Investing in Health | January 20, 2022

Lyra Health raises $235 million to help employers provide mental health benefits

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, January 20 — Burlingame, Calif.-based Lyra Health works with companies like Uber and Morgan Stanley to provide mental health benefits for 10 million employees and their families.

It recently acquired ICAS World, a British company that provides employee health and wellness programs for approximately 1,500 companies.

Lyra’s Series F investment, at a valuation of $5.58 billion, was led by Dragoneer Investment Group, with participation from Salesforce Ventures and Coatue. The company has raised nearly $1 billion. 

Productivity losses due to depression and anxiety cost the global economy $1 trillion each year.

“Providing high-quality mental health for diverse employee populations around the world is one of the most critical and challenging issues for employers today,” said Lyra’s David Ebersman.