The Series F was led by Coatue and values the company at an astounding $4.6 billion. 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. Lyra Health peak revenue was $9.3M in 2022. About Lyra HealthLyra Health is the leading provider of Workforce Mental Health benefits, serving 10 million global employees and their dependents. Leading self-insured employers partner with Lyra to tailor value-driven mental health benefits programs specific to their workforce. Comparatively, just 24% of people who receive care through traditional health plans demonstrate reliable clinical improvement. Lyra Health Announces Closing of $75M Series C Financing With this additional capital, Lyra will have the opportunity to further distinguish itself as the leader in mental health domestically and expand internationally to address a global need.. 2023 PitchBook. 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.. When typing in this field, a list of search results will appear and be automatically updated as you type. 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. elizabeth.anderson@lianbio.com Lyra Therapeutics, Inc. (Name of Registrant as Specified in its Charter) . Lyra Health's valuation in June 2021 was $4,600M. 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. From 2016 to 2018, she served as a professor at the Center for Innovation for Global Health at Stanford University. View Lyra Health (www.lyrahealth.com) location in California, United States , revenue, industry and description. None of the information on this page has been provided or approved by Lyra Health. 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. BURLINGAME, Calif., Jan. 19, 2022 /PRNewswire/ --Lyra Health, the leading provider of innovative Workforce Mental Health solutions for employers, today announced it has completed a $235M financing. Transforming Mental Health Care Lyra more than doubled its customer base in 2020 and extended its services to support more than 2 million members with comprehensive mental health care. 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. 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. Working at Lyra Health | Glassdoor Lyra Blended Care is scalable and extensible, leveraging technology to deliver better care quality and clinical outcomes, while reducing the cost of care. About Dragoneer Investment GroupDragoneer is a growth-oriented investment firm with over $25 billion in long-duration capital. 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. In her distinguished career, Sisco has held senior finance roles at VMware, VeriSign, and Oracle and she brings to Lyra more than 30 years of experience in corporate finance, accounting operations, investor relations, legal, and procurement. Lyra currently serves more than 2.2 million members globally. The Week's 10 Biggest Funding Rounds: Lyra Health Gets Large Raise To Boost Mental Health, Clari Sees $225M To Manage Revenue. Pricing. 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.. 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. 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. The company, which now has an enterprise division that sells to businesses, claims to help users reduce stress and sleep better. Sign up for a free trial to see Lyra Health's valuations in January 2022, January 2021, August 2020 and more. Dragoneer is a growth-oriented investment firm with over $25 billion in long-duration capital. Investors of Lyra Health include Coatue Management, Dragoneer Investment Group, Salesforce Ventures, Institutional Venture Partners, Sands Capital and 19 more. 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. Find related and similar companies as well as employees by title and much more. All rights reserved. Series E - Lyra Health - 2021-01-28 - CrunchBase This is the only company I've ever worked with, where we don't have to do marketing, says Kocher. LYRA HEALTH Revenue, Growth & Competitor Profile - IncFact.com Lyra Health - Crunchbase Company Profile & Funding Lyra Health is the leading provider of Workforce Mental Health benefits, serving 10 million global employees and their dependents. 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.
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