Lyra separately announced today new plans to enhance its international solutions. Lyra Therapeutics, Inc. is a clinical-stage therapeutics company leveraging its proprietary XTreo platform to enable precise, sustained, local delivery of medications to diseased tissues not accessible with conventional therapeutic approaches. Kathryn Morris For more information about Lyra Healths innovative mental health benefits for employers, visit lyrahealth.com. 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 . 212-600-1902 914-204-6412 Lyra separately announced today it has acquired ICAS World, an employee assistance program provider with operations in more than 155 countries. WATERTOWN, Mass. Sisco is currently co-president and chief financial officer at Workday. "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 world's greatest companies.". Lyra General Information. The mental health benefits startup scored $187 million in new financing as it looks to expand its services and bring more technology to its platform. 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. 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.". LianBio 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. 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. Chris Metinko. Lyra is transforming mental health care using intelligent matching technology, concierge support, and an innovative digital platform to deliver a frictionless experience for members, providers, and employers. 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. (Annual sales and employees). 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. Email; Facebook; . 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. Lyra is dedicated to redefining access to high-quality mental healthcare for both individuals and employers on a global scale, said Sisco. There were 124 deals last year, compared to 69 deals in 2016. Lyra separately announced today it has acquired ICAS World, an employee assistance program provider with operations in more than 155 countries. 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. 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. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Emerson Collective and Salesforce Ventures are the most recent investors. When typing in this field, a list of search results will appear and be automatically updated as you type. The employee data is based on information from people who have self-reported their past or current employments at Lyra Health. Lyra also today announced the addition of Robynne Sisco to its Board of Directors. Products. Thats due to a combination of stigma, cost and access issues, coupled with a growing shortage of mental health providers. Before the pandemic, it was already estimated that less than half of adults and children living with mental health conditions in the U.S. went without any treatment. Lyra Health has 750 employees, and the revenue per employee ratio is $12,400. /PRNewswire/ -- Lyra Health, the leading provider of innovative Workforce Mental Health solutions for employers, today announced it has completed a $235M . Join us for Breakthrough, Lyras annual mental health conference, in San Francisco. A peer-reviewed study found Lyras Blended Care Therapy helped 83% of participants improve or recover from anxiety or depression. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. For more information, visit lyrahealth.com and follow us on LinkedIn, Facebook, and Twitter. This Series E round pushes the company to $475.1 million in total funding for a post money valuation of over $2 billion. Lyra is transforming mental health care using intelligent matching technology, concierge support, and an innovative digital platform to deliver a frictionless experience for members, providers, and employers. 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. Jan 28, 2021, 08:00 ET. That speaks to how hard access has been for most people for most of their life.. Get the full list, Youre viewing 5 of 10 board members. and our Code of Business Conduct and Ethics in the "Governance" section of the "Investors & News" page of our website located at www . Calm started out as a direct-to-consumer mindfulness app with guided meditations and soothing soundtracks. With the new funding, Lyra plans to accelerate its delivery of evidence-based mental health benefits for companies with employees located around the world. Additionally, 40% of workers feel employers don't support their mental health. The company, which now has an enterprise division that sells to businesses, claims to help users reduce stress and sleep better. We are reaching out to the company and investors for a . ", "We are excited to welcome Robynne to our Board of Directors," said David Ebersman, Lyra Health CEO and co-founder. 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.. Resources. Some, like San Francisco, Calif.-based Calm, valued at $2 billion, dont have a medical component. From 2016 to 2018, she served as a professor at the Center for Innovation for Global Health at Stanford University. One in five people struggle with mental health challenges such as anxiety, depression, or substance use disorder, said David Ebersman, Lyra Health CEO and co-founder. The latest fundraising was led by investor hedge fund Coatue Management, with participation from new investor Sands Capital. Sisco is currently co-president and chief financial officer at Workday. Lyra Health's valuation in June 2021 was $4,600M. 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. Lyra Health, a provider of mental health benefits for employees, has raised $200 million in the latest funding round, bringing its total valuation to $4.6 billion. "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. The digital behavioral-health-benefits platform Lyra Health announced today the closing of its Series E funding round worth $187 million. . Lyra Health is funded by 35 investors. Lyras 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. This is the only company I've ever worked with, where we don't have to do marketing, says Kocher. Lyra Health's latest funding round was a Series G for $235M on January 19, 2022. 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. In 2020, Lyra announced a partnership with Calm, the top mental fitness and resilience application, with more than 90 million downloads to date. In 2019, around 11% of U.S. adults reported experiencing symptoms of anxiety or depression, which skyrocketed to 42% by December 2020. About Dragoneer Investment GroupDragoneer is a growth-oriented investment firm with over $25 billion in long-duration capital. While the company may elect to update such forward-looking statements at some point in the future, it disclaims any obligation to do so, even if subsequent events cause its views to change. Note: Lyra Health's revenues are gauged from an analysis of company filings. Elizabeth Anderson, VP Communications and Investor Relations But it was the Covid-19 pandemic and collective psychological fallout that finally mainstreamed mental health. 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. Industry: Health Care Services & Hospitals. Based on Cognitive Behavioral Therapy principles, this immersive treatment model with ongoing support between sessions helps individuals improve faster. Lyra delivers mental health for employees and family members at leading multinational companies, including eBay; Genentech, a member of the Roche Group; Uber; and VCA Animal Hospitals. By continuing to use this site you are consenting to these choices. Lyra Health revenue is $9.3M annually. Lyra Health's most recent revenue is from 2020. Lyra's approach to mental health care has been proven to help members improve or recover faster and reduce medical claims costs for employers. PitchBooks comparison feature gives you a side-by-side look at key metrics for similar companies. Lyra provides evidence-based care that supports people across all facets of mental health, from wellness and preventive care to the most severe conditions. Competitors of Lyra Health include Spring Health, Twill, Strove, Valera Health, Alma, Brightline, Sanarai, TaskHuman, moka.care, Panda and 21 more. The companys current pipeline of therapeutics target tissues deep in the ear, nose and throat passages and are designed to deliver continuous drug therapy for months following a single non-invasive, in-office administration. We heard from HR and benefits leaders, benefits consultants, and Lyra experts on top-of-mind issues for mental health in the workplace. 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 about Lyra Health's innovative mental health benefits for employers, visit lyrahealth.com. Investor Activity Lyra Health has actively raised capital from investors. Developer of a digital health platform designed to transform mental health care through technology along with the human touch. "Lyra is dedicated to redefining access to high-quality mental healthcare for both individuals and employers on a global scale," said Sisco. 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. 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. BURLINGAME, Calif, Jan. 28, 2021 /PRNewswire/ -- Lyra Health, the leading provider of comprehensive mental health care benefits for employers, today announced a Series E . The Covid-19 pandemic and collective psychological fallout finally mainstreamed mental health. The data presented on this page does not represent the view of Lyra Health and its employees or that of Zippia. 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. Headspace develops an online membership platform offering guided meditation and mindfulness. For more information, visit lyrahealth.com and follow us on LinkedIn, Facebook, and Twitter. Constrained optimization for provider groups, Personalized adaptive risk assessment service, Co-Founder, Chief Executive Officer & Board Member, To view Lyras complete valuation and funding history, request access, To view Lyras complete cap table history, request access, Youre viewing 2 of 29 competitors. Lyra Health makes $25,479 in a day. 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. Find related and similar companies as well as employees by title and much more. With the new funding, Lyra plans to accelerate . Dr. . In January, Talkspace announced plans to go public in a SPAC deal valuing the company at $1.4 billion; the deal is expected to close later this year. Lyras approach to mental health care has been proven to help members improve or recover faster and reduce medical claims costs for employers.For more information, visit lyrahealth.com and follow us on LinkedIn, Facebook, and Twitter. and other contracted partners to be your Lyra Care Navigator Team and deliver clinical services. Resources. 2023 Lyra Health, Inc. works in partnership with Lyra Clinical Associates P.C. Investors of Lyra Health include Coatue Management, Dragoneer Investment Group, Salesforce Ventures, Institutional Venture Partners, Sands Capital and 19 more. 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. You can read more about your cookie choices at our privacy policyhere. 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 Health is the leading provider of Workforce Mental Health benefits, serving 10 million global employees and their dependents. 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. 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. 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. BURLINGAME, Calif. , Jan. 19, 2022. Coatue Management invested in Lyra Health's Series G funding round. 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. LianBio will be responsible for the clinical development and commercialization of LYR-210 in the licensed territories, and Lyra will retain all rights to LYR-210 in all other geographies. Investor Contact: 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. In April, KKR acquired a majority interest in the mental health electronic records software company Therapy Brands for an undisclosed amount. 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.

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