Lyra Health has 22 investors. For more information about Lyra Healths innovative mental health benefits for employers, visit lyrahealth.com. We are reaching out to the company and investors for a . 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 Their latest funding was raised on Jan 19, 2022 from a Series F round. 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. Sisco is currently co-president and chief financial officer at Workday. 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. Who are Lyra Health's competitors? With Lyra, benefits leaders can offer employees fast, reliable access to providers who practice evidence-based mental health care treatments. 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. Investor Activity Lyra Health has actively raised capital from investors. Sign up for a free trial to see Lyra Health's valuations in January 2022, January 2021, August 2020 and more. About Lyra HealthLyra 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, providers, and employers. It partners with enterprises, pharma companies, and health plans to create new products that help support and manage specific mental and physical conditions. Many of these startups partner with research institutions to publish studies, but no one has performed a head-to-head comparison of the market. Theres also the question of what might be lost if the majority of mental health visits shift online. Thats due to a combination of stigma, cost and access issues, coupled with a growing shortage of mental health providers. Dr. . 2023 Lyra Health, Inc. works in partnership with Lyra Clinical Associates P.C. 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. Nearly 1 billion people worldwide suffer from a mental health disorder, yet more than 70% of people dont have access to the care they need. 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's 2020 revenue was $100M. Seed: Venrock: Seed: Providence Health & Services: Series A: Origin Capital Management . Crazy indeed. 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. 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. Apr 18, 2022. 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. Celebrity endorsements, like Olympic swimmer Michael Phelps campaign with virtual therapy startup Talkspace, started to chip away at the long standing stigma, while mindfulness apps like Calm offered meditation sessions at the click of a button. 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. Mental health is the defining problem of our time. About Lyra HealthLyra Health is the leading provider of Workforce Mental Health benefits, serving 10 million global employees and their dependents. Lyra currently serves more than 2.2 million members globally. I understand from both a business perspective and a needs perspective why [startups] are interested in mental health right now, she says, but the potential to really prey on that need, or worse, the patients, terrifies me.. 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. and our Code of Business Conduct and Ethics in the "Governance" section of the "Investors & News" page of our website located at www . 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. Sisco is currently co-president and chief financial officer at Workday. The company was founded in 2017 and is based in San Francisco, California. LianBio Lyra quickly connects members to an exclusive network of evidence-based providers, mental health coaches, digital wellness tools, and personalized medication programs. 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. Lyra Health raised $187000000 on 2021-01-28 in Series E. Search Crunchbase. 508 904 9446 (Neither company can help people who are in a life-threatening mental health crisis and instead link to resources like the National Suicide Prevention Line.) 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. . While the company may elect to update such forward-looking statements at some point in the future, it disclaims any obligation to do so, even if subsequent events cause its views to change. Lyra Health doubles customers, expands to serve more than 2 million members. 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 is trusted by leading companies, including Genentech, a member of the Roche Group; Uber; and VCA Animal Hospitals. Contact:Kaitlin Rebella[emailprotected] (248) 318-4303, Cision Distribution 888-776-0942 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. With Lyra, benefits leaders can offer employees fast, reliable access to providers who practice evidence-based mental health care treatments. Log In. In April, KKR acquired a majority interest in the mental health electronic records software company Therapy Brands for an undisclosed amount. Lyra Health may also be known as or be related to Lyra Health, Lyra Health Inc and Lyra Health, Inc. COIT Cleaning and Restoration Services Careers, Senior Software Engineer jobs at Lyra Health, Customer Success Manager jobs at Lyra Health, Employee Relations Specialist jobs at Lyra Health. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution. Lyra Health has kept busy over the past year. Investors poured $1.5 billion into the market in 2020, but technology alone won't solve long standing problems like low reimbursement rates and provider shortages. "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 world's greatest companies.". BURLINGAME, Calif., June 14, 2021 /PRNewswire/ -- Lyra Health, the leading provider of comprehensive mental health care benefits for employers, today announced . The startups take different approaches to connecting users with mental health services. 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. Lyra Health's latest funding round was a Series G for $235M on January 19, 2022. LYR-210 is designed as a non-invasive alternative to sinus surgery for the millions of CRS patients who have failed medical management. Lyra Health's announcement confirms an earlier report by The Information. Addition led the round and was joined by new investors Durable Capital Partners LP, Fidelity Management & Research Company, and Baillie Gifford, along with other existing investors. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. 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. The data presented on this page does not represent the view of Lyra Health and its employees or that of Zippia. Unmind operates as a workplace mental health platform. Lyra is trusted by leading companies, including Genentech, a member of the Roche Group; Uber; and VCA Animal Hospitals. Media Contact: After extensive research and analysis, Zippia's data science team found the following key financial metrics. Lyra Health's latest funding round was a Series G for $235M on January 19, 2022. 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. Products. And then everything went crazy.. 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. Argot Partners Lyra Health's most recent revenue is from 2020. Coatue led the round and was joined by new investor Sands Capital, along with existing investors. 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 . Partnership opens expanded opportunity for LYR-210 to address chronic rhinosinusitis, a disease affecting approximately 88 million adults in China. Lyra General Information. Additionally, 40% of workers feel employers don't support their mental health. 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 . Last August, the company cemented its . Phone Number +1 877 0505 7147. Transforming Access to Mental Health Care Around the WorldNearly 1 billion people worldwide suffer from a mental health disorder, yet more than 70% of people don't have access to the care they need. The World Health Organization estimates that the loss in productivity due to depression and anxiety alone costs the global economy $1 trillion each year. "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. Claim your profile to get in front of buyers, investors, and analysts. Dragoneer has a history of partnering with management teams growing exceptional companies characterized by sustainable differentiation and superior economic models. Lyra's matching technology and innovative digital platform connect members to a curated network of top . 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 . Existing partners also participated in the funding round. 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. Leading self-insured employers partner with Lyra to tailor value-driven mental health benefits programs specific to their workforce. Revenue: $100 to $500 million (USD) Competitors: Unknown. 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. Tyler Gagnon, CanaleComm 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. 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. Number of Investors 4. Lyra Health's deal structure is available for 7 funding rounds, including their Series G from January 19, 2022. By continuing to use this site you are consenting to these choices. Dragoneer is a growth-oriented investment firm with over $25 billion in long-duration capital. Dragoneer led the round and was joined by new investor Salesforce Ventures along with existing investor Coatue. Based on Cognitive Behavioral Therapy principles, this immersive treatment model with ongoing support between sessions helps individuals improve faster. 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. January 21, 2022. LifeStance Health Group, an outpatient mental health provider backed by investment firm TPG Capital, announced plans this month to go public at an estimated more than $6 billion valuation. When the pandemic hit, there was a two-week pause, says Lisa Suennen, a longtime healthcare investor who leads the venture fund at the law firm and consultancy Manatt, Phelps & Phillips. Chris Metinko. ", "We are excited to welcome Robynne to our Board of Directors," said David Ebersman, Lyra Health CEO and co-founder. For more information about Lyra Health's innovative mental health benefits for employers, visit lyrahealth.com. Lyra Health's annual revenues are $100-$500 million, 5416 Management, Scientific & Technical Consulting Services. 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 . Lyra Health acquired 1 company. Worldwide, 970 million people are living with mental health issues. Fidelity Management and Research Company Durable Capital Partners Baillie Gifford Learn more. Dragoneer led the round and was joined by new investor Salesforce Ventures along with existing investor Coatue. Gold recognizes that the U.S. mental healthcare system is broken and is all for getting vulnerable patients the help they need. Despite federal laws requiring mental health to be reimbursed at the same rates as physical illness, many people with insurance still face hurdles, from long wait times to denial of claims battles. But it was the Covid-19 pandemic and collective psychological fallout that finally mainstreamed mental health. When typing in this field, a list of search results will appear and be automatically updated as you type. The next mental health startup to reach a billion dollar valuation was Calm in 2019. 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. Lyra's 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. Analyst Briefing Submitters are 7x more likely to receive a qualified connection. Headspace develops an online membership platform offering guided meditation and mindfulness. "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. 2015. 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. 10 Fundings. 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. This is the only company I've ever worked with, where we don't have to do marketing, says Kocher. Lyra Therapeutics, Inc. (Name of Registrant as Specified in its Charter) . Lyra Health is the leading provider of Workforce Mental Health benefits, serving 10 million global employees and their dependents. Lyra Health has 36 investors including Castlight Health, Providence, Castlight Health and Venrock Associates. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. Contact Email care@lyrahealth.com. Partners . 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 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. 914-204-6412 Company Type For Profit. Is Lyra Health a public company? 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. Lyra Health is getting attention because of its . /PRNewswire/ -- Lyra Health, the leading provider of innovative Workforce Mental Health solutions for employers, today announced it has completed a $235M . 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. A peer-reviewed study found Lyras Blended Care Therapy helped 83% of participants improve or recover from anxiety or depression. San Francisco-based 6sense closed a $200 million Series E co-led by new investors Blue Owl and MSD Partners at a $5.2 billion valuation . The company, which now has an enterprise division that sells to businesses, claims to help users reduce stress and sleep better. Comparatively, just 24% of people who receive care through traditional health plans demonstrate reliable clinical improvement. is betting on Lyra Health . 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. 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. 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. Emerson Collective and Salesforce Ventures are the most recent investors. elizabeth.anderson@lianbio.com Lyra helps companies improve access to effective, high-quality mental health care for their employees. The Series F was led by Coatue and values the company at an astounding $4.6 billion. Lyras approach to mental health care has been proven to help members improve or recover faster and reduce medical claims costs for employers.For more information, visit lyrahealth.com and follow us on LinkedIn, Facebook, and Twitter. In 2020, peer-reviewed Lyra research demonstrated the effectiveness of the Blended Care treatment program for clients with depression and anxiety. Elizabeth Anderson, VP Communications and Investor Relations You can't just put a tool in an inequitable system and expect it to solve all of those inequities. In the LANTERN Phase 2 clinical trial, LYR-210 (7500mcg) demonstrated rapid, clinically meaningful and durable symptom improvement in symptom scores over six months. Low-income or rural communities without sufficient broadband access are still at a loss, and there will continue to be a nationwide shortage of providers and issues with reimbursement. 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. U.S. Industry Overview & Market Statistics: INDEPENDENT SCHOOL GROUP LIFE & DISABILITY TRUST, Complete list of funding rounds and total amounts in the, EBIT (Earnings Before Interest and Taxes), Revenue from previous years (2010 to present), Funding from Venture Capital and Private Equity firms, Additional industries in which the company operates, What is the company's size? Top investors are Durable Capital Partners, Fidelity Management & Research, and Baillie Gifford. That speaks to how hard access has been for most people for most of their life.. Lyra Health makes $25,479 in a day. 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. Based on Cognitive Behavioral Therapy principles, this immersive treatment model with ongoing support between sessions helps individuals improve faster. 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. 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. 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. There were 124 deals last year, compared to 69 deals in 2016. The company was formerly known as Happify Health and Happify. We heard from HR and benefits leaders, benefits consultants, and Lyra experts on top-of-mind issues for mental health in the workplace. 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. 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. . Industry: Health Care Services & Hospitals. from 8 AM - 9 PM ET. Funding, Valuation & Revenue. About Lyra HealthLyra 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. Investors Dragoneer . 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. This new funding will help Lyra deliver comprehensive and culturally responsive mental health care for organizations and their employees and families," said Ebersman. tyler.gagnon@canalecomm.com, 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., Internet Explorer presents a security risk. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. Pricing. 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. 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.
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