Spring Health

Spring Health is an American digital mental health company founded in 2016 and headquartered in New York City. It provides employee assistance programs (EAPs) and mental health benefits to employers and health plans, using machine-learning algorithms to match individuals to the most appropriate level of care — a methodology the company calls "Precision Mental Healthcare." Its platform spans self-guided tools, coaching, therapy, medication management, and specialty care, and is the only nationwide mental health solution accredited by CARF International for clinical quality and crisis response.

The company serves more than 400 employers and covers over 10 million lives, with more than 170 million people worldwide having access to Spring Health. Key clients include Microsoft, Target, The Coca-Cola Company, BlackRock, Pfizer, and Highmark. A study by the Validation Institute found that Spring Health customers reduced total health plan spend by $2,430 per participant within the first six months of engagement.

Spring Health has raised $372 million in total funding, reaching a valuation of $3.3 billion following a $100 million Series E round led by Generation Investment Management. It achieved unicorn status in 2021 and was named to CNBC's 2024 Disruptor 50 list. As a technology-driven mental health platform operating at significant scale, Spring Health sits at the intersection of employer benefits, behavioral health, and AI-powered care delivery.