Join us for Breakthrough, Lyras annual mental health conference, in San Francisco. For more information, visit lyrahealth.com and follow us onLinkedIn, Facebook, and Twitter. 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. 2023 PitchBook. 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. 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. 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. Chris Metinko. The LianBio team has deep expertise in drug development and is well positioned to successfully commercialize LYR-210 in these Asian territories. 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. Theres no slowdown in sight, with funding in the first quarter of 2021 topping $795 million as startups continue to jockey for post-pandemic market dominance. 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. Lyra Health Completes $235M Funding Round, led by Dragoneer, to Fuel While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. Lyra Health completes $187M Series E round and expands - MobiHealthNews 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 led the round and was joined by new investor Sands Capital, along with existing investors. With Lyra, benefits leaders can offer employees fast, reliable access to providers who practice evidence-based mental health care treatments. Join us for Breakthrough, Lyras annual mental health conference, in San Francisco. Calm started out as a direct-to-consumer mindfulness app with guided meditations and soothing soundtracks. Lyra Blended Care is scalable and extensible, leveraging technology to deliver better care quality and clinical outcomes, while reducing the cost of care. Dragoneer led the round and was joined by new investor Salesforce Ventures along with existing investor Coatue. 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. 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 . 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.. is betting on Lyra Health . Gold recognizes that the U.S. mental healthcare system is broken and is all for getting vulnerable patients the help they need. It was founded in 2012 and is based in New York, New York. Behavioral Unicorn Lyra Health Eyes More Corporate Customers, Continued Lyra Health | LinkedIn 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. 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. and other contracted partners to be your Lyra Care Navigator Team and deliver clinical services. Calm provides a relaxation and self-improvement service accessible through its website and mobile application. From 2016 to 2018, she served as a professor at the Center for Innovation for Global Health at Stanford University. 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. BURLINGAME, Calif., June 14, 2021 /PRNewswire/ -- Lyra Health, the leading provider of comprehensive mental health care benefits for employers, today announced . Many of these startups partner with research institutions to publish studies, but no one has performed a head-to-head comparison of the market. The next mental health startup to reach a billion dollar valuation was Calm in 2019. Lyra Health now worth $2.3B on heels of . 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 Health revenue is $9.3M annually. 2023 Lyra Health, Inc. works in partnership with Lyra Clinical Associates P.C. Lyra separately announced today it has acquired ICAS World, an employee assistance program provider with operations in more than 155 countries. By continuing to use this site you are consenting to these choices. 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. For more information, please visit www.lyratherapeutics.com and follow us on LinkedIn and Twitter. 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. 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. 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. Resources. With the new funding, Lyra plans to accelerate its delivery of evidence-based mental health benefits for companies with employees located around the world. The Week's 10 Biggest Funding Rounds: Lyra Health Gets Large Raise To Investors Dragoneer . Lyra is dedicated to redefining access to high-quality mental healthcare for both individuals and employers on a global scale, said Sisco. The World Health Organization estimates that the loss in productivity due to depression and anxiety alone costs the global economy $1 trillion each year. Lyra separately announced today it has acquired ICAS World, an employee assistance program provider with operations in more than 155 countries. For more information about Lyra Health's innovative mental health benefits for employers, visitlyrahealth.com. These investors may include private investors, venture capital firms, or other investment vehicles. Lyra Health Expert Review, Pricing, Alternatives - 2023 Benefits Unicorn Lyra Health Raises $200M Series F at $4.6B Valuation 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. Jun 14, 2021, 08:00 ET. For more information, visit lyrahealth.com and follow us on LinkedIn, Facebook, and Twitter. 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 . Lyra Health - Crunchbase Company Profile & Funding 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. Lyra currently serves more than 2.2 million members globally. Chrome Extension. Several VC-backed companies also employ mental health coaches. These people cant diagnose or treat clinical conditions but are supposed to help users who are dealing with stressors in their jobs or relationships before they spiral. our sites and services. The platform offers scientifically-backed tools and training for healthier, happier, more human organizations. The company, which now has an enterprise division that sells to businesses, claims to help users reduce stress and sleep better. "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. Lyra Health has kept busy over the past year. CBI websites generally use certain cookies to enable better interactions with. 914-204-6412 Dr. . Lyra Health and commercializing the behavioral health sector - FlowBank 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. There were 124 deals last year, compared to 69 deals in 2016. 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 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 . Lyra Therapeutics: Investor Contact: Argot Partners 212-600-1902 Lyra@argopartners.com Media Contact: Kathryn Morris 914-204-6412 kathryn@theyatesnetwork.com LianBio Investor Contact: Elizabeth . Company appoints Robynne Sisco to Board of Directors.