Lantern offers personalized online mental-health programs coached by experienced professionals to strengthen emotional well-being. Its programs are grounded in Cognitive Behavioral Therapy and built in partnership with experts at Stanford University, Penn State University, and Washington University in St. Louis. Founded in 2012 by CEO Alejandro Foung, the company focuses on coaching-driven digital interventions for behavioral health. Lantern received a $17M investment led by UPMC with participation from Mayfield Fund, SoftTech VC and Stanford University. As part of a broader collaboration tied to the investment, UPMC clinicians will work with Lantern on pilots to expand its programs to additional behavioral health issues and potentially to patients with more complex conditions. Lantern provides cognitive behavioral therapy (CBT)-based digital programs delivered on web and iOS, with guided support from trained behavioral-change coaches via messaging and recommended phone calls. Users begin with an assessment that places them on one of three tracks (stress, anxiety, or body image) and can try a seven-day free trial before subscribing at $49 per month. Programs typically run eight to ten weeks and include units on breathing, mindfulness, emotion management, and reducing stress behaviors; the article’s reviewer completed 1.5 of 14 units in a two-week trial. Lantern emphasizes affordability and accessibility compared with traditional therapy and aims to empower daily management of mental-health issues. Financially, the company has raised $4.4 million to date. Over the next year Lantern plans to add programs for interpersonal relationships and mood disorders such as depression and intends to sign several more enterprise clients, including universities and employers, in the coming three months.

Total raised

$21M

Funding rounds

2

Latest round

Series A

Latest activity

Feb 2016