Spring Health
Spring Health provides a mental health platform for employers, using proprietary technology to create personalized care plans for members.
Secondary Market Price
Secondary Market Price
How Spring Health Measures Up
To help you manage your Spring Health equity, Prospect has run the company through our machine learning model.
Prospect Rating
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This rating reflects our belief in this company's potential to grow to that many times its current value in 4 years. For an employee with stock, this rating suggests a potential return on equity, but it also comes with some risk.
Exit Risk
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Our rating is a reflection of the likelihood of this company achieving a liquidity event for its employees based on the quality of investors, funding stage, founders, and more.
Funding Stage
Series E
A company’s funding stage reflects how established it is, how quickly it is scaling, and the average impact an employee may have when joining.
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Prospect Projected Future Spring Health Prices
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Company Description
Spring Health provides a behavioral health benefits platform for employers, health plans, and channel partners. The company's solution serves as a single access point for various care options, including digital exercises, coaching, therapy, medication, and Employee Assistance Program (EAP) services. It utilizes a proprietary assessment and machine-learning technology to develop personalized care plans for members. Each user is assigned a Care Navigator to guide them through their options, assist with booking appointments, and connect them to experts for work-life, legal, or financial services. Founded in 2016 by April Koh and Adam Chekroud, the New York-based company has since expanded its offerings and developed its technology-driven approach to mental healthcare.
The company's stated future plans involve shifting the industry focus from benefit availability to measurable health outcomes and building a "Continuous Care" model to support members between appointments. Recent developments include a partnership with Ironworkers Local 103, providing union members and their families with eight therapy and eight coaching sessions per year at no cost. Spring Health also published a study in the Online Journal of Public Health Informatics, which analyzed data from nearly 53,000 members and reported improvements in depression and anxiety. In August 2024, the company closed a Series E funding round, raising $100 million.
- Generation Investment Management
- Kinnevik
- William K. Warren Foundation
- RRE Ventures
- Northzone
- Tiger Global
- The Guardian Life Insurance Company of America
- Rethink Impact
- Work-Bench
- SemperVirens
- Able Partners
- True Capital Ventures
- GingerBread Capital
- Operator Partners
- Kyle Lowry
- Breanna Stewart
- Co-Founder, April Koh
- Co-Founder, Adam Chekroud
- Co-Founder, Abhishek Chandra
Peer Group Comparison
Vs Peer Group of >$4B Startups
Frequently Asked Questions
Joining Anduril as an employee is another way to acquire equity, typically through stock options included in compensation packages.
Is Spring Health worth joining?
Deciding whether to join a company like Spring Health depends on various personal and professional factors. A significant part of your compensation may be equity, and understanding its potential future value is crucial for making an informed decision.
What should I do with my Spring Health stock?
The right strategy for your Spring Health stock depends on your personal financial goals, risk tolerance, and tax situation. Platforms like Prospect can help you model different scenarios and create a customized plan for exercising options, holding shares, or selling.
Can you sell Spring Health stock?
Yes, it is often possible to sell shares of a private company like Spring Health, usually during specific liquidity events like a tender offer or on a secondary market. However, there may be company-specific restrictions and transfer limitations to consider.
How can I find the value of my Spring Health stock?
Since Spring Health is a private company, its stock value isn't publicly listed and can be difficult to determine. Tools such as Prospect use predictive models and secondary market data to help you forecast the potential value of your equity holdings.
What is Spring Health's equity worth?
The precise value of private company equity like Spring Health's is not public information and fluctuates based on factors like company performance and investor demand. You can use specialized platforms to analyze your specific holdings and project their potential future worth based on various financial models.
What is Spring Health's stock ticker symbol?
As a private company, Spring Health does not have a stock ticker symbol. Ticker symbols are only assigned to companies when they become publicly traded on a stock exchange like the NYSE or NASDAQ.
Can I buy or sell Spring Health stock?
Selling private stock is often possible through company-approved tender offers or secondary markets, though restrictions may apply. Buying shares is generally limited to employees exercising their stock options or to accredited investors participating in private funding rounds.
What is the criteria to buy or invest in Spring Health stock?
Typically, the opportunity to buy stock in a private company like Spring Health is available to employees through equity compensation plans. Outside investors usually need to meet specific "accredited investor" criteria as defined by financial regulators to participate in private placements.
