Spring Health Raises $190M in Series C

Spring Health has successfully raised $190M in a Series C at a $2B valuation led by Tiger Global, Northzone, RRE Ventures, Work-Bench, William K. Warren Foundation, Guardian Life.

Company Overview

Spring Health is a HealthTech company headquartered in 45 Main Street, Brooklyn, NY 11201, founded in 2016 with 600+ employees.

Mental health benefits platform

Fundraising Details

• Amount Raised: $190M
• Round Type: Series C
• Valuation: $2B
• Date: 2024-09-16
• Investors: Tiger Global, Northzone, RRE Ventures, Work-Bench, William K. Warren Foundation, Guardian Life

About Spring Health

Mental health benefits platform The company is positioned in the HealthTech sector, serving a growing market with innovative solutions.

Key Information

• Headquarters: 45 Main Street, Brooklyn, NY 11201
• Founded: 2016
• Team Size: 600+
• Industry: HealthTech

What This Means

This funding round demonstrates strong investor confidence in Spring Health's vision and execution. The capital will likely be used to:

• Scale Operations: Expand the team and operational capacity
• Product Development: Enhance existing products and develop new features
• Market Expansion: Enter new markets and strengthen presence in existing ones
• Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The HealthTech sector continues to attract significant investment as companies innovate to meet evolving market demands. Spring Health's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $2B valuation marks an important milestone for Spring Health, positioning the company among notable players in the HealthTech industry.

Looking Ahead

With this new capital, Spring Health is well-positioned to execute on its growth strategy and continue building innovative solutions in the HealthTech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-09-16. For more information about Spring Health, visit their headquarters at 45 Main Street, Brooklyn, NY 11201.