Spring Health was founded in 2016 by April Koh and Adam Chekroud. In 2021, Koh told Forbes that she would like to take the company public via IPO. As of June 2023, the company remains private.

Spring Health is a digital mental health platform that uses AI to match patients with providers. In 2022 the company acquired Weldon, a family-focused wellness platform. Spring Health has raised more than more than $370 million in venture capital funding from investors including Kinnevik, Tiger Global, GingerBread Capital, Operator Partners, Northzone, Rethink Impact, Work-Bench, SemperVirens, Able Partners, and True Capital. The company was valued at $2.5 billion following a $71 million fundraising round in April 2023.

These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.

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Learn more about Spring Health

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What is Spring Health's IPO price?

The IPO price for Spring Health will be known only if it becomes public. However, you may access the "Price At Last Round" and the "Implied EV" for publicly traded comparable companies with Forge Data.
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Can you invest in Spring Health?

Spring Health is a privately held company and is not publicly traded on NYSE or NASDAQ in the U.S. To buy pre-IPO shares of a private company, you need to be an accredited investor. Learn more about how to invest in the private market or register today to get started.

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Can you sell Spring Health shares pre-IPO?

If you own Spring Health pre-IPO shares and are considering selling, you can find what your shares could be worth on Forge’s secondary marketplace.

Our Private Market Specialists are available to answer any questions you might have and can help connect you with a buyer from our network of 125,000 accredited investors and institutions. You can also learn more about how to sell your private shares before getting started.

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Is Spring Health a publicly traded company?

Spring Health is a private company and not publicly traded.

If you are interested in buying or selling private company shares, you can register with Forge today for free to explore your options. Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. Learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares.

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What is Spring Health's funding to date?

Spring Health has raised $250.08MM to date.
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When was Spring Health founded?

Spring Health was founded in 2016.

Who are Spring Health's major investors?

RRE Ventures
Kinnevik
Northzone Ventures
Operator Partners
BBG Ventures
Crew Capital
Rethink Capital Partners
GingerBread Capital
AlleyCorp
MassChallenge
Rough Draft Ventures
EQUIAM
The Guardian Life Insurance Company of America
True Capital Management
Equinox Ventures
Able Partners
Kerdos Ventures
Rethink Impact
Saddlefire Ventures
SemperVirens Venture Capital
The William K. Warren Foundation
Work-Bench
New York Digital Health Innovation Lab
InnovateHealth Yale
American Psychiatric Association
Yale Entrepreneurial Institute

Spring Health Funding Rounds and Last Known Valuation

Date Funding Round Funding Raised Price per Share Last Known Valuation
4/12/2023 Series D $70MM raised $XXX.XX $XXX.XX
9/16/2021 Series C $150MM raised $XXX.XX $XXX.XX
11/20/2020 Series A-2 $20.25MM raised $XXX.XX $XXX.XX
1/27/2020 Series A-1 $1.5MM raised $XXX.XX $XXX.XX
7/12/2018 Series Seed-4 $6.22MM raised $XXX.XX $XXX.XX
4/10/2017 Series Seed-1, Seed-2 and Seed-3 $2.11MM raised $XXX.XX $XXX.XX
Based on primary financings
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Updated on: May 17, 2024

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