The LianBio team has deep expertise in drug development and is well positioned to successfully commercialize LYR-210 in these Asian territories. Lyra is now able to directly support more than 2 million members as we enable employers to offer their people easy, effective access to clinically proven mental health care. Phone Number +1 877 0505 7147. Get the full list, Youre viewing 5 of 10 board members. About Lyra HealthLyra 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, providers, and employers. Chrome Extension. This new funding will help Lyra deliver comprehensive and culturally responsive mental health care for organizations and their employees and families, said Ebersman. Investors Security Type; CASTLIGHT HEALTH, INC. Revenue: $100 to $500 million (USD) Competitors: Unknown. Resources. Coatue Management invested in Lyra Health's Series G funding round. Sisco is currently co-president and chief financial officer at Workday. Contact:Dyani Vanderhorst[emailprotected]m (650) 240-3240, Cision Distribution 888-776-0942 Lyra delivers clinically proven mental health care for employees and family members across all facets of mental health, from wellness and preventive care to the most severe conditions. It was founded in 2010 and is based in Santa Monica, California. About Dragoneer Investment GroupDragoneer is a growth-oriented investment firm with over $25 billion in long-duration capital. 22 Shares. Some, like San Francisco, Calif.-based Calm, valued at $2 billion, dont have a medical component. When typing in this field, a list of search results will appear and be automatically updated as you type. Given the spotty coverage, Kocher and Ebersman hypothesized that employers would be willing to pay for a separate mental health benefit, especially since depression is one of the leading causes of disability worldwide. Tyler Gagnon, CanaleComm "Her deep expertise in finance and operations at leading global organizations will be significant assets for Lyra as we work together to provide a single source for effective mental health care for the world's greatest companies.". Contact Email care@lyrahealth.com. Celebrity endorsements, like Olympic swimmer Michael Phelps campaign with virtual therapy startup Talkspace, started to chip away at the long standing stigma, while mindfulness apps like Calm offered meditation sessions at the click of a button. Lyra's curated network includes more than 5,000 coaches, therapists, and doctors in the U.S., with an additional 85,000 providers available worldwide through global partnerships. Lyra Health has kept busy over the past year. 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.. When typing in this field, a list of search results will appear and be automatically updated as you type. The data presented on this page does not represent the view of Lyra Health and its employees or that of Zippia. Is Lyra Health a public company? Solutions. Upon commercialization on a region-by-region basis, Lyra also will be entitled to receive low double-digit royalties based on net sales of LYR-210 in the licensed territories. The next mental health startup to reach a billion dollar valuation was Calm in 2019. While there is widespread agreement that improving access to mental health services is sorely needed, the explosion of funding and sky high valuations means consumers and clinicians are left to sort through hundreds of options without a good sense of which will work and which are just hype. In a single month, Lyra Health normally makes close to $775,000 in revenue. Around one in four Americans dont have access to in-network therapists, according to the National Alliance on Mental Illness. For more information about Lyra Healths innovative mental health benefits for employers, visit lyrahealth.com. With the new funding, Lyra plans to accelerate its delivery of evidence-based mental health benefits for companies with employees located around the world. Apr 18, 2022. "Providing high-quality mental health care for diverse employee populations around the world is one of the most critical and challenging issues for employers today. One in five people struggle with mental health challenges such as anxiety, depression, or substance use disorder, said David Ebersman, Lyra Health CEO and co-founder. Lyra Health's revenue is $9.3 Million - Learn more about Lyra Health's revenue by exploring their annual revenue, historical revenue, quarterly revenue, and revenue per employee. PitchBooks comparison feature gives you a side-by-side look at key metrics for similar companies. About Lyra HealthLyra Health, a leading provider of innovative mental health benefits for more than 2.2 million global employees and dependents, is transforming mental health care by creating a frictionless experience for members, providers, and employers. 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. The company operates a business-to-business (Headspace for Work) to offer its mindfulness products and services to sectors such as government entities, nongovernmental organizations, and National Health Service (NHS) to offer digital mental health tools. is betting on Lyra Health . Lyra separately announced today new plans to enhance its international solutions. Dr. . This is the only company I've ever worked with, where we don't have to do marketing, says Kocher. Lyra currently serves more than 2.2 million members globally. Her deep expertise in finance and operations at leading global organizations will be significant assets for Lyra as we work together to provide a single source for effective mental health care for the worlds greatest companies., Transforming Access to Mental Health Care Around the World. When the pandemic hit, there was a two-week pause, says Lisa Suennen, a longtime healthcare investor who leads the venture fund at the law firm and consultancy Manatt, Phelps & Phillips. In 2015, Ebersman cofounded Lyra Health with two Venrock partners and Castlight investors, Bob Kocher and Bryan Roberts, as well as Dena Bravata, Castlight's chief medical officer. Lyra Health has raised around $910 million in funding over 8 rounds from investors like Salesforce Ventures, Coatue, and Emerson Collective. This new funding will help Lyra deliver comprehensive and culturally responsive mental health care for organizations and their employees and families," said Ebersman. 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. With the new funding, Lyra will accelerate its delivery of comprehensive, evidence-based, culturally responsive mental health care benefits for employees and their families around the world. There were 124 deals last year, compared to 69 deals in 2016. "As the demand for mental health care accelerates worldwide, I am honored to join them in the quest to deliver a powerful support system for companies and their employees. And that's not unique to mental health, thats digital health across the board right now.. The round was led by Addition and had . LifeStance Health Group, an outpatient mental health provider backed by investment firm TPG Capital, announced plans this month to go public at an estimated more than $6 billion valuation. Lyra provides evidence-based care that supports people across all facets of mental health, from wellness and preventive care to the most severe conditions. Last August, the company cemented its . When typing in this field, a list of search results will appear and be automatically updated as you type. Date Investors Percent Raised Target Size; January 28, 2021: 33: 100%: Investor Activity Lyra Health has actively raised capital from investors. Industry: Health Care Services & Hospitals. You can't just put a tool in an inequitable system and expect it to solve all of those inequities, says Nicole Martinez-Martin, an assistant professor at the Stanford Center for Biomedical Ethics who studies mental health apps. 2023 Lyra Health, Inc. works in partnership with Lyra Clinical Associates P.C. . The additional funds bring its total amount raised to more than $480 million and the company valuation to approximately $2.3 billion, according to a Lyra spokesperson. June 14, 2021 08:00 AM ET, BURLINGAME, Calif. Lyra Health, the leading provider of comprehensive mental health care benefits for employers, today announced it has completed a $200M financing. Who are Lyra Health's competitors? The company, which now has an enterprise division that sells to businesses, claims to help users reduce stress and sleep better. Theres also concern that the hyper focus on technology and virtual care is like putting lipstick on a pig. It covers mental well-being needs through both evidence-based technology and professional support from a coach or therapist. Type: Company - Private. Unmind operates as a workplace mental health platform. Any such forward-looking statements represent managements estimates as of the date of this press release. 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. 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. The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution. our sites and services. Spring Health was founded in 2016 and is based in New York,New York. The highwater mark was set pre-pandemic when the telepsychiatry and specialty pharmacy company Genoa Health sold to UnitedHealth Group for $2.5 billion in 2018. Lyra Health has raised a total of $910.1M in funding over 8 rounds. January 21, 2022. Lyras XTreo platform is comprised of a biocompatible mesh scaffold, an engineered elastomeric matrix and a versatile polymer-drug complex. These investors may include private investors, venture capital firms, or other investment vehicles. Developer of a digital health platform designed to transform mental health care through technology along with the human touch. and other contracted partners to be your Lyra Care Navigator Team and deliver clinical services. Log In. 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. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. With the new funding, Lyra will accelerate its delivery of comprehensive, evidence-based, culturally responsive mental health care benefits for employees and their families around the world. The startups take different approaches to connecting users with mental health services. Join us for Breakthrough, Lyras annual mental health conference, in San Francisco. But venture capital-backed technology startups alone wont solve the complicated morass of weak insurance coverage, crazy administrative hoops for patients in distress and clinicians burned out from carrying the weight of Americas pain. Coatue led the round and was joined by new investor Sands Capital, along with existing investors. Lyra Health's latest post-money valuation is from January 2022. The firm's track record includes public and private investments across industries and geographies, with a particular focus on technology-enabled businesses. We are reaching out to the company and investors for a . BURLINGAME, Calif, Jan. 28, 2021 /PRNewswire/ --Lyra Health, the leading provider of comprehensive mental health care benefits for employers, today announced a Series E financing round of $187 million. After extensive research and analysis, Zippia's data science team found the following key financial metrics. Leading self-insured employers partner with Lyra to tailor value-driven mental health benefits programs specific to their workforce. Lyra Health now worth $2.3B on heels of . The biggest hurdle isn't treatmentit's access. Company Type For Profit. Funding. From 2016 to 2018, she served as a professor at the Center for Innovation for Global Health at Stanford University. Gold recognizes that the U.S. mental healthcare system is broken and is all for getting vulnerable patients the help they need. While Lyra has grown steadily since its founding in 2015, 2020 was quite the breakout year for Lyra, which more than doubled its customer base to over 2 million members and raised about $185 million across two different funding rounds.That funding helped push Lyra's total valuation above $1 billion, making it one of a very few unicorns in the behavioral health spaces. All rights reserved. Get the full list, To view Lyras complete patent history, request access, Youre viewing 5 of 16 executive team members. Coatue led the round and was joined by new investor Sands Capital, along with existing investors. Win whats next. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Lyra Health. Existing partners also participated in the funding round. Lyra separately announced today it has acquired ICAS World, an employee assistance program provider with operations in more than 155 countries. Sisco is currently co-president and chief financial officer at Workday. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, Lyra Health Study Finds Managers Struggling to Handle Employee Mental Health Concerns. U.S. Industry Overview & Market Statistics: INDEPENDENT SCHOOL GROUP LIFE & DISABILITY TRUST, Complete list of funding rounds and total amounts in the, EBIT (Earnings Before Interest and Taxes), Revenue from previous years (2010 to present), Funding from Venture Capital and Private Equity firms, Additional industries in which the company operates, What is the company's size? LianBios mission is to catalyze the development and accelerate availability of paradigm-shifting medicines to patients in Greater China and other major Asian markets through partnerships that provide access to the best science-driven therapeutic discoveries. Chris Metinko. The World Health Organization estimates that the loss in productivity due to depression and anxiety alone costs the global economy $1 trillion each year. Using matching technology and an innovative digital platform, Lyra quickly connects companies and their employees plus spouses and children to world-class therapists, mental health coaches, and personalized medication prescribing. BURLINGAME, Calif. , Jan. 19, 2022. . Lyra Health's latest post-money valuation is from January 2022. Email; Facebook; . Learn more. Lyra is dedicated to redefining access to high-quality mental healthcare for both individuals and employers on a global scale, said Sisco. We heard from HR and benefits leaders, benefits consultants, and Lyra experts on top-of-mind issues for mental health in the workplace. The publication initially broke the news back in May, according to two people familiar with the deal. This latest financing round will allow Lyra to continue to develop new and innovative care solutions while reaching new customers and members.". Dragoneer has a history of partnering with management teams growing exceptional companies characterized by sustainable differentiation and superior economic models. Lyra Health is the leading provider of Workforce Mental Health benefits, serving 10 million global employees and their dependents. "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.". Personalize which data points you want to see and create visualizations instantly. from 8 AM - 9 PM ET. Theres also the question of what might be lost if the majority of mental health visits shift online. PitchBooks non-financial metrics help you gauge a companys traction and growth using web presence and social reach. Through the partnership, Lyra is making it easier for employers to offer a wide range of mental health tools from a single platform. Sign up for a free trial to see revenue data from 2020 and more. In January, Talkspace announced plans to go public in a SPAC deal valuing the company at $1.4 billion; the deal is expected to close later this year. Media Contact: . "The traditional mental health care system cannot address the critical needs people have today. For more information, please visit www.lianbio.com. The company has between 500 and 1000 employees and is backed by 20 investors. Get the full list, To view Lyras complete acquisitions history, request access, To view Lyras complete subsidiaries history, request access, Morningstar Institutional Equity Research. Worldwide, 970 million people are living with mental health issues. None of the information on this page has been provided or approved by Lyra Health. It uses an assessment and machine-learning technology to understand all of the conditions of person may be experiencing and uses those results to match them to a care plan personalized to their needs. "2020 put the need for mental health care transformation in sharp focus, as more people sought help during these extraordinary and difficult times," said David Ebersman, Lyra Health CEO and co-founder. Investors of Lyra Health include Coatue Management, Dragoneer Investment Group, Salesforce Ventures, Institutional Venture Partners, Sands Capital and 19 more. Get the full list, Youre viewing 5 of 35 investors. In April, KKR acquired a majority interest in the mental health electronic records software company Therapy Brands for an undisclosed amount. In the LANTERN Phase 2 clinical trial, LYR-210 (7500mcg) demonstrated rapid, clinically meaningful and durable symptom improvement in symptom scores over six months. For more information, visit lyrahealth.com and follow us on LinkedIn, Facebook, and Twitter. 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. Lyra Therapeutics: Investor Contact: Argot Partners 212-600-1902 Lyra@argopartners.com Media Contact: Kathryn Morris 914-204-6412 kathryn@theyatesnetwork.com LianBio Investor Contact: Elizabeth . Transforming Access to Mental Health Care Around the WorldNearly 1 billion people worldwide suffer from a mental health disorder, yet more than 70% of people don't have access to the care they need. Investor Contact: "One in five people struggle with mental health challenges such as anxiety, depression, or substance use disorder," said David Ebersman, Lyra Health CEO and co-founder. San Francisco-based 6sense closed a $200 million Series E co-led by new investors Blue Owl and MSD Partners at a $5.2 billion valuation . Lyra quickly connects members to an exclusive network of evidence-based providers, mental health coaches, digital wellness tools, and personalized medication programs. Lyra Health revenue is $9.3M annually. (Neither company can help people who are in a life-threatening mental health crisis and instead link to resources like the National Suicide Prevention Line.) Analyst Briefing Submitters are 7x more likely to receive a qualified connection. 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. Sign up for a free trial to see Lyra Health's valuations in January 2022, January 2021, August 2020 and more. Lyra Health raised $187000000 on 2021-01-28 in Series E. Search Crunchbase. Dragoneer led the round and was joined by new investor Salesforce Ventures along with existing investor Coatue. If you or someone you know is thinking about suicide, please call the National Suicide Prevention Lifeline at 800-273-TALK (8255) or text the Crisis Text Line at 741-741. 508 904 9446 Dragoneer has a history of partnering with management teams growing exceptional companies characterized by sustainable differentiation and superior economic models. The digital behavioral-health-benefits platform Lyra Health announced today the closing of its Series E funding round worth $187 million. WATERTOWN, Mass. 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. Lyra Health has a post-money valuation in the range of $1B to $10B as of Jan 19, 2022 . Lyra Health's valuation in June 2021 was $4,600M. For more information, visit lyrahealth.com and follow us on LinkedIn, Facebook, and Twitter. The Series F was led by Coatue and values the company at an astounding $4.6 billion. ", "We are excited to welcome Robynne to our Board of Directors," said David Ebersman, Lyra Health CEO and co-founder. Competitors of Lyra Health include Spring Health, Twill, Strove, Valera Health, Alma, Brightline, Sanarai, TaskHuman, moka.care, Panda and 21 more.
Disadvantages Of Fir Wood,
What Is Morrell Snow Cap Lard Made Of Pork,
Articles L
