Spring Health
What they do
Spring Health is a global mental health platform that connects members, providers, and organizations through one integrated system. The platform delivers personalized mental health support, including self-guided tools, coaching, therapy, medication management, and specialty care, and uses data and clinical insight to guide each person to the right care at the right time.
Spring Health is independently validated by JAMA Network Open and the Validation Institute for achieving meaningful clinical outcomes and net savings. Today, more than 50 million people worldwide have access to Spring Health, which is trusted by leading employers, health plans, and channel partners, including Highmark, Target, The Coca-Cola Company, BlackRock, Microsoft, Pfizer, and Wawa.
Why Kinnevik invested in Spring Health
Mental health is one of the most pressing healthcare challenges of our time, with one in five US adults currently living with a mental health condition. Meanwhile, access to care remains limited due to provider shortages andincreasing waiting times.
From day one, we have been deeply impressed by Spring Health’s tech-driven and science-based, personalized approach to mental healthcare. Their continuous investment in clinical innovation and technology enhances the experience for both patients and providers.
Under the leadership of its founders, April Koh and Dr. Adam Chekroud, the company is delivering exceptional results:
- Over 90 percent of members reliably improve or recover from depression or anxiety
- Over 60 percent reach remission, meaning their symptoms dropped belowthe clinical threshold
- 70 percent of users achieve significant progress in fewer sessions
To continue to create value, Spring Health focuses on:
- Continuing to advance member, provider, and customer experience with investments in cutting-edge AI and technology
- Growing their global footprint through strategic partnerships and product expansion
Key information
- A global mental health platform
- Combined revenue target of USD 1bn in the year following completionof the Alma acquisition
- Over 80% compounded annual growth rate over the past three years
- Profitable throughout 2025
- Over 50m people worldwide have access to Spring Health
- Partner with over 450 directly contracted employers and health plans
News in the quarter
- Announced an acquisition of Alma, a membership-based platform that handles the insurance and business side of running a practice so clinicians can spend more time helping patients. Alma’s platformenable clinicians to care for more than 120 million lives. The combi- ned business expects to have around USD 1bn in revenue in the yearfollowing the merger
- Launched four new Journeys to help employees navigate the emotional and behavioral aspects of modern challenges like caregiving, weight, grief, and women’s health more holistically
- Published largest study of its kind, demonstrating that Spring Health delivers industry-leading improvement in depression and anxiety
