Blackstone Invests in Mental Health App at $1 Billion Value
- Ginger offers behavioral health services including coaching
- Blackstone is leading $100 million funding round in company
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Blackstone Group Inc. is leading a $100 million funding round in on-demand mental-health company Ginger, accelerating a push into fast-growing technology startups.
The funds will come out of the investment firm’s growth equity arm, Blackstone and Ginger said Wednesday. The stake values the San Francisco-based service at about $1 billion, vaulting it to unicorn status.