Spring Health, a digital mental healthcare and navigation platform, raised $100 million in a Series E funding round led by Generation Investment Management. The company connects individuals with virtual mental health services through employers and health plans. Members undergo assessments for mental health conditions and receive personalized care plans and access to digital exercises. The company aims to provide equitable and inclusive care and counts Target, Microsoft, Delta Airlines, and J.P. Morgan Chase among its customers. Spring Health plans to expand its platform to over 30 languages and address social determinants of health. Other companies in the mental health space include Evernorth, Calm, Headspace, and Lyra Health.
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Spring Health garners $100M, bringing its valuation to $3.3B
