Funding round
Spring Health Series A
Spring Health, which works in mental health benefits consulting in New York, raised $22M in a Series A round announced on 1 Jan 2020, led by Northzone. 13 firms took part, with 1 individual investor. It is Spring Health's second venture round on record; the one before was a Seed in Jul 2018.
$22M
Amount raised
Not disclosed
Post-money valuation
13
Investors
1 lead
Valuation
What this round says about the price
Spring Health did not disclose a valuation in this round. It came 18 months after Spring Health's Seed. It is 4.7% of the $464M Spring Health has raised in the venture rounds on record. Spring Health raised again 10 months later: a Series B round of $76M in Nov 2020. Its next priced round, a Series C in Sep 2021, valued it at $2.00B.
Spring Health's funding rounds
Spring Health has 6 venture rounds on record. This one is highlighted.
- Seed 12 Jul 2018, led by Rethink Impact $6.0M
- Series A this round 1 Jan 2020, led by Northzone $22M
- Series B 18 Nov 2020, led by Tiger Global $76M
- Series C 16 Sep 2021, led by Kinnevik $190M$2.00B post-money
- Growth 12 Apr 2023 $70M$2.50B post-money
- Series E 31 Jul 2024, led by Generation Investment Management $100M$3.30B post-money
Investors
Who put money in
Northzone led the round with 12 other firms.
Lead investor
- backs 104 venture-backed companies new investor
Also in the round
- Equinox Ventures new investor
- backs 24 venture-backed companies new investor
- Fifth Wall backs 103 venture-backed companies new investor
- Idinvest Partners new investor
- backs 24 venture-backed companies new investor
- backs 36 venture-backed companies new investor
- Sapphire Ventures backs 148 venture-backed companies new investor
- backs 38 venture-backed companies new investor
- backs 35 venture-backed companies new investor
- backs 68 venture-backed companies new investor
- backs 35 venture-backed companies new investor
- Warren Foundation new investor
Individual investors: alexis bonillo.
Comparable rounds
How it compares
10 Series A rounds in Psychologists & Counseling Services within a year either side disclosed an amount; the median was $10M, and this round was 2.2 times the median. The closest in time, other companies' Series A rounds in Psychologists & Counseling Services:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Psychologists & Counseling Services | 12 Feb 2020 | $9.9M | not disclosed | Project A |
| Psychologists & Counseling Services | 22 Oct 2019 | $11M | not disclosed | Greycroft |
| Psychologists & Counseling Services | 12 May 2020 | $8.1M | not disclosed | Foundry |
| Psychologists & Counseling Services | 23 May 2019 | $9.0M | not disclosed | Kleiner Perkins |
| Cerebral Psychologists & Counseling Services | 7 Oct 2020 | $35M | not disclosed | Oak HC/FT |
| Psychologists & Counseling Services | 18 Nov 2020 | $26M | not disclosed | Thrive Capital and GV |
| Psychologists & Counseling Services | 5 Nov 2020 | $17M | not disclosed | not named |
| Psychologists & Counseling Services | 28 Feb 2019 | $7.0M | not disclosed | Maveron |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Spring Health raise in its Series A round?
Spring Health raised $22M in its Series A round, announced in Jan 2020.
Who led Spring Health's Series A round?
Northzone led it, with Equinox Ventures, Able Partners, Fifth Wall, Idinvest Partners and Quadrille Capital and 7 more.
What was Spring Health's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Psychologists & Counseling Services?
10 Series A rounds in Psychologists & Counseling Services within a year either side disclosed an amount; the median was $10M, and this round was 2.2 times the median.
Did Spring Health raise again after this round?
Yes: a Series B round in Nov 2020 of $76M.