Spring Health, a NYC-based provider of behavioral health benefits with a comprehensive solution for employee mental well-being, closed a $76m Series B funding round.
The round was led by Tiger Global with participation from GingerBread Capital and Operator Partners (a newly formed fund by Nat Turner and Zach Weinberg, the cofounders of Flatiron Health), existing investors Northzone, Rethink Impact, William K. Warren Foundation, Work-Bench, SemperVirens, Able Partners, and True Capital and Kyle Lowry of the Toronto Raptors, and Breanna Stewart of the Seattle Storm.
The company, which has raised $106m to date, intends to use the funds to triple its New York-based team and expand its capability to deliver the most personalized and most effective mental health experience possible.
Led by April Koh, co-founder and CEO, Spring Health provides employers with a behavioral health benefits solution for employee mental well-being. Spring Health provides access to any type of care — from digital exercises to ancillary employee assistance program (EAP) services, to coaching, therapy, or medication.
The company’s approach to mental health was founded in science and academia, and based on a proprietary mix of technology with a human touch.