Mental Health Startup Ginger Lands $50 Million Backed By Cigna, Kaiser Permanente

San Francisco-based startup Ginger just completed a $50 million Series D funding round to expand its on-demand mental health services. The round, led by Advance Venture Partners and Bessemer Venture Partners, included participation from Cigna Ventures and existing investor Jeff Weiner, executive chairman of LinkedIn, as well as Kaiser Permanente Ventures.

The startup, which delivers evidence-based behavioral health coaching, therapy, and psychiatry from a smartphone, has raised more than $120 million to date. The company has seen record-high demand for mental health support during the current health crisis. During July, weekly utilization rates were 125% higher . . .