Cigna and Kaiser Permanente have participated in a $50m series D round for Ginger, bringing the MIT spinout's total funding to more than $120m.

Ginger, a US-based on-demand mental healthcare provider spun out of Massachusetts Institute of Technology, yesterday obtained $50m in a series D round co-led by Advance Venture Partners and Bessemer Venture Partners. Cigna Ventures and Kaiser Permanente Ventures, investment arms of health insurer Cigna and managed care consortium Kaiser Permanente, also took part, as did private…

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