Ginger Bags $50M in Series D Round of Financing

Today, more than 200 companies ranging from startups to Sanofi, Fortune 100s, including Delta Air Lines, Chegg, SurveyMonkey, Domino’s, and Sephora, partner with Ginger to provide employees with mental healthcare.

FREMONT, CA: Ginger, a San Francisco, CA-based on-demand mental healthcare company, closed $50m in Series D funding.

The company has raised total funding of over $120m. The latest funding round was led by Advance Venture Partners and Bessemer Venture Partners with active participation from Cigna Ventures and existing investors such as Jeff Weiner, Executive Chairman of LinkedIn, and Kaiser Permanente Ventures.

With this round, Ginger has welcomed 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 collaboration with Advance, a family-owned holding company with a diversified portfolio of exceptional media and technology companies. He has more than 20 years of experience investing in enterprise and consumer technology companies and currently a member of 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. Currently, he sits on the boards of leading digital health companies such as Artemis Health, Bright Health, Groups, Hinge Health, and Welltok.

Led by Russell Glass, CEO, Ginger is a telemental health provider delivering evidence-based behavioral health coaching, psychiatry and therapy from a smartphone. Today, more than 200 companies ranging from startups to Sanofi, Fortune 100s, including Delta Air Lines, Chegg, SurveyMonkey, Domino’s, and Sephora, partner with Ginger to provide employees with mental healthcare. Ginger members can access psychiatry sessions and virtual therapy as an in-network benefit through the company’s relationships with regional and national health plans, including Anthem California, Optum Behavioral Health, and Aetna Resources for Living.