Ginger Announces $50 Million in Series D Funding to Expand Access to the World’s First On-Demand Mental Healthcare System
Summary
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. “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.” With this funding round, Ginger has added David ibnAle and Steve Kraus to its Board of Directors: “AVP invests in companies that are using technology to tackle large-scale, global challenges and transform traditional businesses and business models,” said David ibnAle, Founding Partner of Advance Venture Partners. According to Ginger’s 2020 Workforce Attitudes Toward Mental Health Report, nearly 70 percent of U.S. workers believe this is the most stressful period of their careers, including major events like the September 11 terror attacks, the 2008 Great Recession and others. But in the midst of a worldwide pandemic and a tumultuous sociopolitical climate, were facing uncharted territory," said Russell Glass, CEO, Ginger, "People are demanding better care, and the largest payers of healthcare are recognizing the need to respond. Our on-demand system brings together behavioral health coaches, therapists, and psychiatrists, who work as a team to deliver personalized care, right through your smartphone.
Funding
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