Lyra Health Raises $200M for Mental Health

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.

“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. “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.”

Lyra delivers mental health for employees and family members at leading multinational companies, including eBay; Genentech, a member of the Roche Group; Uber; and VCA Animal Hospitals. Lyra currently serves more than 2.2 million members globally.

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.

Announcement: Lyra Health Raises $200M for Mental Health