Spring Health
Founded Year
2016Stage
Series E | AliveTotal Raised
$467.2MValuation
$0000Last Raised
$100M | 2 mos agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+20 points in the past 30 days
About Spring Health
Spring Health specializes in providing mental health solutions within the healthcare sector. The company offers a range of services including personalized care plans, access to a network of mental health professionals, and support from dedicated Care Navigators, utilizing a proprietary assessment and machine-learning technology to tailor care to individual needs. Spring Health primarily serves the employer and health plan segments within the healthcare industry. It was founded in 2016 and is based in New York, New York.
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ESPs containing Spring Health
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The corporate wellness platforms market offers solutions to improve the physical and mental health of employees in the workplace. These platforms address a range of issues, including stress, burnout, mental illness prevention, and cost containment for mental health services. Vendors offer personalized benefits that address common barriers to improved health and wellness, such as time, equipment, a…
Spring Health named as Highflier among 15 other companies, including Wellhub, Thrive Global, and Headspace.
Spring Health's Products & Differentiators
Precision Mental Healthcare
Technology that accurately predicts the right treatment plan (the right care and the right time), including everything from therapy, meditation exercises, digital CBT resources, and coaching. All lead to faster outcomes, higher engagement, and healthier, more resilient individuals.
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Research containing Spring Health
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Spring Health in 6 CB Insights research briefs, most recently on Sep 13, 2023.
Sep 13, 2023
The mental health tech market mapAug 1, 2023
The state of healthcare AI in 5 chartsDec 8, 2021 report
The Digital Health 150: The Top Digital Health Companies Of 2021Expert Collections containing Spring Health
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Spring Health is included in 8 Expert Collections, including HR Tech.
HR Tech
4,169 items
The HR tech collection includes software vendors that enable companies to develop, hire, manage, and pay their workforces. Focus areas include benefits, compensation, engagement, EORs & PEOs, HRIS & HRMS, learning & development, payroll, talent acquisition, and talent management.
Unicorns- Billion Dollar Startups
1,244 items
Artificial Intelligence
14,767 items
Companies developing artificial intelligence solutions, including cross-industry applications, industry-specific products, and AI infrastructure solutions.
Conference Exhibitors
5,302 items
Digital Health
11,072 items
The digital health collection includes vendors developing software, platforms, sensor & robotic hardware, health data infrastructure, and tech-enabled services in healthcare. The list excludes pureplay pharma/biopharma, sequencing instruments, gene editing, and assistive tech.
Telehealth
2,918 items
Companies developing, offering, or using electronic and telecommunication technologies to facilitate the delivery of health & wellness services from a distance. *Columns updated as regularly as possible; priority given to companies with the most and/or most recent funding.
Latest Spring Health News
Sep 17, 2024
News provided by Share this article Share toX New Benefit Drives Organizational Success by Empowering Managers with Critical Tools and Resources to Lead Teams with Care and Confidence NEW YORK, Sept. 17, 2024 /PRNewswire/ -- Spring Health, the leading global mental health solution for employers and health plans, today announced a first-of-its-kind manager experience solution within the Spring Health platform. The comprehensive offering provides managers with real-time support and resources to effectively navigate the challenges of leadership while prioritizing both their own mental health and that of their teams, ultimately benefiting the entire organization. Managers are crucial to employee well-being, yet they are often underserved in mental health support. Almost 70% of managers report feeling stressed or exhausted and only 21% of managers feel they have the necessary skills to support employees' mental health and well-being effectively. This stress can lead to burnout and reduced effectiveness for both leaders and their teams. This can have significant organizational impact when a recent study revealed that nearly 70% of employees feel their manager influences their mental health more than a therapist or doctor. Conversely, empowered managers with strong leadership skills can help drive equally significant organizational outcomes. "We've seen first-hand within our own organization, and in working with Fortune 500 customers, the impact and influence managers have in either fostering or detracting from a thriving culture," said April Koh, co-founder and CEO of Spring Health. "A manager's well-being not only affects their own health and work, but also the well-being and productivity of their entire team. Empowering managers with the support they need can unlock significant gains in efficiency, performance and retention for an entire organization and we are excited to introduce a tailored solution to help our customers and their leaders accomplish just that." Unlike other employee benefits, Spring Health's manager experience is the first to integrate essential resources and services in one place within the SpringWorks platform. It was designed to address the unique challenges faced by workplace leaders, who often juggle multiple responsibilities including the well-being of their team. Managers can access 24/7 on-demand support, including reference guides, professional coaching and videos covering a variety of common challenges. They can also access personalized support through one-on-one consultations, crisis support, webinars and discussion groups, enabling leaders to grow, learn and develop a compassionate approach to leadership that will resonate with their team members. Spring Health's manager experience solution will be generally available in January 2025. For more information, please visit www.springhealth.com/what-we-do/springworks-for-employers . About Spring Health Spring Health is the leading global behavioral health solution proven to change people's lives and deliver net-positive financial return for organizations. Through Spring Health's Precision Mental Healthcare, individuals and families connect with personalized interventions and compassionate, culturally-responsive mental healthcare. Certified by the Validation Institute for demonstrating net savings for customers, Spring Health equips global business leaders with the technology, insights and clinical expertise they need to support the mental health and well-being of their employees. Today, more than 10 million people worldwide have access to Spring Health. We're trusted by leading employers, health plans and channel partners, including Adobe, Bumble, Delta, General Mills, Highmark Health and Guardian, to drive cultural impact at scale. For more information, please visit https://www.springhealth.com .
Spring Health Frequently Asked Questions (FAQ)
When was Spring Health founded?
Spring Health was founded in 2016.
Where is Spring Health's headquarters?
Spring Health's headquarters is located at 60 Madison Avenue, New York.
What is Spring Health's latest funding round?
Spring Health's latest funding round is Series E.
How much did Spring Health raise?
Spring Health raised a total of $467.2M.
Who are the investors of Spring Health?
Investors of Spring Health include William K. Warren Foundation, Northzone, RRE Ventures, Kinnevik, Generation Investment Management and 26 more.
Who are Spring Health's competitors?
Competitors of Spring Health include CuraLinc Healthcare, aiberry, Brightside Health, Unmind, Headspace and 7 more.
What products does Spring Health offer?
Spring Health's products include Precision Mental Healthcare and 4 more.
Who are Spring Health's customers?
Customers of Spring Health include Pepsi.
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Compare Spring Health to Competitors
Modern Health operates as a mental health benefits platform for employers. It covers mental well-being needs through both evidence-based technology and professional support from a coach or therapist. It was formerly known as Modern Healthcare. The company was founded in 2017 and is based in San Francisco, California.
Lyra Health specializes in providing workforce mental health care solutions within the healthcare industry. The company offers evidence-based mental health care, utilizing AI-powered provider matching and a digital platform to deliver personalized support and treatment. Lyra Health's services cater to a diverse range of mental health needs, ensuring accessible and effective care for individuals and teams. It was founded in 2015 and is based in Burlingame, California.
Unmind is a workplace wellbeing platform creating mentally healthy work environments across various sectors. The company offers tools and services to support mental health, utilizing a data-driven approach to provide personalized care and insights for organizational well-being strategies. Unmind primarily serves enterprises looking to enhance their employees' mental health and well-being. It was founded in 2016 and is based in London, United Kingdom.
Big Health focuses on digital therapeutics in the mental health sector. The company offers digital programs that provide support for individuals dealing with common mental health conditions such as insomnia, anxiety, and depression. Its programs deliver non-drug alternatives, offering cognitive and behavioral techniques to improve mood and emotional well-being. It was founded in 2010 and is based in San Francisco, California.
Ieso Digital Health provides digitally-enhanced mental health care services to health providers, private individuals, and businesses via a secure, written conversation platform. The company's system uses proven, evidence-based approaches to treatment, which ensure superior adherence to clinical models. It was founded in 2000 and is based in Cambridge, United Kingdom.
Calm operates as a mental wellness brand in the health and wellness industry. The company provides a digital platform for sleep, meditation, and relaxation, aimed at helping users manage stress, sleep better, and live healthier, happier lives. It primarily serves the corporate sector providing mental fitness and resilience as an employee benefit. It was founded in 2012 and is based in San Francisco, California.
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