On September 16, 2021, Spring Care, Inc closed the transaction. The company has received $190,000,000 in a round of funding led by new investor Kinnevik AB on September 16, 2021. The company has issued equity as well as debt in the transaction. The transaction included participation from new investor The Guardian Life Insurance Company of America, returning investors Tiger Global Management, LLC, Northzone Ventures, RRE Ventures LLC, Rethink Impact Management, LLC, The William K. Warren Foundation, SemperVirens VC, _Able Partners NYC, LLC, True Capital Management, LLC, and Work-Bench Ventures. Kinnevik AB has subscribed for $100,000,000 for 5% stake in the transaction. As part of the round, Christian Scherrer from Kinnevik AB will be joining company's board of directors. The company has raised $300,000,000 of funding till date. The round is raised at the post money valuation of $2,000,000,000. The company has received $133,999,805 from 12 investors pursuant to Regulation Dre.