Ginger, an MIT spinout providing app-based mental health coaching to workers, raises $35M
Mental health issues are thought to impact one in every five people in the US, and the stress of working life can be an exacerbating factor. Now, one of the startups that’s using technology to build ways to support this population has raised a significant round of funding to expand its platform to aid in getting them the help they need.
Ginger, a startup that works with organizations and their healthcare providers to provide employees with an-app based way to connect with coaches to talk through their issues and suggest ways forward, is today announcing that it has raised $35 million in a Series C round of funding, money that it will use both to expand the data science behind its therapy programs and the variety of its clinical programs; as well in terms of its business opportunities. The plan is to grow its service internationally and to more touch points beyond the employer channel, including those who access healthcare through health plans (which might include, potentially, countries with nationalised health services).
The funding is a Series C being led by WP Global Partners (an investment firm that backs both companies — for example, it also is an investor in