Ginger, a provider of mental health telemedicine services through its app, raises $50 million in Series D funding round.
The round was 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.
Ginger provides end-to-end telemental health services to its members, including text-based behavioral health coaching, virtual video therapy, and video psychiatry services, through its app.
The members can access care through the Ginger app, which is available on Android and iOS. For members who need additional support can book a video appointment with a therapist or psychiatrist, or couch available in-app.
According to the company, over 200 companies, including Delta Air Lines, Sanofi, Chegg, Domino’s, SurveyMonkey, and Sephora, use its app to provide employees with quality mental healthcare services.
Ginger is offered as an employer-sponsored benefit to more than 200,000 employees. It is also provided as an in-network benefit through its relationships with regional and national health plans, including Optum Behavioral Health, Anthem California, and Aetna Resources for Living.
The company also launched three AI-enabled product features within Coach Hub, Ginger’s proprietary coaching platform, that help the company maintain the fastest time-to-service standard in the behavioral health industry.
“Our mental healthcare system has long been inadequate. But in the midst of a worldwide pandemic and a tumultuous sociopolitical climate, we are 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. Ginger is uniquely able to reverse the course of this crisis at scale. With this investment, we can accelerate our work to deliver incredible mental healthcare at a fraction of the cost to the hundreds of millions of people around the world who deserve it.”
Ginger, founded in 2010, has raised over $120 million to date, including a $35 million in Series C funding round in 2019.