The funding surge feels very fad-like right now, which concerns me, as do the ballooning valuations. Lyra's matching technology and innovative digital platform connect members to a curated network of top . Lyra Health is a leading provider of innovative mental health benefits for more than 2.5 million global employees and dependents and is transforming mental health care by . BURLINGAME, Calif., June 14, 2021 /PRNewswire/ -- Lyra Health, the leading provider of comprehensive mental health care benefits for employers, today announced . Investor Contact: Addition led the round and was joined by new investors Durable Capital Partners LP, Fidelity Management & Research Company, and Baillie Gifford, along with other existing investors. The company has between 500 and 1000 employees and is backed by 20 investors. The Covid-19 pandemic and collective psychological fallout finally mainstreamed mental health. In 2015, Ebersman cofounded Lyra Health with two Venrock partners and Castlight investors, Bob Kocher and Bryan Roberts, as well as Dena Bravata, Castlight's chief medical officer. Competitors of Lyra Health include Spring Health, Twill, Strove, Valera Health, Alma, Brightline, Sanarai, TaskHuman, moka.care, Panda and 21 more. 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 . Type: Company - Private. Chris Metinko. I'm a senior writer covering healthcare technology. Calm offers a free app but also has a paid subscription offering which provides customers with access to a full library of meditation, music and sleep content. As part of the agreement, LianBio will also have the first right to obtain development and commercial rights in the licensed territories to Lyras LYR-220, an anti-inflammatory, intra-nasal, drug matrix in development for the treatment of CRS patients who have undergone a prior sinus surgery but continue to have persistent disease. Contact:Kaitlin Rebella[emailprotected](248) 318-4303, Cision Distribution 888-776-0942 Lyra separately announced today it has acquired ICAS World, an employee assistance program provider with operations in more than 155 countries. (Neither company can help people who are in a life-threatening mental health crisis and instead link to resources like the National Suicide Prevention Line.) . Zippia gives an in-depth look into the details of Lyra Health, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Lyra Health. Industry: Health Care Services & Hospitals. It was founded in 2010 and is based in Santa Monica, California. Venture Funding For Mental Health Startups Hits Record High As - Forbes To ensure the most secure and best overall experience on our website, we recommend the latest versions of. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. The company was founded in 2017 and is based in San Francisco, California. We are reaching out to the company and investors for a . Celebrity endorsements, like Olympic swimmer Michael Phelps campaign with virtual therapy startup Talkspace, started to chip away at the long standing stigma, while mindfulness apps like Calm offered meditation sessions at the click of a button. Calm started out as a direct-to-consumer mindfulness app with guided meditations and soothing soundtracks. Existing partners also participated in the funding round. 22 Shares. Developer of a digital health platform designed to transform mental health care through technology along with the human touch. Lyra quickly connects members to an exclusive network of evidence-based providers, mental health coaches, digital wellness tools, and personalized medication programs. Dragoneer has a history of partnering with management teams growing exceptional companies characterized by sustainable differentiation and superior economic models. Comparatively, just 24% of people who receive care through traditional health plans demonstrate reliable clinical improvement. By year-end, venture investors poured a record-setting $1.5 billion into mental health-related startups. Who are Lyra Health's competitors? 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. Personalize which data points you want to see and create visualizations instantly. BURLINGAME, Calif. , Jan. 19, 2022. This Series E round pushes the company to $475.1 million in total funding for a post money valuation of over $2 billion. When typing in this field, a list of search results will appear and be automatically updated as you type. Behavioral Unicorn Lyra Health Eyes More Corporate Customers, Continued Lyra Therapeutics and LianBio Announce Strategic Partnership and Lyra separately announced today new plans to enhance its international solutions. Lyras XTreo platform is comprised of a biocompatible mesh scaffold, an engineered elastomeric matrix and a versatile polymer-drug complex. Lyras lead product candidate, LYR-210, is in late-stage clinical development for the treatment of chronic rhinosinusitis and is designed to deliver up to six months of continuous anti-inflammatory drug therapy to the sinonasal passages. 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. Coatue Management, Dragoneer Investment Group, and Salesforce Ventures, Coatue Management, Institutional Venture Partners, Sands Capital, and Undisclosed Investors, Addition, Baillie Gifford & Co., Durable Capital Partners, Fidelity Investments, Institutional Venture Partners, Sands Capital, and Undisclosed Investors. Dr. . The company, which now has an enterprise division that sells to businesses, claims to help users reduce stress and sleep better. The company was formerly known as Happify Health and Happify. Lyra delivers clinically proven mental health care for employees and family members across all facets of mental health, from wellness and preventive care to the most severe conditions. Last August, the company cemented its . Analyst Briefing Submitters are 7x more likely to receive a qualified connection. For more information about Lyra Health's innovative mental health benefits for employers, visit lyrahealth.com. our sites and services. With this additional capital, Lyra will have the opportunity to further distinguish itself as the leader in mental health domestically and expand internationally to address a global need.". June 14, 2021 08:00 AM ET, BURLINGAME, Calif. Lyra Health, the leading provider of comprehensive mental health care benefits for employers, today announced it has completed a $200M financing. Many mental health providers choose to operate out of insurance networks, since the reimbursement rates are so low. Lyra Health has 36 investors including Castlight Health, Providence, Castlight Health and Venrock Associates. When typing in this field, a list of search results will appear and be automatically updated as you type. 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. Lyra Health's most recent revenue is from 2020. 212-600-1902 from 8 AM - 9 PM ET. If you or someone you know is thinking about suicide, please call the National Suicide Prevention Lifeline at 800-273-TALK (8255) or text the Crisis Text Line at 741-741. and other contracted partners to be your Lyra Care Navigator Team and deliver clinical services. The latest fundraising was led by investor hedge fund Coatue Management, with participation from new investor Sands Capital. For more information, please visit www.lianbio.com. ", "We are excited to welcome Robynne to our Board of Directors," said David Ebersman, Lyra Health CEO and co-founder. While Lyra has grown steadily since its founding in 2015, 2020 was quite the breakout year for Lyra, which more than doubled its customer base to over 2 million members and raised about $185 million across two different funding rounds.That funding helped push Lyra's total valuation above $1 billion, making it one of a very few unicorns in the behavioral health spaces. Argot Partners We are delighted to enter into this strategic alliance with LianBio to expand the global reach of LYR-210 for millions of CRS patients who need new and innovative treatment alternatives to surgery, said Maria Palasis, Ph.D., CEO of Lyra. 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. "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. Her deep expertise in finance and operations at leading global organizations will be significant assets for Lyra as we work together to provide a single source for effective mental health care for the worlds greatest companies., Transforming Access to Mental Health Care Around the World. Join us for Breakthrough, Lyras annual mental health conference, in San Francisco. LianBio This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. 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. The World Health Organization estimates that the loss in productivity due to depression and anxiety alone costs the global economy $1 trillion each year. About Lyra HealthLyra Health is the leading provider of Workforce Mental Health benefits, serving 10 million global employees and their dependents. 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. Lyra separately announced today new plans to enhance its international solutions. Spring Health provides personalized mental healthcare for employees' well-being. CBI websites generally use certain cookies to enable better interactions with our sites and services. When typing in this field, a list of search results will appear and be automatically updated as you type. Spring Health was founded in 2016 and is based in New York,New York. Lyra Health's valuation in June 2021 was $4,600M. About Lyra HealthLyra Health, a leading provider of innovative mental health benefits for more than 2 million U.S. employees and dependents, is transforming mental health care by creating a frictionless experience for members, providers, and employers.
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