Lyra Health

Lyra Health’s mission is to transform behavioural health care through technology with a human touch — to get more patients the care they need when they need it.

Lyra Health is a leading provider of innovative mental health benefits for more than 2 million U.S. employees and dependents. It is aiming to transform mental health care by creating a frictionless experience for members, providers, and employers. Using matching technology and a digital platform, Lyra connects companies and their employees–plus spouses and children–to therapists, mental health coaches, and personalised medication prescribing. Lyra’s platform also enhances the care process using technology to support clients and providers in between sessions.

In August 2020 Lyra became a Unicorn when it raised $110m in Series D funding. The company stated it would use the new funding to build out its teletherapy service and expand its service offering.

Less than a year after securing Unicorn status and raising $110m in Series D funding, Lyra Health raised $187m in Series E funding in January 2021. The company went on to secure a further $200m in May 2021.

Lyra completed a $235m funding round in January 2022. The new funding will be used to accelerate the delivery of its mental health care benefits globally. The company also announced separately that it had acquired global employee assistance program provider ICAS world.

In June 2023 Lyra Health, and financial services company, MetLife, partnered and launched a new program that provides employees with access to mental health services as part of their recovery when they file a disability or absence claim. The collaboration connects eligible employees to Lyra’s global network of more than 28,000 providers through a referral at claim stage, enabling employers to provide their employees with access to more comprehensive well-being services during their leave.