Lyra Health provides workforce mental health solutions to employers, offering clinically proven care for employees and family members across wellness, preventive care, and treatment for severe conditions. Led by CEO and co-founder David Ebersman, the company serves clients including Genentech, Uber, and VCA Animal Hospitals. Lyra completed a $235M financing and intends to use the proceeds to accelerate delivery of comprehensive, evidence-based, culturally responsive mental health benefits around the world. The company also acquired ICAS World, an employee assistance program provider with operations in more than 155 countries. Lyra announced the addition of Robynne Sisco to its board; Sisco is co-president and chief financial officer at Workday and has held senior finance roles at VMware, VeriSign, and Oracle, bringing more than 30 years of experience. Lyra Health provides comprehensive mental health care benefits to multinational employers, offering evidence-based care that spans wellness and preventive services through treatment for severe conditions. Its core product is Blended Care Therapy, which pairs video counseling sessions, one-to-one messaging, and provider-prescribed digital activities based on Cognitive Behavioral Therapy principles to accelerate improvement. Lyra curates a network of more than 5,000 coaches, therapists, and doctors in the U.S., and has access to an additional 85,000 providers worldwide through global partnerships. The company serves more than 2.2 million members globally and counts customers such as eBay, Genentech (a member of the Roche Group), Uber, and VCA Animal Hospitals. Led by CEO and co-founder David Ebersman, Lyra plans to accelerate delivery of its benefits for companies with employees located around the world and to enhance its international solutions. The new funding is intended to support those expansion and internationalization efforts. Lyra Health operates a tech-enabled digital platform that connects employees, spouses, and children to therapists, mental health coaches, and personalized medication prescribing using matching technology. The company provides comprehensive mental health benefits to employers and serves more than 2 million U.S. employees and dependents. Customers include Genentech (a member of the Roche Group), Morgan Stanley, Zoom Video Communications, and dozens of other large brands. In 2020 Lyra announced a partnership with Calm, a mental fitness and resilience application. Led by CEO and co-founder David Ebersman, Lyra plans to use its recent financing to further expand investments in its technology, provider network, and new partnerships. Lyra Health offers tech-enabled mental health benefits for employers, matching members to therapists, mental health coaches, and personalized medication prescribing via a digital platform. The company emphasizes evidence-based treatments and an enhanced teletherapy offering called Lyra Blended Care, which pairs video therapy with personalized digital CBT-based lessons. Lyra plans to use new funding to invest more aggressively in innovative, tech-enabled treatments, to partner with more customers, and to expand and diversify its provider network. The firm has grown rapidly in 2020, adding more than 800,000 new eligible members and bringing its total member population to more than 1.5 million, and is on track to deliver its one-millionth session of care. Lyra highlights enterprise adoption from employers across retail, tech, energy, financial services, and food and agriculture, including Morgan Stanley, Asurion, and Zoom. The company also announced the addition of Kerry Chandler to its board to support HR and people-operations strategy as it scales. Lyra Health provides mental health benefits for employers via a matching technology and digital platform that connects employees, spouses, and children to world-class therapists, mental health coaches, and personalized medication prescribing. The platform delivers personalized recommendations—including therapy, coaching, and medications—and offers fast access to evidence-based providers while using technology to support clients and providers between sessions. Lyra reports differentiated results in engagement, access, and clinical outcomes and has expanded its customer base to include eBay, Uber, NetApp, and Genentech. The number of employees and family members with access has grown from 50,000 to 1 million over the past few years. Lyra announced a $75 million Series C financing and will use the funds to expand its platform technology and its network of evidence-based mental health providers. The company was named to Fast Company’s list of the World’s Most Innovative Companies for 2020.

Total raised

$890M

Funding rounds

8

Latest round

Series F

Latest activity

Jan 2022