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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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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Will Spring Health go IPO?

Spring Health has not yet filed for an IPO. However, it's important to note that IPOs are not the sole avenue for a private company to transition to public trading. Private companies can also go public through alternative methods such as but limited to Special Purpose Acquisition Companies (SPACs), direct listings, or through mergers and acquisitions. Find out which companies are eyeing an IPO on our Tech IPO Calendar 2024.

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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 pre-IPO?

Spring Health is privately held company and is not publicly traded, therefor investing in Spring Health pre-IPO is only available to accredited investors. If you meet the accreditation criteria, you can register for Forge’s Secondary Marketplace to invest in private companies before their potential IPO. If you are not an accredited investor, discover how to begin the the process to potentially qualify for new investment opportunities.

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What is the value of my Spring Health shares?

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Can you sell Spring Health before it goes public?

Yes, you can seek to sell shares in Spring Health while it remains private. If you are considering selling, you can register today for free to get started. Once registered, a Private Market Specialist will guide you through any questions you might have. You may also continue to browse through our resources to help you understand the implications and procedures involved in selling your private market 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?

Tiger Global Management
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: Jul 26, 2024

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