Lyra Health has a post-money valuation in the range of $1B to $10B as of Jan 19, 2022 . Lyra is trusted by leading companies, including Genentech, a member of the Roche Group; Uber; and VCA Animal Hospitals. More than 83% of U.S. employees are experiencing mental health issues, according to research Lyra Health conducted in 2020 in partnership with the National Alliance of Healthcare Purchaser Coalitions. Learn more. Join us for Breakthrough, Lyras annual mental health conference, in San Francisco. LianBios mission is to catalyze the development and accelerate availability of paradigm-shifting medicines to patients in Greater China and other major Asian markets through partnerships that provide access to the best science-driven therapeutic discoveries. Using matching technology and an innovative digital platform, Lyra quickly connects companies and their employees plus spouses and children to world-class therapists, mental health coaches, and personalized medication prescribing. In 2019, around 11% of U.S. adults reported experiencing symptoms of anxiety or depression, which skyrocketed to 42% by December 2020. Working at Lyra Health | Glassdoor kathryn@theyatesnetwork.com Lyra Health has 22 investors. With the new funding, Lyra plans to accelerate its delivery of evidence-based mental health benefits for companies with employees located around the world. When typing in this field, a list of search results will appear and be automatically updated as you type. It was founded in 2010 and is based in Santa Monica, California. Lyra Health Completes $200M Funding Round | Lyra Health Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. Date Investors Percent Raised Target Size; January 28, 2021: 33: 100%: Lyra Health has raised a total of $910.1M in funding over 8 rounds. LianBio collaborates with world-class partners across a diverse array of therapeutic and geographic areas to build out a pipeline based on disease relevance and the ability to impact patients with transformative mechanisms and precision-based therapeutics. Lyra currently serves more than 2.2 million members globally. Legal Name Lyra Health, Inc. Hub Tags Unicorn. Lyra@argopartners.com Join us for Breakthrough, Lyras annual mental health conference, in San Francisco. Lyra currently serves more than 2.2 million members globally. Lyra Health's announcement confirms an earlier report by The Information. U.S. Industry Overview & Market Statistics: INDEPENDENT SCHOOL GROUP LIFE & DISABILITY TRUST, Complete list of funding rounds and total amounts in the, EBIT (Earnings Before Interest and Taxes), Revenue from previous years (2010 to present), Funding from Venture Capital and Private Equity firms, Additional industries in which the company operates, What is the company's size? /PRNewswire/ -- Lyra Health, the leading provider of innovative Workforce Mental Health solutions for employers, today announced it has completed a $235M . Win whats next. Contact:Kaitlin Rebella[emailprotected](248) 318-4303, Cision Distribution 888-776-0942 Behavioral Unicorn Lyra Health Eyes More Corporate Customers, Continued Fidelity Management and Research Company Durable Capital Partners Baillie Gifford Lyra Health, a leading provider of innovative mental health benefits for more than 1 million U.S. employees and dependents, is transforming mental health care by creating a frictionless experience . Lyra Health Completes $235M Funding Round, led by Dragoneer, to Fuel In her distinguished career, Sisco has held senior finance roles at VMware, VeriSign, and Oracle and she brings to Lyra more than 30 years of experience in corporate finance, accounting operations, investor relations, legal, and procurement. Lyra plans to continue expanding Blended Care to serve a wide range of members and mental health challenges. The company has between 500 and 1000 employees and is backed by 20 investors. Seed: Venrock: Seed: Providence Health & Services: Series A: Origin Capital Management . Investors poured $1.5 billion into the market in 2020, but technology alone won't solve long standing problems like low reimbursement rates and provider shortages. "Delivering mental health care for diverse employee populations around the world is one of the most pressing and complex issues for employers today, and this new funding will help Lyra accelerate our plans to deliver comprehensive, global solutions.". The additional funds bring its total amount raised to more than $480 million and the company valuation to approximately $2.3 billion, according to a Lyra spokesperson. She says theres a misconception that just because mental health providers dont conduct physical exams that all they need is to see a patients face on a screen in order to be effective. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. "2020 put the need for mental health care transformation in sharp focus, as more people sought help during these extraordinary and difficult times," said David Ebersman, Lyra Health CEO and co-founder. Mental health is the defining problem of our time. The round was led by Addition and had . Claim your profile to get in front of buyers, investors, and analysts. Lyra General Information. BURLINGAME, Calif., June 14, 2021 /PRNewswire/ --Lyra Health, the leading provider of comprehensive mental health care benefits for employers, today announced it has completed a $200M financing. Dragoneer has a history of partnering with management teams growing exceptional companies characterized by sustainable differentiation and superior economic models. is betting on Lyra Health . The company was formerly known as Happify Health and Happify. For more information about Lyra Healths innovative mental health benefits for employers, visit lyrahealth.com. BURLINGAME, Calif., Jan. 19, 2022 /PRNewswire/ --Lyra Health, the leading provider of innovative Workforce Mental Health solutions for employers, today announced it has completed a $235M financing. There are now seven mental health unicorns in the U.S., up from two a year ago, buoyed by the flurry of digital health IPOs, SPAC deals and M&A activity. Lyra's innovative Blended Care Therapy pairs video counseling sessions, one-to-one messaging, and digital activities prescribed by the provider to support individuals in their everyday lives. When typing in this field, a list of search results will appear and be automatically updated as you type. Jan 28, 2021, 08:00 ET. Contact Email care@lyrahealth.com. Transforming Mental Health Care Lyra more than doubled its customer base in 2020 and extended its services to support more than 2 million members with comprehensive mental health care. You can access direct insights and strategies from . Benefits Unicorn Lyra Health Raises $200M Series F at $4.6B Valuation Lyra Health's latest funding round was a Series G for $235M on January 19, 2022. Lyra's co-founder and CEO, David Ebersman, left his job as Meta's chief financial officer in 2014 to tackle the problem by making it easier to find and get treatment and . Thats due to a combination of stigma, cost and access issues, coupled with a growing shortage of mental health providers. San Francisco-based 6sense closed a $200 million Series E co-led by new investors Blue Owl and MSD Partners at a $5.2 billion valuation . None of the information on this page has been provided or approved by Lyra Health. Ive known David for over 10 years, and his focus on one of the worlds most important topics, addressing and solving mental health care, is truly inspiring, said Marc Stad, Founder and Managing Partner at Dragoneer. We are reaching out to the company and investors for a . Lyra Health peak revenue was $9.3M in 2022. As the demand for mental health care accelerates worldwide, I am honored to join them in the quest to deliver a powerful support system for companies and their employees., We are excited to welcome Robynne to our Board of Directors, said David Ebersman, Lyra Health CEO and co-founder. In clinical studies conducted to date, LYR-210 has demonstrated six months of clinically meaningful symptom improvement following a single administration in patients with and without polyps. Around one in four Americans dont have access to in-network therapists, according to the National Alliance on Mental Illness. Lyra Health's deal structure is available for 7 funding rounds, including their Series G from January 19, 2022. About Lyra HealthLyra Health is the leading provider of Workforce Mental Health benefits, serving 10 million global employees and their dependents. A peer-reviewed study found Lyra's Blended Care Therapy helped 83% of participants improve or recover from anxiety or depression. Gold recognizes that the U.S. mental healthcare system is broken and is all for getting vulnerable patients the help they need. Any such forward-looking statements represent managements estimates as of the date of this press release. Press | Lyra Health With the new funding, Lyra plans to accelerate . The company was founded in 2017 and is based in San Francisco, California. I understand from both a business perspective and a needs perspective why [startups] are interested in mental health right now, she says, but the potential to really prey on that need, or worse, the patients, terrifies me.. Emerson Collective and Salesforce Ventures are the most recent investors. For more information, please visit www.lianbio.com. Lyra Health's valuation in June 2021 was $4,600M. Comparatively, just 24% of people who receive care through traditional health plans demonstrate reliable clinical improvement. "The traditional mental health care system cannot address the critical needs people have today. Dr. . January 19, 2022 08:00 AM EDT, BURLINGAME, Calif. Lyra Health, the leading provider of innovative Workforce Mental Health solutions for employers, today announced it has completed a $235M financing.Dragoneer led the round and was joined by new investor Salesforce Ventures along with existing investor Coatue.
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