Spring Health
Founded Year
2016Stage
Series E | AliveTotal Raised
$467.2MValuation
$0000Last Raised
$100M | 1 yr agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+18 points in the past 30 days
About Spring Health
Spring Health is a mental health solution provider that focuses on employee wellbeing and health plan offerings. The company offers various services including digital support, coaching, therapy, and medication management, tailored to individual needs through technology. Spring Health serves employers and health plans, providing mental health benefits and services. 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 tele-psychiatry providers market utilizes technology to deliver remote mental health services to patients. This market includes platforms offering psychiatric consultations, therapy, and medication management through video conferencing and digital tools. Providers serve individuals, employers, educational institutions, and healthcare facilities with services ranging from crisis support to ongo…
Spring Health named as Leader among 15 other companies, including Teladoc Health, Talkspace, and Lyra Health.
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 3 CB Insights research briefs, most recently on Sep 13, 2023.
Sep 13, 2023
The mental health tech market map
Aug 1, 2023
The state of healthcare AI in 5 charts
Expert 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
5,910 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
1,276 items
Conference Exhibitors
5,302 items
Digital Health
11,408 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
3,122 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.
Digital Health 50
150 items
The winners of the third annual CB Insights Digital Health 150.
Latest Spring Health News
Jul 8, 2025
The Stockholm-listed firm said net profit per share was SEK 2.26 million, compared with a loss of SEK 8.19 million a year ago. The turnaround was primarily attributed to a SEK 700 million gain in the fair value of unlisted holdings. Listed assets posted a SEK 44 million fair value loss for the quarter. Kinnevik's net asset value rose 2% from the previous quarter to SEK 36.8 billion as of June 30, from SEK 36.2 billion at the end of March. On a per-share basis, net asset value increased to SEK 132.87 from SEK 130.59. In constant currencies, NAV grew 4% in the quarter and declined 1% year over year. The Class B share closed at SEK 83.14 on June 30, up from SEK 70.66 at the end of March and 12% below the SEK 86.85 level recorded in the year-ago period. Private portfolio value rose 3% during the quarter, or 5% in constant currencies. The company invested SEK 860 million in Q2 and SEK 1.66 billion in the first half. Of that, SEK 333 million was allocated to Tandem Health, a Swedish AI healthcare company, and SEK 335 million to a techbio firm to be disclosed later in the year. Kinnevik reported SEK 2 million in divestments for the quarter and SEK 367 million for the first half, including exits from Sure, Lunar and XYB. Net investments stood at SEK 858 million in Q2 and SEK 1.29 billion for the half-year period. Cash and cash equivalents totaled SEK 9.6 billion at the end of the quarter, compared with SEK 10.5 billion in March and SEK 12.8 billion in the same period last year. Gross cash was SEK 11.8 billion and gross debt SEK 2.2 billion. Core companies reported average revenue growth of more than 35% in the first half, with EBITDA margins improving by 4 percentage points year over year. TravelPerk surpassed $275 million in annualized revenue following its acquisition of Yokoy and expansion in the U.S. Enveda completed Phase 1a clinical trials for its eczema treatment candidate. Spring Health remained Kinnevik's largest unlisted asset at SEK 5.2 billion, followed by TravelPerk at SEK 4.2 billion and Pleo at SEK 2.2 billion. Other major holdings included Cityblock (SEK 1.7 billion), Mews (SEK 1.5 billion), Betterment (SEK 1.5 billion), and Stegra (SEK 1.3 billion). Year to date, Kinnevik posted a net loss of SEK 2.41 billion, compared with a loss of SEK 2.5 billion for the first half of 2024. The company attributed the year-to-date figure to earlier fair value declines not fully offset by second-quarter gains. ProPicks AI are 6 model portfolios created by Investing.com which identify the best stocks for investors to buy now. The stocks that made the cut could produce monster returns in the coming years. Is KINVa one of them?
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, RRE Ventures, Northzone, Kinnevik, Generation Investment Management and 26 more.
Who are Spring Health's competitors?
Competitors of Spring Health include Cognera Health, Quartet Health, CuraLinc Healthcare, Aiberry, Brightside Health 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 serves as a global mental health solution provider in the healthcare industry. It offers services including one-on-one clinical therapy, group therapy sessions, and self-guided mental health resources designed to support the emotional, professional, social, financial, and physical well-being of employees. It primarily serves employers, consultants, health plans, and individuals seeking mental health benefits for their workforce or clients. Modern Health was formerly known as Modern Healthcare. It was founded in 2017 and is based in San Francisco, California.
Lyra Health operates in workforce mental health care within the health benefits industry. The company provides a digital platform that connects employees to mental health providers and tools, utilizing artificial intelligence (AI) for provider matching and offering evidence-based support. Lyra Health serves employers seeking to provide mental health benefits and support employee well-being. It was founded in 2015 and is based in Burlingame, California.
Unmind is a workplace wellbeing platform that creates 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.
Ieso Digital Health focuses on digital mental healthcare and therapeutics within the healthcare industry. The company offers artificial-intelligence (AI)-powered, therapist-delivered digital behavioural therapy and develops clinically assessment and treatment products aimed at improving mental health outcomes. Ieso serves the healthcare sector, including partnerships with the UK National Health Service (NHS) and payers in the United States. Ieso Digital Health was formerly known as PsychologyOnline. It was founded in 2000 and is based in Cambridge, United Kingdom.
Big Health focuses on digital mental health care, providing services in the mental health sector. It offers digital programs aimed at improving sleep quality, managing anxiety, and enhancing mood through cognitive behavioral therapy. Big Health serves health systems, health plans, and employers with its mental health care platform. It was founded in 2010 and is based in San Francisco, California.
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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