Wilson Sonsini Advises Ginger on $100 Million Series E Financing

On March 24, 2021, Ginger, the on-demand mental health company, announced a $100 million Series E financing round led by funds managed by Blackstone Growth. This latest round of investment will bring the company’s total funding to over $220 million, after tripling its revenue growth over the past year. Wilson Sonsini Goodrich & Rosati represented Ginger in the transaction.

Over 10 million people have access to Ginger in over 40 countries around the world through the company’s partnerships with innovative employers, health plans, and strategic partners. Currently, over 500 employers ranging from startups to Fortune 100s, including ViacomCBS, Delta Air Lines, Domino’s, SurveyMonkey, Axon, 10x Genomics, and Sephora, partner with Ginger to cost-efficiently provide employees with high-quality mental healthcare. The company also works with strategic partners like Accolade and Capsule, and 30 integrated health systems and health plans.

With this latest round of funding, Ginger plans to continue expanding access to value-based mental healthcare through additional partnerships with multinational employers and health plans. In the first half of the year, the company also plans to extend its reach to support underserved populations through new government payer relationships and collaborations with non-profit organizations. In addition, this funding will enable Ginger to continue its acquisition of innovative technologies and clinical services to improve and scale its on-demand mental health system.

The Wilson Sonsini team that advised Ginger on the transaction includes Steve Bochner, Melissa Rick, and Joan Moses.

For more information, please see Ginger's press release.