lyra health investors

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. The Week's 10 Biggest Funding Rounds: Lyra Health Gets Large Raise To 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. Their latest acquisition was ICAS World on January 19, 2022. 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. Lyra@argopartners.com Lyra Health Now Valued at $4.6B After Latest Fundraising Sign up for a free trial to see revenue data from 2020 and more. In 2019, around 11% of U.S. adults reported experiencing symptoms of anxiety or depression, which skyrocketed to 42% by December 2020. 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. Some, like San Francisco, Calif.-based Calm, valued at $2 billion, dont have a medical component. Lyra Health Completes $235M Funding Round, led by Dragoneer, to Fuel 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. 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. 22 Shares. PitchBooks comparison feature gives you a side-by-side look at key metrics for similar companies. With the new funding, Lyra plans to accelerate . Media Contact: The data presented on this page does not represent the view of Lyra Health and its employees or that of Zippia. 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. Revenue: $100 to $500 million (USD) Competitors: Unknown. Sisco is currently co-president and chief financial officer at Workday. You're more than your latest funding, tell our customers your company's story. and our Code of Business Conduct and Ethics in the "Governance" section of the "Investors & News" page of our website located at www . Lyra Health - Funding, Financials, Valuation & Investors - CrunchBase Company appoints Robynne Sisco to Board of Directors. 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. For more information about Lyra Health's innovative mental health benefits for employers, visit lyrahealth.com. And that's not unique to mental health, thats digital health across the board right now.. Dragoneer is a growth-oriented investment firm with over $25 billion in long-duration capital. Learn more. 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. Dragoneer has a history of partnering with management teams growing exceptional companies characterized by sustainable differentiation and superior economic models. 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. 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. By year-end, venture investors poured a record-setting $1.5 billion into mental health-related startups. Headspace develops an online membership platform offering guided meditation and mindfulness. Industry: Health Care Services & Hospitals. Unmind operates as a workplace mental health platform. 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 has 36 investors including Castlight Health, Providence, Castlight Health and Venrock Associates. 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. In a single month, Lyra Health normally makes close to $775,000 in revenue. 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. The platform offers scientifically-backed tools and training for healthier, happier, more human organizations. 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. 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 plans to continue expanding Blended Care to serve a wide range of members and mental health challenges. We heard from HR and benefits leaders, benefits consultants, and Lyra experts on top-of-mind issues for mental health in the workplace. Leading self-insured employers partner with Lyra to tailor value-driven mental health benefits programs specific to their workforce. 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. Email; Facebook; . Lyra Health now worth $2.3B on heels of . Sign up for a free trial to see Lyra Health's valuations in January 2022, January 2021, August 2020 and more. Note: Lyra Health's revenues are gauged from an analysis of company filings. The World Health Organization estimates that the loss in productivity due to depression and anxiety alone costs the global economy $1 trillion each year. The company, which now has an enterprise division that sells to businesses, claims to help users reduce stress and sleep better. LYR-210 is designed as a non-invasive alternative to sinus surgery for the millions of CRS patients who have failed medical management. Solutions. You can't just put a tool in an inequitable system and expect it to solve all of those inequities, says Nicole Martinez-Martin, an assistant professor at the Stanford Center for Biomedical Ethics who studies mental health apps. BURLINGAME, Calif, Jan. 28, 2021 /PRNewswire/ -- Lyra Health, the leading provider of comprehensive mental health care benefits for employers, today announced a Series E . Lyra Health has raised a total of $910.1M in funding over 8 rounds. These investors may include private investors, venture capital firms, or other investment vehicles. Lyra Health Completes $235M Funding Round, led by Dragoneer, to Fuel 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. You can read more about your. Under the terms of the agreement, Lyra will receive an upfront payment of $12 million and is eligible to receive up to $135 million in future payments based upon the achievement of specified development, regulatory and commercialization milestones. You can't just put a tool in an inequitable system and expect it to solve all of those inequities. 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. our sites and services. It covers mental well-being needs through both evidence-based technology and professional support from a coach or therapist. 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. Coatue led the round and was joined by new investor Sands Capital, along with existing investors. Lyra Health makes $25,479 in a day. 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. WATERTOWN, Mass. Around one in four Americans dont have access to in-network therapists, according to the National Alliance on Mental Illness. The Series F was led by Coatue and values the company at an astounding $4.6 billion. When typing in this field, a list of search results will appear and be automatically updated as you type. Fidelity Management and Research Company Durable Capital Partners Baillie Gifford Win whats next. Crazy indeed. In 2020, Lyra announced a partnership with Calm, the top mental fitness and resilience application, with more than 90 million downloads to date. Lyra's second annual Breakthrough conference was an enormous success, with over 2,000 registrants coming together to reimagine mental health. There are now seven mental health unicorns in the U.S., up from two a year ago, buoyed by the flurry of digital health IPOs, SPAC deals and M&A activity. 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. For more information about Lyra Health's innovative mental health benefits for employers, visitlyrahealth.com. CBI websites generally use certain cookies to enable better interactions with our sites and services. Lyra's matching technology and innovative digital platform connect members to a curated network of top . Lyra Health. Products. 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. Lyra quickly connects members to an exclusive network of evidence-based providers, mental health coaches, digital wellness tools, and personalized medication programs. Chrome Extension. In April, KKR acquired a majority interest in the mental health electronic records software company Therapy Brands for an undisclosed amount. About Dragoneer Investment GroupDragoneer is a growth-oriented investment firm with over $25 billion in long-duration capital. ", "We are excited to welcome Robynne to our Board of Directors," said David Ebersman, Lyra Health CEO and co-founder. 914-204-6412 With Lyra, benefits leaders can offer employees fast, reliable access to providers who practice evidence-based mental health care treatments. A peer-reviewed study found Lyras Blended Care Therapy helped 83% of participants improve or recover from anxiety or depression. Elizabeth Anderson, VP Communications and Investor Relations 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. In the LANTERN Phase 2 clinical trial, LYR-210 (7500mcg) demonstrated rapid, clinically meaningful and durable symptom improvement in symptom scores over six months. Get the full list, Youre viewing 5 of 35 investors. 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. Mental wellness platform Lyra Health is raising up to - TechCrunch Argot Partners 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. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. Lyra Health has 22 investors. Investors of Lyra Health include Coatue Management, Dragoneer Investment Group, Salesforce Ventures, Institutional Venture Partners, Sands Capital and 19 more. Dragoneer led the round and was joined by new investor Salesforce Ventures along with existing investor Coatue. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Get the full list, Youre viewing 5 of 10 board members. Investors Dragoneer . Lyra Health and commercializing the behavioral health sector - FlowBank This new funding will help Lyra deliver comprehensive and culturally responsive mental health care for organizations and their employees and families, said Ebersman. Apr 18, 2022. Their latest funding was raised on Jan 19, 2022 from a Series F round. from 8 AM - 9 PM ET. 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, enabling employers to deliver care to their employees and families online with the flexibility of in-person care. 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. With Lyra, benefits leaders can offer employees fast, reliable access to providers who practice evidence-based mental health care treatments. 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 Announces Closing of $75M Series C Financing . Lyra Health Expert Review, Pricing, Alternatives - 2023 These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause the companys actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to, the following: the fact that the company has incurred significant losses since inception and expects to incur losses for the foreseeable future; the companys need for additional funding, which may not be available; the companys limited operating history; the fact that the company has no approved products; the fact that the companys product candidates are in various stages of development; the fact that the company may not be successful in its efforts to identify and successfully commercialize its product candidates; the fact that clinical trials required for the companys product candidates are expensive and time-consuming, and their outcome is uncertain; the fact that the FDA may not conclude that certain of the companys product candidates satisfy the requirements for the Section 505(b)(2) regulatory approval pathway; the companys inability to obtain required regulatory approvals; effects of recently enacted and future legislation; the possibility of system failures or security breaches; effects of significant competition; the fact that the successful commercialization of the companys product candidates will depend in part on the extent to which governmental authorities and health insurers establish coverage, adequate reimbursement levels and pricing policies; failure to achieve market acceptance; product liability lawsuits; the fact that the company relies on third parties for the manufacture of materials for its research programs, pre-clinical studies and clinical trials; the companys reliance on third parties to conduct its preclinical studies and clinical trials; the companys inability to succeed in establishing and maintaining collaborative relationships; the companys reliance on certain suppliers critical to its production; failure to obtain and maintain or adequately protect the companys intellectual property rights; failure to retain key personnel or to recruit qualified personnel; difficulties in managing the companys growth; effects of natural disasters; the fact that the global pandemic caused by COVID-19 could adversely impact the companys business and operations, including the companys clinical trials; the fact that the price of the companys common stock may be volatile and fluctuate substantially; significant costs and required management time as a result of operating as a public company and any securities class action litigation. Lyra customers include Genentech, a member of the Roche Group; Morgan Stanley; Zoom Video Communications; and dozens of the world's largest, most respected brands. 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. 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 Health - Crunchbase Company Profile & Funding Based on Cognitive Behavioral Therapy principles, this immersive treatment model with ongoing support between sessions helps individuals improve faster. Lyra Health is the leading provider of Workforce Mental Health benefits, serving 10 million global employees and their dependents. Lyra Health doubles customers, expands to serve more than 2 million members. 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 . Calm started out as a direct-to-consumer mindfulness app with guided meditations and soothing soundtracks. Lyra is trusted by leading companies, including Genentech, a member of the Roche Group; Uber; and VCA Animal Hospitals. Working at Lyra Health | Glassdoor 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. 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. Many of these startups partner with research institutions to publish studies, but no one has performed a head-to-head comparison of the market. This Series E round pushes the company to $475.1 million in total funding for a post money valuation of over $2 billion. Dragoneer has a history of partnering with management teams growing exceptional companies characterized by sustainable differentiation and superior economic models. Lyra separately announced today new plans to enhance its international solutions. Twill provides digital therapeutics and care delivery models focused on mental and physical health. Lyra Health | LinkedIn & SHANGHAI & PRINCETON, N.J.--(BUSINESS WIRE)--Lyra Therapeutics, Inc. (Nasdaq: LYRA), a clinical-stage therapeutics company leveraging its proprietary XTreo platform to enable precise, sustained, and local delivery of medications to ear, nose and throat (ENT) passages and other diseased tissues, and LianBio, a biotechnology company dedicated to bringing paradigm-shifting medicines to patients in China and other major Asian markets, today announced a strategic partnership and exclusive license agreement for the development and commercialization of LYR-210 in Greater China (mainland China, Hong Kong, Taiwan, and Macau), South Korea, Singapore and Thailand. 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. We are reaching out to the company and investors for a . 2023 Lyra Health, Inc. works in partnership with Lyra Clinical Associates P.C. Comparatively, just 24% of people who receive care through traditional health plans demonstrate reliable clinical improvement. For more information, please visit www.lianbio.com. 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. For more information, visit lyrahealth.com and follow us on LinkedIn, Facebook, and Twitter. Upon commercialization on a region-by-region basis, Lyra also will be entitled to receive low double-digit royalties based on net sales of LYR-210 in the licensed territories. Lyra General Information. Existing partners also participated in the funding round. Lyra Health has raised around $910 million in funding over 8 rounds from investors like Salesforce Ventures, Coatue, and Emerson Collective. 10 Fundings. Behavioral Unicorn Lyra Health Eyes More Corporate Customers, Continued kathryn@theyatesnetwork.com and other contracted partners to be your Lyra Care Navigator Team and deliver clinical services. Any such forward-looking statements represent managements estimates as of the date of this press release. Lyra Health's announcement confirms an earlier report by The Information. Leading self-insured employers partner with Lyra to tailor value-driven mental health benefits programs specific to their workforce. 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. The digital behavioral-health-benefits platform Lyra Health announced today the closing of its Series E funding round worth $187 million. Lyra Health - Products, Competitors, Financials, Employees from 8 AM - 9 PM ET. Lyra Health Completes $187M Series E Financing to Advance Comprehensive Spring Health provides personalized mental healthcare for employees' well-being. For more information, visit lyrahealth.com and follow us on LinkedIn, Facebook, and Twitter. Lyra currently serves more than 2.2 million members globally. Is Lyra Health a public company? Jan 28, 2021, 08:00 ET. Tyler Gagnon, CanaleComm 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. 212-600-1902 Lyra Health's latest funding round was a Series G for $235M on January 19, 2022. This latest financing round will allow Lyra to continue to develop new and innovative care solutions while reaching new customers and members.". "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. Lyra Health Hits $1.1 Billion Valuation, As Coronavirus Boosts - Forbes The mental health platform companies help connect users directly with therapists and other providers. 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. 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. The next mental health startup to reach a billion dollar valuation was Calm in 2019.

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