Spring Health Inc. has acquired the family wellness-focused startup Weldon for an undisclosed amount.
The New York City-based B2B-focused mental health startup announced Wednesday that the acquisition of Weldon expands its platform into the family wellness and mental health space.
The co-founders of Weldon — siblings Mark Burrell and Lynn Burrell — will join Spring health’s product team, according to a news release.
“The pandemic exacerbated the mental health crisis for parents and children, accelerating the need for us to be a one-stop solution for family mental healthcare across a broad spectrum of ages and needs,” April Koh, Spring Health co-founder and CEO, said in the release. “We are fortunate to have Mark and Lynn joining us, bringing their expertise and deep knowledge of the unique struggles parents, and families as a whole, are facing.”
Spring Health has recently expanded its services to include children as young as 6 years old. The Weldon deal adds more family-focused mental health professionals and services that help families deal with issues such as sleep, behavior, handling conflicts, grief, development, neurodiversity and screen time issues.
Adam Chekroud, co-founder and president of Spring Health, said in the release that the company’s family and child services offerings are finding traction in all 50 states and that patients on average are able to reach these services in 2.2 days.
Founded in 2019, Weldon offers on-demand content, live workshops, group sessions, and community and support services. It acquired Family Five Pte Ltd and its app Family5 in 2021 to enhance its tech platform.
Spring Health, founded in 2016, has one of the highest valuations among digital mental health companies at $2 billion as of the end of 2021. It also had one of the largest funding of 2o21, securing $190 million in a Series C round led by Swedish growth investment firm Kinnevik.
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