Founded Year

2016

Stage

Series E | Alive

Total Raised

$467.2M

Valuation

$0000 

Last Raised

$100M | 1 yr ago

Mosaic Score
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

-32 points in the past 30 days

About Spring Health

Spring Health provides behavioral health benefits for employers, offering services that include digital exercises, employee assistance program (EAP) services, coaching, therapy, and medication management, which are based on assessments and machine-learning technology. The company serves employers, health plans, channel partners, consultants, and healthcare providers. It was founded in 2016 and is based in New York, New York.

Headquarters Location

60 Madison Avenue 2nd Floor

New York, New York, 10010,

United States

855-629-0554

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ESPs containing Spring Health

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Healthcare & Life Sciences / Care Delivery & Navigation Tech

The tele-psychiatry providers market utilizes technology to deliver remote mental health services to patients. This market includes platforms offering psychiatric consultations, therapy, and medication management through video conferencing and digital tools. Providers serve individuals, employers, educational institutions, and healthcare facilities with services ranging from crisis support to ongo…

Spring Health named as Leader among 15 other companies, including Teladoc Health, Talkspace, and Optum.

Spring Health's Products & Differentiators

    Precision Mental Healthcare

    Technology that accurately predicts the right treatment plan (the right care and the right time), including everything from therapy, meditation exercises, digital CBT resources, and coaching. All lead to faster outcomes, higher engagement, and healthier, more resilient individuals. 

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Research containing Spring Health

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Spring Health in 3 CB Insights research briefs, most recently on Sep 13, 2023.

Expert Collections containing Spring Health

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Spring Health is included in 9 Expert Collections, including HR Tech.

H

HR Tech

6,260 items

The HR tech collection includes software vendors that enable companies to develop, hire, manage, and pay their workforces. Focus areas include benefits, compensation, engagement, EORs & PEOs, HRIS & HRMS, learning & development, payroll, talent acquisition, and talent management.

U

Unicorns- Billion Dollar Startups

1,309 items

C

Conference Exhibitors

5,302 items

D

Digital Health

12,122 items

The digital health collection includes vendors developing software, platforms, sensor & robotic hardware, health data infrastructure, and tech-enabled services in healthcare. The list excludes pureplay pharma/biopharma, sequencing instruments, gene editing, and assistive tech.

T

Telehealth

3,123 items

Companies developing, offering, or using electronic and telecommunication technologies to facilitate the delivery of health & wellness services from a distance. *Columns updated as regularly as possible; priority given to companies with the most and/or most recent funding.

D

Digital Health 50

150 items

The winners of the third annual CB Insights Digital Health 150.

Latest Spring Health News

North America Chatbot-Based Mental Health Apps Market Analysis Report 2025-2032: Technology Advances Propel Growth with AI & Machine Learning Dominance - ResearchAndMarkets.com

Nov 12, 2025

Platform, By Country and Growth Forecast, 2025-2032" report has been added to ResearchAndMarkets.com's offering. The North America Chatbot-Based Mental Health Apps Market is expected to witness market growth of 15.9% CAGR during the forecast period (2025-2032). The US market dominated the North America Chatbot-Based Mental Health Apps Market by country in 2024, and is expected to continue to be a dominant market till 2032; thereby, achieving a market value of USD 1.47 billion by 2032. The Canada market is experiencing a CAGR of 17.9% during 2025-2032. Additionally, the Mexico market is expected to exhibit a CAGR of 17.5% during 2025-2032. The US and Canada led the North America Chatbot-Based Mental Health Apps Market by Country with a market share of 75.2% and 14% in 2024. Over the past ten years, the North American market for chatbot-based mental health apps has quickly grown from academic prototypes to mainstream digital health tools. Early tests showed that conversational agents could deliver evidence-based therapies like CBT, which opened the door to commercialization. The COVID-19 pandemic sped up the use of chatbots a lot. Health systems, insurers, and employers all added chatbot solutions because people were stuck at home and needed more care. Over time, the market split into consumer-facing apps that focused on privacy and engagement and clinically integrated tools that were made for screening, monitoring, and automating workflows. Hybrid models, which combine automated support with clinician oversight, became very important for making sure that both safety and reimbursement were possible. Recent trends in the market include adding chatbots to clinical workflows so that they can help with screening and care coordination while clinicians watch over them. Generative AI has made personalization and engagement better, but it has also made people more worried about privacy, safety, and therapeutic claims. Regulatory pressures now require clear proof of effectiveness, crisis plans, and ways to follow the rules. Vendors are using employer programs, health plan portals, and EHR integrations to reach more people. They are also using white-label and API-based models. There is a lot of competition in the market, with startups, AI-driven companies, and established teletherapy platforms all trying to get a piece of the action. To be successful, you need clinical validation, measurable outcomes, and trusted healthcare partnerships. Technology Outlook Based on Technology, the market is segmented into Machine learning & Deep learning, Natural Language Processing, and Other Technology. With a compound annual growth rate (CAGR) of 17.2% over the projection period, the Machine learning & Deep learning Market, dominate the Canada Chatbot-Based Mental Health Apps Market by Technology in 2024 and would be a prominent market until 2032. The Natural Language Processing market is expected to witness a CAGR of 18.2% during 2025-2032. Application Outlook Based on Application, the market is segmented into Depression & Anxiety Management, Stress Management, Meditation Management, Wellness Management, and Other Application. Among various US Chatbot-Based Mental Health Apps Market by Application; The Depression & Anxiety Management market achieved a market size of USD $183.9 Million in 2024 and is expected to grow at a CAGR of 14.3 % during the forecast period. The Wellness Management market is predicted to experience a CAGR of 16% throughout the forecast period from (2025 - 2032). Country Outlook The US is the leader in the North American market for chatbot-based mental health apps. This is because there are a lot of smartphones, good digital infrastructure, and a growing need for mental health support that is easy to get and doesn't come with a stigma. Adoption is driven by a growing mental health crisis, the integration of telehealth, wearable technology, and supportive government policies, as well as strong consumer interest in wellness technologies. Some of the most important trends are personalization powered by AI, natural language and voice interactions, gamification, corporate wellness integration, and content that is welcoming to all cultures. The market is competitive, with digital health companies, startups, and traditional providers setting themselves apart by making sure they follow the rules and keep data safe while also focusing on clinical validation, user experience, personalization, and ecosystem integration. Key Companies Profiled Touchkin eServices Private Limited (Wysa) Woebot Labs, Inc. (Woebot Health) Youper Inc. Limbic Limited Luka, Inc. (Replika) Hello Driven Pty Ltd Matellio Inc. Headspace, Inc. BytePlus Pte Ltd. Spring Care, Inc. (Spring Health) Market Report Segmentation Technology Machine learning & Deep learning Natural Language Processing Other Technology Device Smartphones Tablets Laptops/Desktops Wearables & Smart Devices Application Depression & Anxiety Management Stress Management Meditation Management Wellness Management Other Application Platform iOS Android Other Platform Country US Canada Mexico Rest of North America For more information about this report visit https://www.researchandmarkets.com/r/ny3rod About ResearchAndMarkets.com ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. View source version on businesswire.com: https://www.businesswire.com/news/home/20251112439588/en/ Contacts ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

Spring Health Frequently Asked Questions (FAQ)

  • When was Spring Health founded?

    Spring Health was founded in 2016.

  • Where is Spring Health's headquarters?

    Spring Health's headquarters is located at 60 Madison Avenue, New York.

  • What is Spring Health's latest funding round?

    Spring Health's latest funding round is Series E.

  • How much did Spring Health raise?

    Spring Health raised a total of $467.2M.

  • Who are the investors of Spring Health?

    Investors of Spring Health include William K. Warren Foundation, RRE Ventures, Northzone, Kinnevik, Generation Investment Management and 29 more.

  • Who are Spring Health's competitors?

    Competitors of Spring Health include Unmind, Ieso Digital Health, Resilience Lab, Brightside Health, Cognera Health and 7 more.

  • What products does Spring Health offer?

    Spring Health's products include Precision Mental Healthcare and 4 more.

  • Who are Spring Health's customers?

    Customers of Spring Health include Pepsi.

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Compare Spring Health to Competitors

Lyra Health Logo
Lyra Health

Lyra Health operates in workforce mental health care within the health benefits industry. The company provides a digital platform that connects employees to mental health providers and tools, utilizing artificial intelligence (AI) for provider matching and offering evidence-based support. Lyra Health serves employers seeking to provide mental health benefits and support employee well-being. It was founded in 2015 and is based in Burlingame, California.

Unmind Logo
Unmind

Unmind creates mentally healthy work environments across various sectors. The company offers tools and services to support mental health, utilizing a data-driven approach to provide personalized care and insights for organizational well-being strategies. Unmind primarily serves enterprises looking to enhance their employees' mental health and well-being. It was founded in 2016 and is based in London, United Kingdom.

Big Health Logo
Big Health

Big Health focuses on digital mental health care, providing services in the mental health sector. It offers digital programs aimed at improving sleep quality, managing anxiety, and enhancing mood through cognitive behavioral therapy. Big Health serves health systems, health plans, and employers with its mental health care platform. It was founded in 2010 and is based in San Francisco, California.

Headspace Logo
Headspace

Headspace offers a mental health application providing guided meditations, mindfulness tools, and sleep resources, alongside online therapy and coaching services. The company serves individuals and organizations looking for mental health solutions. It was founded in 2010 and is based in Santa Monica, California.

Foresight Mental Health Logo
Foresight Mental Health

Foresight Mental Health operates as a mental health organization. The company offers a range of mental health services, including therapy, psychiatry, and nutritional guidance, all aimed at supporting individuals on their path to mental wellness. The services primarily target individuals seeking mental health care. It was founded in 2018 and is based in Berkeley, California.

i
ifeel

ifeel provides online therapy services within the mental health sector. It allows individuals facing various life challenges, such as stress, anxiety, and depression, to connect with therapists through digital platforms. It was founded in 2017 and is based in Madrid, Spain.

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