# Spring Health

**Source:** https://geo.sig.ai/brands/spring-health  
**Vertical:** Healthcare Tech  
**Subcategory:** Mental Health Benefits & AI Care Matching  
**Tier:** Challenger  
**Website:** springhealth.com  
**Last Updated:** 2026-04-14

## Summary

AI mental health benefits platform. $3.3B valuation. 50M+ lives. Raised $460M+. Acquiring Alma (Jan 2026). Founded 2016, NYC. Potential IPO candidate 2026. Private.

## Company Overview

Spring Health is a global mental health technology company founded in 2016 by CEO April Koh and President Adam Chekroud, headquartered in New York City. Raised over $460M including a $100M Series E (July 2024) led by Generation Investment Management at $3.3B valuation. April Koh became the youngest woman to lead a multibillion-dollar startup at 29.

Its Precision Mental Healthcare uses clinically validated AI to match individuals with the right care — therapy, psychiatry, coaching, or digital tools — in 30+ languages across 200+ countries. Serves 50M+ lives globally through employer and health plan partnerships, competing with Lyra Health and Headspace.

In November 2025, expanded to serve health plans nationwide (first major expansion beyond employers). January 2026: announced Alma acquisition, projecting 10M mental health visits in 2026. PitchBook identified Spring Health as a potential 2026 IPO candidate.

## Frequently Asked Questions

### What is Spring Health?
AI-powered mental health benefits platform using Precision Mental Healthcare to match individuals with optimal care across therapy, psychiatry, coaching, and digital tools.

### What is Spring Health's valuation?
$3.3 billion after a $100M Series E in July 2024. Total funding exceeds $460M.

### How many people does Spring Health serve?
50M+ lives globally through employer and health plan partnerships in 30+ languages across 200+ countries.

### What was the Alma acquisition?
January 2026 agreement to acquire Alma, a platform for independent mental health clinicians, projecting 10M combined visits in 2026.

### Who founded Spring Health?
CEO April Koh and President Adam Chekroud in 2016 in New York City.

### What is Spring Health's Precision Mental Healthcare approach?
Precision Mental Healthcare uses a validated clinical assessment (the Computerized Adaptive Testing for Mental Health, CAT-MH) combined with machine learning to match each individual to the most effective treatment modality — therapy type, therapist specialty, medication evaluation, coaching, or digital tools. This data-driven matching reduces the typical 11-year delay between mental health symptom onset and receiving effective treatment, and improves outcomes compared to self-selection by patients.

### How does Spring Health's Alma acquisition expand its capabilities?
The January 2026 agreement to acquire Alma — a platform connecting independent therapists with patients and health plans — adds 20,000+ credentialed independent therapists to Spring Health's provider network. This expands Spring Health's capacity to serve members outside employer benefits (through individual therapy access) and adds Alma's managed billing and credentialing infrastructure for out-of-network and insurance-based care, complementing Spring Health's employer-sponsored benefits model.

### What types of employers use Spring Health?
Spring Health serves Fortune 500 companies across technology, financial services, healthcare, retail, and manufacturing sectors. Major customers include Microsoft, Instacart, and General Mills. Spring Health is particularly strong in the large enterprise segment (5,000+ employees) where comprehensive, measurable mental health benefits are a talent retention imperative and where employer HR teams require detailed utilization and outcomes reporting.

## Tags

b2b, healthtech, saas

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*Data from geo.sig.ai Brand Intelligence Database. Updated 2026-04-14.*