Digital behavioral health benefits company Spring Health has raised $71 million in a new funding round. This brings the unicorn’s valuation to $2.5 billion.
The company did not name participants in the latest raise, but said existing investors wanted to increase their stake. Kinnevik, Guardian Life Insurance Company of America, Tiger Global, GingerBread Capital, Operator Partners, Northzone, Rethink Impact, William K. Warren Foundation, Work-Bench, SemperVirens, Able Partners and True Capital have previously backed Spring Health.
New York-based Spring Health is a B2B behavioral health organization that teams up with employers and health plans to offer digital support, meditation exercises, coaching, therapy and medication. Its clients include Microsoft, The Hershey Company, JB Hunt, Bumble and Fujifilm, reports Behavioral Health Business.
The new round comes less than two years after the company closed a $190 million Series C funding round. In total, the company has raised more than $370 million in venture funding. Read more.
