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Founded Year

2016

Stage

Series E | Alive

Total Raised

$467.2M

Valuation

$0000 

Last Raised

$100M | 3 mos ago

Mosaic Score
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

+16 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.

Headquarters Location

60 Madison Avenue 2nd floor

New York, New York, 10010,

United States

855-629-0554

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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.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Healthcare & Life Sciences / Care Delivery & Navigation Tech

The tele-psychiatry providers market utilizes technology to provide remote mental health services to patients. This market includes telehealth platforms, virtual clinics, and online therapy services that offer psychiatric consultations, therapy, and medication management. The market is driven by increasing demand for convenient and accessible mental healthcare services, as well as a shortage of me…

Spring Health named as Leader among 15 other companies, including Talkspace, Lyra Health, and Uwill.

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 5 CB Insights research briefs, most recently on Sep 13, 2023.

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.

H

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.

U

Unicorns- Billion Dollar Startups

1,249 items

C

Conference Exhibitors

5,302 items

D

Digital Health

11,113 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.

T

Telehealth

3,106 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.

D

Digital Health 50

150 items

The winners of the third annual CB Insights Digital Health 150.

Latest Spring Health News

09:00 ET Spring Health Expands Specialty Care to Advance Treatment for High-Acuity Behavioral Health Conditions

Oct 22, 2024

News provided by Share this article Share toX New Solution Addresses Fragmented Mental Health System with Early Detection and Specialized Treatment for 50+ Complex Conditions in One Platform, including Eating Disorders, SUD, Anxiety and Mood Disorders, and Trauma NEW YORK, Oct. 22, 2024 /PRNewswire/ -- Spring Health, the leading global mental health solution for employers and health plans, today announced the launch of its Specialty Care solution to provide rapid access to intensive treatment for acute behavioral health conditions. Today, more than 14.1 million individuals face complex and challenging behavioral health needs, and fewer than half receive sufficient care. Specialty Care redefines the mental healthcare experience by integrating Spring Health's proprietary Precision Mental Health Care to detect at-risk conditions early, proactively reach out to identified individuals and guide them to the appropriate specialized care program. This process reduces a patient's risk, improves outcomes and limits the need for costly residential care. Spring Health data indicates that 1 in 4 members struggle with risks for serious depression, 1 in 10 struggle with SUD, 1 in 15 are at risk for an eating disorder and 1 in 25 exhibit suicidal or injurious behavior. By enrolling the highest-risk individuals into care, Spring Health's solution increases their likelihood of successful treatment tenfold at one-tenth the cost of traditional acute care options. The solution also helps employers address the highest-acuity cases that account for 80 percent of their behavioral health spend. "Specialty Care is a key step in advancing Spring Health's mission to eliminate barriers to mental health," said Sean Bell, GM of New Ventures at Spring Health. "With measurement-based care, our Specialty Care Navigator quickly identifies at-risk members and connects them to one of 2,000 specialized providers. This ensures rapid, high-quality care for those with acute behavioral health needs at a fraction of the cost of traditional solutions." Specialty Care builds on three impactful years of Spring Health's SUD program, which has achieved enrollment and engagement rates that are ten times better than typical benchmarks. By leveraging proactive outreach and early detection algorithms, Specialty Care can assess an individual's relative risk of developing a severe behavioral health condition, and then triage to provide targeted clinical interventions at in-network prices as part of a comprehensive mental health plan. The solution treats more than 50 complex conditions originating from SUD, trauma, mood and anxiety disorders, and eating disorders, and is supported by Spring Health's provider network, including more than 2,000 in-house specialty care providers with over 100 vetted facility partners. Learn more  about how Spring Health is building the most integrated mental healthcare platform that improves both patient outcomes and employer cost savings. 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 are connected with personalized interventions and compassionate, culturally-responsive mental health care. Certified by the Validation Institute for demonstrating net savings for customers, Spring Health also equips global business leaders with intelligent technology, real-time insights, and clinical expertise to support diverse and evolving organizational needs. 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, Moda Health, Wellstar, 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 Logo
Modern Health

Modern Health provides a comprehensive global mental health solution. The company offers a range of 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. Modern Health 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 Logo
Lyra Health

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 Logo
Unmind

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.

Ieso Digital Health Logo
Ieso Digital Health

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 Logo
Big Health

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.

Calm Logo
Calm

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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