Spring Health valued at $3.3B

Spring Health has picked up a $100 million funding round. 

The mental health startup is valued at $3.3 billion, according to a July 31 news release. 

Founded in 2016, Spring Health contracts with employers and health plans to provide behavioral health care. More than 10 million people have access to the company's services, and it counts Microsoft, Target, J.P. Morgan Chase and Delta Airlines among its customers. 

"By providing world-class mental healthcare and decreasing overall employer spend on healthcare, we believe we're on track to build one of the world's most valuable companies," CEO April Koh said in the news release. 

The funding round was led by Generation Investment Management, a firm chaired by former vice president Al Gore. Kinnevik, William K, Warren Foundation, RRE and Northzone also participated. 

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