Spring Health announced the closing of a $76 million Series B, led by investment firm Tiger Global. The funds from this Series B round will be used to refine Spring Health’s Precision Mental Healthcare approach, using technology to match each employee to the most effective care for them. Spring Health will also use the funds to triple its New York-based team and expand its capability to deliver the personalized and effective mental health experience.
Spring Health provides a single front-door approach to any type of care—including digital exercises, coaching, therapy, medication, or employee assistance program (EAP) services—leading to faster outcomes, higher engagement, and healthier, happier employees.
GingerBread Capital and Operator also joined this round. Existing investors Northzone, Rethink Impact, William K. Warren Foundation, Work-Bench, SemperVirens, Able Partners, and True Capital also participated. New individual investors in the Series B round also include six-time NBA all-star and NBA champion Kyle Lowry of the Toronto Raptors, and two-time WNBA all-star and 2018 WNBA MVP Breanna Stewart of the Seattle Storm.
Spring Health helps employers modernize their behavioral health benefits with the comprehensive solutions for employee mental well-being.
Tiger Global Management, LLC is an investment firm that deploys capital globally. The firm’s investments focus primarily on the global internet, software, financial technology, consumer and industrial sectors.
This was reported by Spring Health on November 18, 2020.