Lantern, a San Francisco, CA-based provider of evidence-based online mental health wellness services, received a $17m investment.
The round was led by Pittsburgh-based healthcare company UPMC with participation from previous investors Mayfield Fund, SoftTech VC and Stanford University.
Founded in 2012 by CEO Alejandro Foung, Lantern provides personalized online programs coached by experienced professionals to strengthen emotional well-being. The company’s programs are based on a proven approach called Cognitive Behavioral Therapy, and are built in partnership with experts at Stanford University, Penn State University, and Washington University in St. Louis.
Following the investment, as a part of a broader collaboration, UPMC clinicians will work with Lantern on pilots aimed at expanding its programs to additional behavioral health issues and potentially to populations of patients with more complex conditions.