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Spring

Spring

Private
New York City, New YorkHealthcare & Life Scienceshttps://www.springhealth.com

Last Round

Series E

Jul 31, 2024

Est. Valuation

$3.3B

Total Funding Raised

$465.1M

Momentum

Top 25%

of companies Caplight tracks

Company Overview

Spring Health is a digital healthcare company that offers a personalized mental healthcare platform aimed at enhancing employee well-being through tailored care plans based on individual assessments and machine-learning technology.

Sector

Healthcare & Life Sciences

Verticals

Mental Health, HR, Telemedicine, Precision Medicine, Medical AI

Business Model

B2B2C

Customer Profile

Subscription SaaS, Usage-Based SaaS, Services & Consulting

AI Layer

Application

Keywords

mental health benefitsemployee mental healthmental health platformbehavioral health benefitsemployee assistance programEAPcorporate mental healthprecision mental healthcarecare navigationvirtual mental healthcareteletherapyworkplace well-beingAI-powered assessmentmedication managementper-employee-per-monthPEPMfamily mental healthcare infrastructure

Historical Pricing

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Caplight Momentum Score

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Spring Comparables

Compare Spring with similar companies based on industry and business-model similarity.

Spring comparables — related companies by embedding similarity
CompanySimilarityMarket Cap
Modern Health
93%
Lyra Health
93%
Headspace
86%

Spring Funding Rounds

Historical fundraising activity

Data table
RoundDateAmount RaisedValuationInvestorsSources
Series EJul 31, 2024
Series DApr 12, 2023
Series CSep 16, 2021
Series BNov 18, 2020
Series AJan 27, 2020
Seed
Jul 12, 2018

Key People

Founding team and executive leadership

April Koh

Co-Founder & CEO

Founding Team

Swaroopa Penikelapati

Chief Technology Officer

Executive Team

Debbie Markowitz

Chief Financial Officer

Executive Team

Arielle Mortimer

Chief Operating Officer

Executive Team

Spring Investors

Notable investors and investment history

Spring investors
InvestorRounds
Work-BenchSeries A, Series C, Series B, Seed
The William K. Warren FoundationSeries C, Series E
Generation P AsiaSeries E
BBG VenturesSeed
Able PartnersSeries C, Series B, Series A
Equinox VenturesSeries A
GingerBread CapitalSeries B

Market signals

Structured signals derived from secondary market and firmographic data.

  • Apr 16, 2026

    Only company in category recognized for delivering net savings to customers.

  • Apr 16, 2026

    Bumble referenced as a customer in job posting.

Spring Filings

SEC and related filings with document metadata.

Data table
TypedDateAmount OfferedAmount SoldFillingPagesDownload
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Spring Filings

SEC and related filings with document metadata.

Frequently Asked Questions

Common questions about Spring's valuation, stock price, and market status.

Firmographic Details

HeadquartersNew York City, New York
Employee Range3,799
Year Founded2016
Last FundingJul 31, 2024

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