Lyra Health, a Burlingame, Calif.-based provider of comprehensive mental health care benefits for employers, raised $187m in Series E financing round.
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.
Led by David Ebersman, CEO and co-founder, Lyra Health is a provider of innovative mental health benefits for more than 2 million U.S. employees and dependents. 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.