corp
L1
Spring Health
Sphere us
The metrics
- Posture med
- expanding 3 src →
- Capital · available med
- ~$443M cumulative VC raised across 5 documented rounds (seed $6M 2018 -> Series B $76M 2020 -> Series C $190M 2021 -> Series D $71M 2023 -> Series E $100M 2024); last-marked valuation $3.3B … 4 src →
- Capital · operating low
- no official revenue disclosed by Spring Health. Third-party estimate (GetLatka): ~$281.3M ARR (2025). Team scale ~3.5K employees (2025), up from ~2.6K (2024) — both directional proxies, not … 2 src →
- Capital · deployed low
- acquisition of Alma — CLOSED May-1-2026 (announced Jan-29-2026), folding Alma's clinician-insurance-billing network into Spring Health's employer/payer benefit business. Deal value: ONE … 3 src →
- Capital · in med
- pure financial-VC funding rounds (seed through Series E, no strategic-industrial investor identified in sources fetched this pass); Kinnevik led Series C (2021). 1 src →
- Capital · out med
- the Alma acquisition is the dominant 2025-2026 capital-out event (see deployed, above) — value unconfirmed (single low-confidence $1.5B mention, terms otherwise undisclosed). No other major … 1 src →
- Optionality med
- constrained — VC-backed private company, no IPO, board/investor oversight, runway-dependent between raises. No evidence found this pass of unusual founder/dual-class control or non-standard … 1 src →
- Gravity low
- ~$0.3-0.5B/yr — grounded in revenue/ARR scale, not gross covered-lives headlines. Spring Health standalone ARR ~$281.3M (2025 est., GetLatka) plus Alma's own ~$230M (2025 est.) now folded in … 3 src →
Projects & threads
·
The Funding Shift
capital flow
— developing · last seen 2026-07-23
· 5 entries
Full item history for Spring Health →
Vocabulary
