Spring Health, a digital wellness platform that connects employees to mental healthcare resources, has scooped up $6 million in seed funding, bringing the company’s total amount raised to $8 million. The round was led by Rethink Impact with additional participation from Work-Bench, BBG Ventures, and The Partnership Fund for New York City, as well as returning investors RRE Ventures and William K. Warren Foundation.
“We started Spring Health because we were exasperated by how cumbersome, painful and expensive the typical mental health care journey is. We completely reinvented the mental health care experience, and our early customers loved it. We’re excited to scale the offering nation-wide with this fundraise,” April Koh, CEO and cofounder of Spring Health, said in a statement. “During a time when mental health is such a relevant topic, we are using our platform to lead the conversation and break stigmas around mental health, specifically in the workplace.”
Spring is commercializing technology that was originally developed at the Yale School of Psychiatry, which has been clinically validated in studies published in JAMA Psychiatry and Lancet Psychiatry. Pulling from EHR data and an initial questionnaire that adapts to users’ responses, the company’s proprietary AI develops and recommends a personalized wellness plan for each employee that includes suggested exercise regimens and self-help resources.
From there, the platform matches these users with on-call clinicians who can answer questions and connect patients with a licensed mental health provider within the week. According to the Spring’s website, the company is typically utilized by a third of employees, and has an average provider connection wait time of 1.7 days.
"What excites us about Spring Health is their application of machine learning paired with deep domain and clinical expertise in mental health,” Jessica Lin, cofounder and general partner at Work-Bench, said in a statement. “This makes their platform an incredibly valuable and evidence-based asset for the enterprise, where employees can benefit personally, and corporations save costs on health spend and boost employee retention.”
The company will be using its new funding to expand its product and scale the offering nationwide. Prior to this round, Spring had raised $1.5 million in April of last year.