Spring Health Raises Historic $100M in Series E, Valued at $3.3B, Leveraging AI

Jul 31, 2024, 03:43 PM

Spring Health, a mental health benefits company based in New York, has raised $100 million in a historic Series E funding round, bringing its valuation to $3.3 billion. The funding round was led by cofounder and CEO April Koh, along with cofounder Dr. Chek. This raise is part of a broader trend in the mental health sector, which has seen several significant funding rounds in recent weeks. Spring Health's platform, which leverages AI for mental healthcare, has provided access to critical mental health services for over 10 million people.