Lyra Health Raises $200M in Funding


Lyra Health, a Burlingame CA-based company which specializes in comprehensive mental health care benefits, raised $200M in funding.

The round was led by Coatue joined by new investor Sands Capital, along with existing investors.

With the new funding, the company plans to accelerate the delivery of its benefits for companies with employees located around the world and enhance its international solutions.

Led by David Ebersman, CEO and co-founder, Lyra Health is a provider of comprehensive mental health care benefits for multinational companies, including eBay; Genentech, a member of the Roche Group; Uber; and VCA Animal Hospitals. Lyra provides evidence-based care that supports people across all facets of mental health, from wellness and preventive care to the most severe conditions. Its Blended Care Therapy pairs video counseling sessions, one-to-one messaging, and digital activities prescribed by the provider to support individuals in their everyday lives. Based on Cognitive Behavioral Therapy principles, this treatment model with ongoing support between sessions helps individuals improve faster. 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 currently serves more than 2.2 million members globally.