Lyra Health Closes $187M Series E Financing

Funding Rounds

▤ Summary

The round was led by Addition with participation from Durable Capital Partners LP, Fidelity Management & Research Company, and Baillie Gifford, along with other existing investors. The company intends to use the funds to further expand its investments in tech-enabled mental health care, the provider network, and new partnerships. Using matching technology and an innovative digital platform, it quickly connects companies and their employees — plus spouses and children — to therapists, mental health coaches, and personalized medication prescribing. Customers include Genentech, a member of the Roche Group; Morgan Stanley; Zoom Video Communications; and dozens of the world’s largest respected brands. In 2020, Lyra announced a partnership with Calm, a top mental fitness and resilience application, with more than 90 million downloads to date.

$ Funding

$
Amount $187.0M Total raised
□
Date January 28, 2021 Announcement date
◎
Investors - Lead investors
▥
Company http://www.lyrahealth.com Funded company

▥ Classifications

industries
Fintech & Banking
applications
Web and Content Management

◇ AskAI Classifications

Labels
Financial Technology Payment Software SaaS

▦ Linked Companies

Lyra Group
$50M to $100M