Ginger joined the Unicorn Club on March 24, 2021, after raising a $100 million Series E funding round led by Blackstone, valuing it at $1.1 billion. Headquartered in San Francisco, California, United States, Ginger provides on-demand mental health solutions for individuals and organizations through a network of therapists, psychiatrists, and behavioral health coaches. The platform offers mental health coaching, therapy, psychiatric consultations, behavioral health advisory services, self-guided care, and a real-time emotional support app.
Keep reading to see how Ginger became a leading platform in digital mental health for employees and individuals.
What Is Ginger and What Does It Do?
Founded in 2011, Ginger provides a comprehensive mental health platform for employees and individual members. Services include mental health coaching, therapy sessions, psychiatry consultations, behavioral health guidance, and self-guided care programs. The platform also offers an emotional support app with real-time assistants, video therapy classes, and personalized programs to improve overall mental well-being.
How Much Funding Has Ginger Raised?
1. Series E Round
- Amount Raised: $100 million
- Date: March 24, 2021
- Valuation: $1.1 billion
- Lead Investor: Blackstone
- Purpose: Scale mental health services, expand platform features, and enhance employee health solutions
2. Earlier Rounds (Seed to Series D)
- Total Funding Before Series E: ~$120 million
- Key Investors: Convey Capital, Advance Venture Partners
- Purpose: Product development, platform expansion, and user acquisition
Total Funding Raised: ~$220 million
Latest Funding Date: March 24, 2021
Latest Known Valuation: ~$1.1 billion
Employee Count: 176 (as of December 31, 2020)
Key Investors
1. Convey Capital
- Details: Venture capital firm investing in growth-stage healthcare and technology companies.
- Focus Areas: Employee health IT, digital mental health, and wellness platforms.
2. Advance Venture Partners
- Details: Investment firm supporting early and growth-stage technology companies.
- Focus Areas: HRTech, behavioral health, and digital healthcare solutions.
Where Is Ginger’s Headquarters?
Ginger is headquartered in San Francisco, California, United States, where its teams focus on developing mental health platforms, providing therapy and coaching services, implementing employee wellness programs, and advancing digital healthcare technology.
What’s Next for Ginger?
Ginger plans to expand its digital mental health services, integrate new technology features in its app, and grow its employee health platform globally. The company aims to make mental healthcare more accessible, personalized, and proactive for both organizations and individual members.
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