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Lyra Health, a behavioral health benefits platform for employers, shared today it has closed a $200 million financing round led by Coatue. Sands Capital and the company’s existing investors also participated in the raise.
This raise brings Lyra’s total funding to date to $680 million and values the company at $4.2 billion, according to a company spokesperson.
WHAT IT DOES
Offered as a health benefit, the Lyra platform matches employees and their dependents to mental healthcare professionals and personalized evidence-based treatments. Members can choose the care options that work best for them, whether through in-person visits, video sessions, one-to-one messaging or digital activities.
Using principles from cognitive behavioral therapy, the platform combines time spent with healthcare professionals with ongoing support between sessions to help users progress. Lyra also tracks users’ progress to help providers personalize treatment and to give employers a population view of their workers’ wellbeing.
Lyra boasts client companies such as eBay and Uber and says it has more than 2.2 million members globally. WHAT IT’S FOR Building off its recent partnership with ICAS World , Lyra is using the new capital to support the launch of its new international service options.”One in five people struggle with mental health challenges […]