lyra health investors

Lyra separately announced today it has acquired ICAS World, an employee assistance program provider with operations in more than 155 countries. Dragoneer has a history of partnering with management teams growing exceptional companies characterized by sustainable differentiation and superior economic models. 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. site you are consenting to these choices. This Series E round pushes the company to $475.1 million in total funding for a post money valuation of over $2 billion. Top investors are Durable Capital Partners, Fidelity Management & Research, and Baillie Gifford. Lyra Health's latest funding round was a Series G for $235M on January 19, 2022. 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. Through the partnership, Lyra is making it easier for employers to offer a wide range of mental health tools from a single platform. 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. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including statements regarding the clinical development, potential commercialization and potential benefits of LYR-210 and LYR-220, and the success of the companys strategic partnership and license agreement with LianBio. Lyra Health completes $187M Series E round and expands - MobiHealthNews We are reaching out to the company and investors for a . Lyra separately announced today new plans to enhance its international solutions. In 2016, more than half of the counties in the U.S. didnt have a single psychiatrist. And then everything went crazy.. 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. Lyra also continues to pioneer new evidence-based, technology-enabled mental health solutions that accelerate access to care and match members to clinically proven programs that prioritize fast and durable symptom improvement. 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. Get the full list, Youre viewing 5 of 35 investors. 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. "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. Sisco is currently co-president and chief financial officer at Workday. 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. Series E - Lyra Health - 2021-01-28 - CrunchBase 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. Given the spotty coverage, Kocher and Ebersman hypothesized that employers would be willing to pay for a separate mental health benefit, especially since depression is one of the leading causes of disability worldwide. For more information about Lyra Health's innovative mental health benefits for employers, visitlyrahealth.com. This financing will enable Lyra to further expand its investments in pioneering tech-enabled mental health care, a growing and diverse provider network, and new partnerships to support the world's largest global organizations. 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. 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. 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. 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. The LianBio team has deep expertise in drug development and is well positioned to successfully commercialize LYR-210 in these Asian territories. With the new funding, Lyra plans to accelerate . The data presented on this page does not represent the view of Lyra Health and its employees or that of Zippia. Note: Lyra Health's revenues are gauged from an analysis of company filings. 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 General Information. 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. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. our sites and services. Lyra Health Announces Closing of $75M Series C Financing Lyra Health is the leading provider of Workforce Mental Health benefits, serving 10 million global employees and their dependents. Unmind operates as a workplace mental health platform. 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. Their latest was a Series . 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.. 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. 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. Lyra's matching technology and innovative digital platform connect members to a curated network of top . The highwater mark was set pre-pandemic when the telepsychiatry and specialty pharmacy company Genoa Health sold to UnitedHealth Group for $2.5 billion in 2018. Lyra's second annual Breakthrough conference was an enormous success, with over 2,000 registrants coming together to reimagine mental health. In 2019, around 11% of U.S. adults reported experiencing symptoms of anxiety or depression, which skyrocketed to 42% by December 2020. Resources. 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. BURLINGAME, Calif. , Jan. 19, 2022. 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. CBI websites generally use certain cookies to enable better interactions with our sites and services. 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. Learn more. Chris Metinko. PitchBooks non-financial metrics help you gauge a companys traction and growth using web presence and social reach. Number of Investors 4. 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. Investor Name . Lyra Health Revenue: Annual, Quarterly, and Historic - Zippia Industry: Health Care Services & Hospitals. With the new funding, Lyra plans to accelerate its delivery of evidence-based mental health benefits for companies with employees located around the world. Lyra Health's valuation in June 2021 was $4,600M. 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. Coatue led the round and was joined by new investor Sands Capital, along with existing investors. The biggest hurdle isn't treatmentit's access. (Annual sales and employees). Lyra currently serves more than 2.2 million members globally. Lyra helps companies improve access to effective, high-quality mental health care for their employees. 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. Headspace develops an online membership platform offering guided meditation and mindfulness. Lyra provides evidence-based care that supports people across all facets of mental health, from wellness and preventive care to the most severe conditions. Lyra Blended Care is scalable and extensible, leveraging technology to deliver better care quality and clinical outcomes, while reducing the cost of care. You can access direct insights and strategies from . 2015. 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. Lyra Health doubles customers, expands to serve more than 2 million members. The latest fundraising was led by investor hedge fund Coatue Management, with participation from new investor Sands Capital. 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 peak revenue was $9.3M in 2022. "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.". Last August, the company cemented its . Robynne Sisco Joins Board of DirectorsLyra also today announced the addition of Robynne Sisco to its Board of Directors. Lyra Health Hits $1.1 Billion Valuation, As Coronavirus Boosts - Forbes 914-204-6412 The company was formerly known as Happify Health and Happify. 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. These and other important factors discussed under the caption Risk Factors in the companys Annual Report on Form 10-Q filed with the SEC on May 11, 2021 and its other filings with the SEC could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Calm started out as a direct-to-consumer mindfulness app with guided meditations and soothing soundtracks. When typing in this field, a list of search results will appear and be automatically updated as you type. "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.

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