Spring Health
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Spring Health - overview
Established
2016
Location
New York, NY, US
Primary Industry
Healthcare Specialists
About
Based in New York, US, and founded in 2016, Spring Care, Inc. , trading as Spring Health operates as a provider of an AI-based machine learning platform that offers mental healthcare solutions for employers and health plans. The company was co-founded by April Koh (CEO), Abhishek Chandra, and Adam Chekroud. In July 2024, Spring Health raised USD 100 million in series E funding led by Generation Investment Management, including Kinnevik, William K Warren Foundation, RRE and Northzone.
The company provides an online healthcare platform that uses artificial intelligence, allowing physicians to prescribe the appropriate medication for patients with mental illnesses. The company also offers counseling, parental coaching, and adult therapy for individuals. Spring Health generates revenue by offering precision mental healthcare solutions to employers, health plans, and channel partners. Its income streams include subscription-based employer benefits, strategic payer relationships, and partnerships.
The company also monetizes its AI-powered platform through coaching, therapy, medication management, and care navigation services.
Current Investors
RRE Ventures, William K. Warren Foundation, Rough Draft Ventures
Primary Industry
Healthcare Specialists
Sub Industries
Healthcare IT, Mental Health Services, Analytics & Performance Software, Medical Software
Website
www.springhealth.com
Verticals
Artificial Intelligence, HealthTech, Mobile Apps
Company Stage
Series E
Total Amount Raised
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