Lyra Health Exit Candidate

Employees 1,000+
Primary contact

🏦 Potential exit path: SPAC, IPO
Lyra Health is the leading provider of Workforce Mental Health benefits, serving (as of January 2022) 4 million global employees and their dependents. The company aims to transform mental health care using intelligent matching technology, concierge support, and a digital platform to deliver a frictionless experience for members, providers, and employers. Lyra quickly connects members to an exclusive network of evidence-based providers, mental health coaches, digital wellness tools, and personalized medication programs. This approach to mental health care has been proven to help members improve or recover faster and reduce medical claims costs for employers.
Select clients: Amgen, Apache, eBay, Facebook, Genentech, NetApp, Palo Alto Networks, Pinterest, ServiceNow, Starbucks, Uber, VCA Animal Hospitals.
Employees 1,000+
Primary contact

Funding πŸ’°

Total πŸ¦„ $910.1M
Last round πŸ”— $235M
January 19, 2022.
Select investors Dragoneer Investment Group, Coatue Management, Addition, Greylock Partners, Venrock, IVP, Casdin Capital, Salesforce Ventures, Adams Street Partners

Key people πŸ§‘β€πŸ€β€πŸ§‘

Highlights ⭐

  • Founder on a mission! David Ebersman used to be Facebook's Chief Financial Officer and in 2014 - he quit that job to make it easier to find and get mental health treatment and using technology to "make it smarter, more personalized, and effective." And so Lyra was born.
  • Lyra is in a huge market, with nearly 1 billion people worldwide suffering from a mental health disorder. It is estimated that depression and anxiety alone cost the global economy $1 trillion each year. πŸ”—
  • In January 2022, Lyra Health acquired ICAS World as part of its plan to brings its mental health offering to employees around the world. Through this acquisition, Lyra will be able to offer a single source for comprehensive, localized mental health care to more than 10 million members around the world. πŸ”—
  • "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." - Marc Stad, Founder and Managing Partner at Dragoneer πŸ”—
  • Global professional services firm Aon has found that employers offering Lyra's mental health care benefits realized significantly reduced overall health care claims costs starting in year one. πŸ”—
Last update: March 10, 2022