What You Should Know:
- Rock Health report reveals Q1 2022 digital health funding closed with $6.0B across 183 deals, and an average deal size of $32.8M.
- Q1 2022 digital health funding was significantly behind Q4 2021’s $7.3B and the trailing twelve month quarterly average of $7.1B.
Digital health funding reached a total of $6B in Q1 2022 across 183 deals, and an average deal size of $32.8M, according to Rock Health, a full-service venture fund
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Lyra Health
Lyra Health Launches Care Integration Solutions for Alcohol Use Disorder and Other Serious Mental Illnesses
What You Should Know:
- Lyra Health, a Burlingame, CA-based provider of comprehensive mental health care benefits for global employers, today announced the first technology-integrated care solutions designed to address serious mental health issues such as alcohol use disorder (AUD), suicidality, and other complex mental health diagnoses.
- Traditional employee assistance programs and health plans too often don’t effectively support people with serious mental illnesses and substance use
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Lyra Health Completes $200M at $4.6B Valuation for Digital Mental Health Platform
What You Should Know:
- Lyra Health, a provider of comprehensive mental health care benefits for employers, today announced it has completed a $200M financing led by Coatue and joined by new investor Sands Capital, along with existing investors.
- Lyra plans to accelerate its delivery of evidence-based mental health benefits for companies with employees located around the world.
Smarter Mental Health Benefits, Better Outcomes
Accessing and receiving mental healthcare is
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Lyra Health Raises $187M at $2.3B Valuation for Digital Mental Health Platform
What You Should Know:
- Lyra Health just announced another massive funding round of $187M, bringing its total to approximately $462 million and the valuation to approximately $2.3 billion.
- The company, which previously raised a series D round in August of $110M at a valuation slightly above $1 billion has now more than doubled in value.
- Lyra Health also announced a new partnership with global benefits company ICAS, which now allows it to provide some level of mental health parity to
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Analysis: August Health IT M&A Activity; Public Company Performance
– Healthcare Growth Partners’ (HGP) summary of Health IT/digital health mergers & acquisition (M&A) activity, and public company performance during the month of August 2020.
M&A is back and the velocity of the rebound has outpaced all expectations. The recovery quickly worked its way across the spectrum from large to small-cap, beginning with the larger cap NASDAQ rally of nearly 80% from lows in late March (only to soften in recent days), followed by multi-billion
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Lyra Health Reaches $1.1B Valuation After $110M Series D to Meet Demand for Teletherapy
What You Should Know:
- Mental health benefits provider Lyra Health raises $110M
in Series D funding, bringing its valuation to $1.1 billion.
- Lyra has grown significantly in 2020. So far this year,
the company has added more than 800,000 new members to the population eligible
to receive Lyra benefits, bringing its total member population to more than 1.5
million.
- Amid, the COVID-19 pandemic, Lyra is focused on
expanding its enhanced teletherapy offering — Lyra Blended Care —
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Powered by Lyra Health, Starbucks Offers U.S. Employees Access to Mental Health Therapist/Coach
What You Need to Know:
- Starbucks partners with Lyra Health to offer all U.S. partners and eligible family members with a mental health therapist or coach.
- Through Lyra Health’s platform, all U.S. partners (employees) and eligible family members will receive 20 mental health sessions with a therapist or coach each year at no cost.
- Offering a new mental health care resource is part of Starbuck's larger mental health initiative announced in September, created based on partner
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CB Insights Unveils ‘Digital Health 150’ List of Startups Transforming Healthcare
- CB Insights unveils first-ever annual ‘Digital Health 150’ list of digital health startups working to transform the healthcare industry.
- The Digital Health 150 companies span a wide spectrum of categories that involve all three key stakeholder groups for the healthcare industry — providers, payers, and patients.
- A total of 17 companies on the list are unicorns (private companies valued at $1B+). Of these, 12 companies are US-based, 3 are based in China, 1 is based in France, and 1
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Lyra Health Raises $45M to Connect Employees to Effective Mental Health Providers
Lyra Health, a Burlingame, CA-based digital health startup has raised $45 million in Series B funding to expand access to effective mental healthcare for companies and their employees. The round included participation from new investors Tenaya Capital, Glynn Capital, Crown Ventures, and Casdin Capital with existing investors including Greylock Partners, Venrock, and Providence Ventures. The company plans to use the latest round of founding to develop technology that improves treatment outcomes
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Lyra Health, Welkin Health Partner to Develop Personalized Care for Behavioral Health Needs
Lyra Health, a digital health company transforming access to behavioral health in the workplace, has partnered with digital health startup Welkin Health to develop an end-to-end solution that will strengthen Lyra's work providing timely and personalized care for employers, and their employees in need of behavioral health services.Welkin’s configurable case management platform consolidates email, text, and phone communications between patient and care provider, creating a comprehensive overview
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