Ginger, the leader in on-demand mental healthcare, announced a $50 million Series D funding round led by Advance Venture Partners and Bessemer Venture Partners. Additional participants include Cigna Ventures and existing investors such as Jeff Weiner, Executive Chairman of LinkedIn, and Kaiser Permanente Ventures. This latest round of investment brings the company’s total funding to over $120 million.
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@ginger_io has announced $50 million in Series D funding to bring high-quality, cost-effective #mentalhealth care to hundreds of millions of people around the world.
Millions of people have access to Ginger through the company’s partnerships with innovative employers, health plans, and strategic partners. Today, over 200 companies ranging from startups to Fortune 100s, including Delta Air Lines, Sanofi, Chegg, Domino’s, SurveyMonkey, and Sephora, partner with Ginger to cost-efficiently provide employees with high-quality mental healthcare. Ginger members can also access virtual therapy and psychiatry sessions as an in-network benefit through the company’s relationships with leading regional and national health plans, including Optum Behavioral Health, Anthem California, and Aetna Resources for Living.
“At Cigna Ventures, we are committed to investing in bold, new ways to make high-quality healthcare simpler and more affordable,” said Sahil Choudhry, Managing Director, Cigna Ventures. “We believe that Ginger is well positioned to make this a reality in mental healthcare and look forward to supporting their efforts to expand access to this innovative model.”
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With this funding round, Ginger has added David ibnAle and Steve Kraus to its Board of Directors:
- David ibnAle is a Founding Partner of Advance Venture Partners (AVP), an investment firm built in partnership with Advance, a family-owned holding company with a diversified portfolio of exceptional media and technology companies. David has over 20 years of experience investing in enterprise and consumer technology companies and currently sits on the boards of high-growth software companies such as Affinity, PebblePost and Morning Consult.
- Steve Kraus is a Partner at Bessemer Venture Partners and leads their healthcare investment practice. He currently sits on the boards of leading digital health companies such as Bright Health, Hinge Health, Artemis Health, Groups and Welltok. Steve has been recognized by Forbes as one of the top healthcare investors in the industry.
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