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Ginger Announces $100 Million Series E Financing from Blackstone to Bring Value-Based Mental Healthcare to Millions of Employees and Health Plan Members

Mar 24, 2021•over 4 years ago

Amount Raised

$100 Million

Round Type

series e

San Francisco

Description

Ginger, the on-demand mental health company, today announced a $100 million Series E financing round led by funds managed by Blackstone Growth (“Blackstone Growth”). This latest round of investment will bring the company’s total funding to over $220 million, on the heels of approximately 3x revenue growth over the past year.

Company Information

Company

Ginger

Location

San Francisco, California, United States

About

At Ginger, we believe that everyone deserves access to incredible mental healthcare. The Ginger app provides members with access to unlimited self-guided care and 24/7 on-demand coaching, as well as video-based therapy and psychiatry support. Ginger’s care providers work as a team to deliver high-quality care in a value-based model that helps members get better faster, and reduces costs for everyone. Over 10 million people have access to Ginger through leading employers, health plans, and partners. Ginger is recognized by The World Economic Forum as a Technology Pioneer, by Fast Company as one of the Most Innovative Companies in Healthcare, and by UCSF Digital Health Awards as 2020’s leading Mental Health Company. Learn more about our vision to build a world where mental health is never an obstacle at ginger.com or find us on Twitter at @CareByGinger.

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Funding Insights

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Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech