About Lyra Health
Lyra Health is a company based in Burlingame (United States) founded in 2015 by David Ebersman.. Lyra Health has raised $906.13 million across 9 funding rounds from investors including Fidelity Investments, Castlight and Baillie Gifford. Lyra Health has completed 2 acquisitions, including Bend Health and ICASworld. Lyra Health offers products and services including Mental Health App, Consultations, and Workforce Strategy. Lyra Health operates in a competitive market with competitors including Magellan Health, AbleTo, Thrive Global, Wysa and LifeSpeak, among others.
- Headquarter Burlingame, United States
- Founders David Ebersman
- Stage Unicorn
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Sectors
TechnologyHealthcare
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Email
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Phone
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Website
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Social
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- Legal Name Lyra Health Care Private Limited
- Date of Incorporation 15 Jul, 2009
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$17.14 K (USD)0as on Mar 31, 2021
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Net Profit
$39.99 (USD)139.38as on Mar 31, 2021
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EBITDA
$54.04 (USD)154.31as on Mar 31, 2021
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Total Equity Funding
$906.13 M (USD)
in 9 rounds
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Latest Funding Round
$235 M (USD), Series F
Jan 19, 2022
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Investors
Fidelity Investments
& 23 more
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Employee Count
Employee Count
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Investments & Acquisitions
Bend Health
& 1 more
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Products & Services of Lyra Health
Lyra Health offers a comprehensive portfolio of products and services, including Mental Health App, Consultations, and Workforce Strategy. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
App for AI-powered mental health support and self-care tools.
Evidence-based treatments for employee mental health issues.
Tools for companies to enhance mental health programs.
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Funding Insights of Lyra Health
Lyra Health has successfully raised a total of $906.13M across 9 strategic funding rounds. The most recent funding activity was a Series F round of $235 million completed in January 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 9
- Last Round Series F — $235.0M
- First Round First Round
- Investors Count 24
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2022 | Amount | Series F - Lyra Health | Valuation | Dragoneer Investment Group | |
| May, 2021 | Amount | Series E - Lyra Health | Valuation | Coatue | |
| Jan, 2021 | Amount | Series E - Lyra Health | Valuation | Addition |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Lyra Health
Lyra Health has secured backing from 24 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Fidelity Investments, Castlight and Baillie Gifford. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Private equity investments are made in technology-enabled growth companies.
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Founded Year | Domain | Location | |
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Provider of an investment platform for various stages
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Founded Year | Domain | Location | |
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Early-stage tech startups are funded by corporate-backed Salesforce Ventures.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Lyra Health
Lyra Health has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Bend Health and ICASworld. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Mental health services are provided through a standalone clinic.
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2021 | ||||
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Employee assistance and mental health services are provided to organizations.
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1987 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Lyra Health
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Lyra Health Comparisons
Competitors of Lyra Health
Lyra Health operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Magellan Health, AbleTo, Thrive Global, Wysa and LifeSpeak, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Behavioral healthcare management and pharmacy services are provided for employees.
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| domain | founded_year | HQ Location |
Offers a digital platform to connect people with licensed therapists and coaches
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| domain | founded_year | HQ Location |
Mental wellbeing coaching platform is provided for enterprises.
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| domain | founded_year | HQ Location |
AI-driven mental health support platform is provided by Wysa.
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| domain | founded_year | HQ Location |
Cloud-based platform for employee wellness
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Lyra Health
Frequently Asked Questions about Lyra Health
When was Lyra Health founded?
Lyra Health was founded in 2015.
Where is Lyra Health located?
Lyra Health is headquartered in Burlingame, United States. It is registered at Burlingame, California, United States.
Is Lyra Health a funded company?
Lyra Health is a funded company, having raised a total of $906.13M across 9 funding rounds to date. The company's 1st funding round was a Series E of $187M, raised on Jun 04, 2015.
What is the annual revenue of Lyra Health?
Annual revenue of Lyra Health is $17.14K as on Mar 31, 2021.
What does Lyra Health do?
Lyra Health was founded in 2015 in Burlingame, United States, within the mental health sector. AI-driven benefits are offered to employers through a network of providers delivering evidence-based care. Access to treatment is facilitated by matching tools and support features, while outcomes are tracked to support employee well-being and lower organizational costs. Services encompass various demographics, with tools available for workforce mental health initiatives.
Who are the top competitors of Lyra Health?
Lyra Health's top competitors include Thrive Global, Magellan Health and Headspace.
What products or services does Lyra Health offer?
Lyra Health offers Mental Health App, Consultations, and Workforce Strategy.
How many acquisitions has Lyra Health made?
Lyra Health has made 2 acquisitions, including Bend Health, and ICASworld.
Who are Lyra Health's investors?
Lyra Health has 24 investors. Key investors include Fidelity Investments, Castlight, Baillie Gifford, Origin Investments, and Dragoneer.
What is Lyra Health's valuation?
The valuation of Lyra Health is $5.58B as of Jan 2022.
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