Coatue Management invested in Lyra Health's Series G funding round. When typing in this field, a list of search results will appear and be automatically updated as you type. Investor Contact: 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. For more information, please visit www.lyratherapeutics.com and follow us on LinkedIn and Twitter. Lyra General Information. When typing in this field, a list of search results will appear and be automatically updated as you type. 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. With Lyra, benefits leaders can offer employees fast, reliable access to providers who practice evidence-based mental health care treatments. . Lyra Health's announcement confirms an earlier report by The Information. Lyra is trusted by leading companies, including Genentech, a member of the Roche Group; Uber; and VCA Animal Hospitals. Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including statements regarding the clinical development, potential commercialization and potential benefits of LYR-210 and LYR-220, and the success of the companys strategic partnership and license agreement with LianBio. Chris Metinko. This new funding will help Lyra deliver comprehensive and culturally responsive mental health care for organizations and their employees and families," said Ebersman. View Lyra Health (www.lyrahealth.com) location in California, United States , revenue, industry and description. Lyra currently serves more than 2.2 million members globally. Sisco is currently co-president and chief financial officer at Workday. With the new funding, Lyra plans to accelerate . Investor Activity Lyra Health has actively raised capital from investors. 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. Lyra Health has 22 investors. We are delighted to enter into this strategic alliance with LianBio to expand the global reach of LYR-210 for millions of CRS patients who need new and innovative treatment alternatives to surgery, said Maria Palasis, Ph.D., CEO of Lyra. LYR-210 is an investigational product candidate that utilizes Lyras proprietary XTreo platform to enable six months of local anti-inflammatory therapy from a single treatment for chronic rhinosinusitis (CRS). The World Health Organization estimates that the loss in productivity due to depression and anxiety alone costs the global economy $1 trillion each year. 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. Coatue Management, Dragoneer Investment Group, and Salesforce Ventures, Coatue Management, Institutional Venture Partners, Sands Capital, and Undisclosed Investors, Addition, Baillie Gifford & Co., Durable Capital Partners, Fidelity Investments, Institutional Venture Partners, Sands Capital, and Undisclosed Investors. Lyra is trusted by leading companies, including Genentech, a member of the Roche Group; Uber; and VCA Animal Hospitals. Phone Number +1 877 0505 7147. This new funding will help Lyra deliver comprehensive and culturally responsive mental health care for organizations and their employees and families, said Ebersman. Comparatively, just 24% of people who receive care through traditional health plans demonstrate reliable clinical improvement. 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. LYR-210 is an anti-inflammatory, intra-nasal drug matrix in late-stage development that is designed to treat chronic rhinosinusitis (CRS), a debilitating inflammatory disease of the nasal passages. Lyra Health Completes $200M Funding Round | Lyra Health Headspace develops an online membership platform offering guided meditation and mindfulness. The employee data is based on information from people who have self-reported their past or current employments at Lyra Health. Contact Email care@lyrahealth.com. Lyra Blended Care is scalable and extensible, leveraging technology to deliver better care quality and clinical outcomes, while reducing the cost of care. The publication initially broke the news back in May, according to two people familiar with the deal. and other contracted partners to be your Lyra Care Navigator Team and deliver clinical services. Number of Investors 4. You can read more about your. Top investors are Durable Capital Partners, Fidelity Management & Research, and Baillie Gifford. The round was led by Addition and had . 22 Shares. 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. is betting on Lyra Health . Sign up for a free trial to see Lyra Health's valuations in January 2022, January 2021, August 2020 and more. It partners with enterprises, pharma companies, and health plans to create new products that help support and manage specific mental and physical conditions. Dr. . Argot Partners . Under the terms of the agreement, Lyra will receive an upfront payment of $12 million and is eligible to receive up to $135 million in future payments based upon the achievement of specified development, regulatory and commercialization milestones. Fidelity Management and Research Company Durable Capital Partners Baillie Gifford Ive known David for over 10 years, and his focus on one of the worlds most important topics, addressing and solving mental health care, is truly inspiring, said Marc Stad, Founder and Managing Partner at Dragoneer. Lyra Health now worth $2.3B on heels of . Elizabeth Anderson, VP Communications and Investor Relations Log In. Media Contact: 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. 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. In 2020, the company introduced Lyra Blended Care, which pairs video therapy sessions with personalized digital lessons and exercises based on Cognitive Behavioral Therapy (CBT) principles. Description. For more information, visit lyrahealth.com and follow us onLinkedIn, Facebook, and Twitter. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Join us for Breakthrough, Lyras annual mental health conference, in San Francisco. Lyra currently serves more than 2.2 million members globally. Tyler Gagnon, CanaleComm from 8 AM - 9 PM ET. The platform offers scientifically-backed tools and training for healthier, happier, more human organizations. Lyra's approach to mental health care has been proven to help members improve or recover faster and reduce medical claims costs for employers. WATERTOWN, Mass. Lyra Health Expert Review, Pricing, Alternatives - 2023 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 . Investors Security Type; CASTLIGHT HEALTH, INC. These investors may include private investors, venture capital firms, or other investment vehicles. 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.. Based on Cognitive Behavioral Therapy principles, this immersive treatment model with ongoing support between sessions helps individuals improve faster. 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. Dragoneer has a history of partnering with management teams growing exceptional companies characterized by sustainable differentiation and superior economic models.
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