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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

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 Comps

Public and private peers based on sector, stage, and business model.

CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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Spring Funding Rounds

Historical fundraising activity

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

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.

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 Range3,627
Year Founded2016
Last FundingJul 31, 2024

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Disclaimer All investments involve risk, including the risk of loss of principal. You should carefully consider your investment objectives, risks, transaction costs and other expenses before deciding to invest in options, swaps or other investments.This does not constitute an offer by Caplight Technologies, Inc. to sell, or a solicitation of an offer to buy, any securities and may not be used or relied upon in connection with any offer or sale of securities. An offer or solicitation can be made only through the delivery of final offering document(s) and purchase agreement(s), and will be subject to the terms and conditions and risks delivered in such documents. Any securities offered are offered through Caplight Markets LLC, member FINRA/SIPC.