from posting titles. Open-role counts are an activity signal, not headcount. Refreshed monthly.
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
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2024-Q3. Refreshed quarterly.