Is Lyra Health a public company? Crazy indeed. View Lyra Health (www.lyrahealth.com) location in California, United States , revenue, industry and description. Despite federal laws requiring mental health to be reimbursed at the same rates as physical illness, many people with insurance still face hurdles, from long wait times to denial of claims battles. "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. Investor Activity Lyra Health has actively raised capital from investors. site you are consenting to these choices. Elizabeth Anderson, VP Communications and Investor Relations Copyright 2023 CB Information Services, Inc. All rights reserved. Lyra's curated network includes more than 5,000 coaches, therapists, and doctors in the U.S., with an additional 85,000 providers available worldwide through global partnerships. When typing in this field, a list of search results will appear and be automatically updated as you type. . The platform offers scientifically-backed tools and training for healthier, happier, more human organizations. "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.". Lyra Health's annual revenues are $100-$500 million, 5416 Management, Scientific & Technical Consulting Services. Lyra Health's latest funding round was a Series G for $235M on January 19, 2022. Many of these startups partner with research institutions to publish studies, but no one has performed a head-to-head comparison of the market. Lyra and San Francisco-based Modern Health can only be accessed through an employer arrangement, while New York-based Talkspace and Mountain View, Calif.-based BetterHelp have websites where anyone can fill out a questionnaire and schedule an appointment. Lyra is dedicated to redefining access to high-quality mental healthcare for both individuals and employers on a global scale, said Sisco. Investor Name . You're more than your latest funding, tell our customers your company's story. Gold recognizes that the U.S. mental healthcare system is broken and is all for getting vulnerable patients the help they need. Kathryn Morris 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. Burlingame, California-based Lyra, valued at $2.3 billion in a January funding round, is specifically targeting large employers with customers including Morgan Stanley, eBay and Genentech. The Series F was led by Coatue and values the company at an astounding $4.6 billion. 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.". For more information, visit lyrahealth.com and follow us on LinkedIn, Facebook, and Twitter. Lyra Health and commercializing the behavioral health sector - FlowBank You can read more about your cookie choices at our privacy policyhere. Lyra Health. For more information about Lyra Health's innovative mental health benefits for employers, visit lyrahealth.com. With the new funding, Lyra will accelerate its delivery of comprehensive, evidence-based, culturally responsive mental health care benefits for employees and their families around the world. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, Lyra Health Study Finds Managers Struggling to Handle Employee Mental Health Concerns. The Covid-19 pandemic and collective psychological fallout finally mainstreamed mental health. Working at Lyra Health | Glassdoor (Annual sales and employees). Lyra 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 . 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. Argot Partners About Dragoneer Investment GroupDragoneer is a growth-oriented investment firm with over $25 billion in long-duration capital. Lyra's matching technology and innovative digital platform connect members to a curated network of top . Unmind operates as a workplace mental health platform. These investors may include private investors, venture capital firms, or other investment vehicles. Mental health issues are much more pervasive than is commonly known, and Lyra is thoughtfully redefining access to care by providing broad-based solutions through employers. . Lyra's second annual Breakthrough conference was an enormous success, with over 2,000 registrants coming together to reimagine mental health. Lyra Health's valuation in June 2021 was $4,600M. Additionally, 40% of workers feel employers don't support their mental health. But it was the Covid-19 pandemic and collective psychological fallout that finally mainstreamed mental health. Media Contact: With the new funding, Lyra plans to accelerate its delivery of evidence-based mental health benefits for companies with employees located around the world. Get the full list, Youre viewing 5 of 10 board members. 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. Some, like San Francisco, Calif.-based Calm, valued at $2 billion, dont have a medical component. 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. Lyra Health's announcement confirms an earlier report by The Information. Competitors of Lyra Health include Spring Health, Twill, Strove, Valera Health, Alma, Brightline, Sanarai, TaskHuman, moka.care, Panda and 21 more. Jessi Gold, a psychiatrist and assistant professor at Washington University in St. Louis, has been conducting virtual appointments but prefers to see patients in person. Lyra Health's latest post-money valuation is from January 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 . 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. 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. Dragoneer has a history of partnering with management teams growing exceptional companies characterized by sustainable differentiation and superior economic models. About Lyra Health Venture Funding For Mental Health Startups Hits Record High As - Forbes The company's platform connects members to a curated network of therapists and coaches through live video therapy, coaching and digital self-care tools, resulting in faster access to care and better outcomes than traditional plans . It was founded in 2012 and is based in New York, New York. By continuing to use this site you are consenting to these choices. . Low-income or rural communities without sufficient broadband access are still at a loss, and there will continue to be a nationwide shortage of providers and issues with reimbursement. 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. Bob Kocher, a partner at Venrock, is betting on Lyra Health, the company he co-founded in 2015 alongside former Facebook CFO David Ebersman, to take off. Investor Contact: Lyra Health, a leading provider of innovative mental health benefits for more than 2.2 million global employees and dependents, is transforming mental health care by creating a frictionless experience for members, providers, and employers. Lyra plans to continue expanding Blended Care to serve a wide range of members and mental health challenges. Dragoneer has been an investor in companies such as Airbnb, Alibaba, Atlassian, AppFolio, Bytedance, Carbon Health, Ceridian, Chime, Datadog, Doordash, Duck Creek, Livongo, Maven, PointClickCare, Procore, Slack, Samsara, ServiceTitan, Snowflake, Spotify, Uber, UiPath, and others. For more information about Lyra Health's innovative mental health benefits for employers, visitlyrahealth.com. 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. Innovative, Clinically Proven Mental Health Care for Members WorldwideLyra provides evidence-based care that supports people across all facets of mental health, from wellness and preventive care to the most severe conditions. Chris Metinko. January 21, 2022. The World Health Organization estimates that the loss in productivity due to depression and anxiety alone costs the global economy $1 trillion each year. After extensive research and analysis, Zippia's data science team found the following key financial metrics. "The traditional mental health care system cannot address the critical needs people have today. The data presented on this page does not represent the view of Lyra Health and its employees or that of Zippia. Lyra separately announced today new plans to enhance its international solutions. Thats due to a combination of stigma, cost and access issues, coupled with a growing shortage of mental health providers. With an estimated 88 million adult CRS patients in China alone, we believe LYR-210 has the potential to address a significant unmet medical need and meaningfully improve the standard of care for patients in Asia.. Lyra Health Completes $200M Funding Round to Transform Mental Health Apr 18, 2022. When typing in this field, a list of search results will appear and be automatically updated as you type. 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. The latest fundraising was led by investor hedge fund Coatue Management, with participation from new investor Sands Capital. and other contracted partners to be your Lyra Care Navigator Team and deliver clinical services. Lyra Health Completes $235M Funding Round, led by Dragoneer, to Fuel Dragoneer led the round and was joined by new investor Salesforce Ventures along with existing investor Coatue. Lyra separately announced today it has acquired ICAS World, an employee assistance program provider with operations in more than 155 countries. Description. The company operates a business-to-business (Headspace for Work) to offer its mindfulness products and services to sectors such as government entities, nongovernmental organizations, and National Health Service (NHS) to offer digital mental health tools. Note: Lyra Health's revenues are gauged from an analysis of company filings. Lyras curated network includes more than 5,000 coaches, therapists, and doctors in the U.S., with an additional 85,000 providers available worldwide through global partnerships. 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. 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. Investors Dragoneer . according to the National Alliance on Mental Illness. from 8 AM - 9 PM ET. Nearly 1 billion people worldwide suffer from a mental health disorder, yet more than 70% of people dont have access to the care they need. 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. The round was led by Addition and had . 22 Shares. Lyra is trusted by leading companies, including Genentech, a member of the Roche Group; Uber; and VCA Animal Hospitals. Chris Metinko. That speaks to how hard access has been for most people for most of their life.. In 2020, mental health startup funding was 5.5 times the $275 million investors ponied up four years earlier, according to data from CB Insights. Lyra Health is getting attention because of its . The World Health Organization estimates that the loss in productivity due to depression and anxiety alone costs the global economy $1 trillion each year. Get the full list, To view Lyras complete patent history, request access, Youre viewing 5 of 16 executive team members. Solutions. Lyra is now able to directly support more than 2 million members as we enable employers to offer their people easy, effective access to clinically proven mental health care. Lyra hit unicorn status in 2020 in a pandemic-fueled funding round, and Modern Health, BetterUp and Ginger joined the club in 2021. 2023 State of Workforce Mental Health Report, Why Culturally Responsive Care Must Be Part of Your Mental Health Benefits Strategy, Diversity, Equity, Inclusion, and Belonging, Limit the Use of My Sensitive Personal Information. 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 . For more information, visit lyrahealth.com and follow us on LinkedIn, Facebook, and Twitter. LYR-210 is an anti-inflammatory, intra-nasal drug matrix in late-stage development that is designed to treat chronic rhinosinusitis (CRS), a debilitating inflammatory disease of the nasal passages. There's a lot more to emotions and connecting with people, reading people and diagnosing people than just looking at their face, says Gold, who is also a Forbes contributor. Contact Email care@lyrahealth.com. LYR-210 is an investigational product candidate that utilizes Lyras proprietary XTreo platform to enable six months of local anti-inflammatory therapy from a single treatment for chronic rhinosinusitis (CRS). Lyra quickly connects members to an exclusive network of evidence-based providers, mental health coaches, digital wellness tools, and personalized medication programs. 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. Sisco is currently co-president and chief financial officer at Workday. ", "We are excited to welcome Robynne to our Board of Directors," said David Ebersman, Lyra Health CEO and co-founder. Intrepid investors started dabbling in mental healthcare over the past few years as part of a broader digital health funding boom, but many remained wary. "Mental health issues are much more pervasive than is commonly known, and Lyra is thoughtfully redefining access to care by providing broad-based solutions through employers. Spring Health provides personalized mental healthcare for employees' well-being. The startups take different approaches to connecting users with mental health services. This Series E round pushes the company to $475.1 million in total funding for a post money valuation of over $2 billion. Funding, Valuation & Revenue. By year-end, venture investors poured a record-setting $1.5 billion into mental health-related startups. This new funding will help Lyra deliver comprehensive and culturally responsive mental health care for organizations and their employees and families," said Ebersman. and our Code of Business Conduct and Ethics in the "Governance" section of the "Investors & News" page of our website located at www . Find related and similar companies as well as employees by title and much more. 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? (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.) Leading self-insured employers partner with Lyra to tailor value-driven mental health benefits programs specific to their workforce. Lyra Health has 22 investors. Last August, the company cemented its . BURLINGAME, Calif. , Jan. 19, 2022. For more information about Lyra Healths innovative mental health benefits for employers, visit lyrahealth.com. Press | Lyra Health With Lyra, benefits leaders can offer employees fast, reliable access to providers who practice evidence-based mental health care treatments. Lyra Health | LinkedIn Claim your profile to get in front of buyers, investors, and analysts. Lyra Health Hits $1.1 Billion Valuation, As Coronavirus Boosts - Forbes But venture capital-backed technology startups alone wont solve the complicated morass of weak insurance coverage, crazy administrative hoops for patients in distress and clinicians burned out from carrying the weight of Americas pain. WATERTOWN, Mass. 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. Investors Security Type; CASTLIGHT HEALTH, INC. Company Type For Profit. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Investor Contact: Their latest acquisition was ICAS World on January 19, 2022. Lyra provides evidence-based care that supports people across all facets of mental health, from wellness and preventive care to the most severe conditions. Jun 14, 2021, 08:00 ET. The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution. Lyra separately announced today it has acquired ICAS World, an employee assistance program provider with operations in more than 155 countries. Lyra currently serves more than 2.2 million members globally. Lyra Health takes a personalized approach to mental healthcare, ensuring that every member has access to self-help resources, coaches, and therapists, whenever they need them. A peer-reviewed study found Lyras Blended Care Therapy helped 83% of participants improve or recover from anxiety or depression. 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.. Sisco is currently co-president and chief financial officer at Workday. Learn more. Sign up for a free trial to see Lyra Health's valuations in January 2022, January 2021, August 2020 and more. LianBio Lyra Health has raised a total of $910.1M in funding over 8 rounds. Coatue led the round and was joined by new investor Sands Capital, along with existing investors. BURLINGAME, Calif, Jan. 28, 2021 /PRNewswire/ --Lyra Health, the leading provider of comprehensive mental health care benefits for employers, today announced a Series E financing round of $187 million. For more information, please visit www.lyratherapeutics.com and follow us on LinkedIn and Twitter. "Providing high-quality mental health care for diverse employee populations around the world is one of the most critical and challenging issues for employers today. The only thing that is under-treated in American healthcare is mental health care, says Kocher, adding that historically mental health businesses havent been profitable. 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. The company was formerly known as Happify Health and Happify. The digital behavioral-health-benefits platform Lyra Health announced today the closing of its Series E funding round worth $187 million. In 2016, more than half of the counties in the U.S. didnt have a single psychiatrist. 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. 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. DEF 14A - sec.gov Providing high-quality mental health care for diverse employee populations around the world is one of the most critical and challenging issues for employers today. Benefits Unicorn Lyra Health Raises $200M Series F at $4.6B Valuation When typing in this field, a list of search results will appear and be automatically updated as you type. About Lyra HealthLyra Health, a leading provider of innovative mental health benefits for more than 2.2 million global employees and dependents, is transforming mental health care by creating a frictionless experience for members, providers, and employers. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, Lyra Health Study Finds Managers Struggling to Handle Employee Mental Health Concerns. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, Lyra Health Study Finds Managers Struggling to Handle Employee Mental Health Concerns. The publication initially broke the news back in May, according to two people familiar with the deal. Lyra Health - Overview, News & Competitors | ZoomInfo.com Lyra Health has 36 investors including Castlight Health, Providence, Castlight Health and Venrock Associates. From 2016 to 2018, she served as a professor at the Center for Innovation for Global Health at Stanford University. from 8 AM - 9 PM ET. Lyra Health may also be known as or be related to Lyra Health, Lyra Health Inc and Lyra Health, Inc. COIT Cleaning and Restoration Services Careers, Senior Software Engineer jobs at Lyra Health, Customer Success Manager jobs at Lyra Health, Employee Relations Specialist jobs at Lyra Health. Lyra Health's latest funding round was a Series G for $235M on January 19, 2022. Lyra Health has a post-money valuation in the range of $1B to $10B as of Jan 19, 2022 . Mental wellness platform Lyra Health is raising up to - TechCrunch It also noted that Lyra Health's most recent price per share is $27.47, an up round from the Series D, which priced shares at $14.21. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Lyra General Information. It uses an assessment and machine-learning technology to understand all of the conditions of person may be experiencing and uses those results to match them to a care plan personalized to their needs. Lyra Health's revenue is $9.3 Million - Learn more about Lyra Health's revenue by exploring their annual revenue, historical revenue, quarterly revenue, and revenue per employee. While there is widespread agreement that improving access to mental health services is sorely needed, the explosion of funding and sky high valuations means consumers and clinicians are left to sort through hundreds of options without a good sense of which will work and which are just hype. Lyra Health's latest post-money valuation is from January 2022. Company appoints Robynne Sisco to Board of Directors. A peer-reviewed study found Lyra's Blended Care Therapy helped 83% of participants improve or recover from anxiety or depression. Lyra Company Profile: Valuation & Investors | PitchBook LYR-210 is designed as a non-invasive alternative to sinus surgery for the millions of CRS patients who have failed medical management. Funding. Lyra Health Expert Review, Pricing, Alternatives - 2023 Coatue led the round and was joined by new investor Sands Capital, along with existing investors. The Week's 10 Biggest Funding Rounds: Lyra Health Gets Large Raise To Boost Mental Health, Clari Sees $225M To Manage Revenue.

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