Lyra Adds New Self-Guided Offerings As Employee Mental Health Continues to Worsen

Lyra Health, a digital behavioral health unicorn that helps employers connect workers with mental health services, has added new preventative, self-guided solutions to supplement its current offerings.  The Burlingame, California-based company has mostly built its business around using intelligent matching technology to pair members with services available to and best suited for them. It partners […]

Behavioral Unicorn Lyra Health Eyes More Corporate Customers, Continued Growth in 2021

As COVID-19 continues to wreak havoc on the economy, funding for digital behavioral health companies has remained robust, largely because the nation’s mental health has worsened amid the pandemic. For Lyra Health, a mental health care benefits startup with unicorn status, not only has the company weathered the headwinds of the economic downturn, but thrived […]

Mental Health Care Benefits Provider Lyra Health Raises $187M

Mental health care benefits provider Lyra Health has raised $187 million in Series E funding, the company announced Friday, bringing its total funding raised up to about $480 million. The latest round was led by the venture capital firm Addition. New investors Durable Capital Partners, Fidelity Management & Research Co. and Baillie Gifford also participated, […]

Behavioral Benefits Provider Lyra Health Partners with Calm

Lyra Health, a mental health care benefits provider, has partnered with Calm, an app for sleep and meditation. The partnership will expand the number of mental health tools and resources Lyra clients have at their disposal.  Headquartered in Burlingame, California, Lyra Health is a digital tech startup that provides mental health benefits to employers such […]

Behavioral Benefits Provider Lyra Health Raises $110 Million 

Lyra Health — a mental health care benefits provider — has raised $110 million in Series D funding, the company announced Tuesday. Addition led the round, with funding also coming from Adams Street Partners and existing investors, such as former Starbucks CEO Howard Schultz, Casdin Capital, Glynn Capital, Greylock Partners, IVP, Meritech Capital Partners, Providence […]

Business Booms for Digital Behavioral Health Companies Amid COVID-19

There’s no doubt about it: The coronavirus is boosting the demand for behavioral health care. That’s especially true for services that can be delivered virtually, due to how easily COVID-19 can be spread.   While traditional providers have been scrambling to move to remote models and keep up with ever-changing telehealth regulations, digital behavioral health providers […]

Lyra Health Partners with Starbucks to Provide Mental Health Benefits to Employees

Mental health benefits manager Lyra Health will provide all Starbucks (Nasdaq: SBUX) employees and eligible family members with up to 20 sessions per year with therapists and coaches starting April 6. The Seattle-based coffee giant announced the move Monday. All sessions will be free of charge to users. Burlingame, California-based Lyra provides similar services to […]

Lyra Health Raises $75M in Latest Funding Round

Burlingame, California-based Lyra Health, a behavioral health benefits provider for employers, has raised $75 million in its latest funding round, the company announced Wednesday. The Series C funding round was led by IVP, a late-stage venture capital and growth equity firm. Existing funders and new investor Meritech Capital Partners also contributed. The new money supplements […]

Lyra Health Helps Providers Improve, Capitalize On Employee Mental Health Benefits

While more and more employers are offering mental health benefits, that doesn’t always translate into opportunities for traditional behavioral health providers. Many companies opt to provide the benefits through app-based solutions that specialize in remote coaching and stress-reduction, with trendy startups like Headspace and Ginger winning business from corporate giants such as Starbucks (Nasdaq: SBUX), […]