Which funding types raised the most money? BURLINGAME, Calif., Jan. 19, 2022 /PRNewswire/ --Lyra Health, the leading provider of innovative Workforce Mental Health solutions for employers, today announced it has completed a $235M financing. Once an employee joins Lyra, the company creates a set of recommendations for the now-patient based on a survey. Change value during other periods is calculated as the difference between the last trade and the most recent settle. Even the spread of remote work is part of the problem: As everyone stays at home, the lack of interaction and watercooler chat has left employees without in-person interaction. Please check your download folder. No significant news for in the past two years. One of the keys to the companys success is using clinical measurement tools to establish improvement over time. Lyra quickly connects members to an exclusive network of evidence-based providers, mental health coaches, digital wellness tools, and personalized medication programs. Update: Discord confirms raising $100M at a valuation of $7B. We are reaching out to the company and investors for a response to the filing. The average person when starting care in 2020 is feeling more anxious and more depressed than we've seen in any prior year, says Ebersman. Aside from the disclosure on some surveys, Lyra has laid out its data practices in a privacy policy, a more than 5,000-word document that lives at the bottom of its website. The company says the data sharing complies with the Health Insurance Portability and Accountability Act of 1996 (HIPAA), which regulates the use of health information. Who is Lyra Therapeutics transfer agent and how do I contact them? For more information and address change forms, contact American Stock Transfer by telephone at, Quarterly & Annual Reports and other investor materials, when available, can be found in, You can view our recent press releases by visiting the, For media inquiries please send an email to, You can view information on our development programs by visiting the, For investor related questions please send an email to, To request additional information, please visit our. About ICAS WorldICAS is a leading provider of Employee Assistance Programmes to the business community. Because of Covid, economic uncertainty, and conversations around racial injustice, people are really struggling even more, and it's an important time to invest in a service that really will be there for their employees when they need it, says Ebersman, who previously served as chief financial officer of Genentech and Facebook. Based in Henderson, N.V., Ontrak is an AI-powered health technology company. This is a tricky space to play in, considering that mental health can still feel taboo in workplaces and employees might feel uncomfortable turning to their employers for support. To read this article and more news on Lyra Health, register or login. Shares of Lyra Therapeutics Inc. , a biotech specializing in treatments for ear, nose and throat diseases, soared 32% in their trading debut Friday, after the company's initial public offering priced at the top end of the Lyra Therapeutics Inc. , a biotech specializing in treatments for ear, nose and throat diseases, priced its initial public offering late Thursday at $16 a share, the high end of its price range. Dragoneer led the round and was joined by new investor Salesforce Ventures along with existing investor Coatue. Something went wrong while loading Watchlist. Companies around the world will now have a single source for innovative, evidence-based, culturally responsive mental health benefits for employees and their families. Lyra Health does not currently have an official ticker symbol because this company is still private. During the pandemic, Lyra Health has brought on 80,000 new users, to a total of 1.5 million users last reported. The Burlingame, California-based company expects to hit more than $100 million in revenue by the end of the year, and the latest funding round brings its valuation to $1.1 billion, according to a company representative. January 19, 2022 08:00 AM EDT, BURLINGAME, Calif. Lyra Health, the leading provider of innovative Workforce Mental Health solutions for employers, today announced it has completed a $235M financing. In her distinguished career, Sisco has held senior finance roles at VMware, VeriSign, and Oracle and she brings to Lyra more than 30 years of experience in corporate finance, accounting operations, investor relations, legal, and procurement. "Providing high-quality mental health care for diverse employee populations around the world is one of the most critical and challenging issues for employers today. Assertio (ASRT) Soars 5.1%: Is Further Upside Left in the Stock? EPS $5.70-$6.50; FactSet consensus $6.72, Best Buy Q4 same-store sales down 9.3%, missing FactSet consensus for a decline of 5.5%, Best Buy Q4 revenue down 10% to $14.74 bln, tops the FactSet consensus $14.72 bln, Best Buy Q4 adj. The World Health Organization estimates that the loss in productivity due to depression and anxiety alone costs the global economy $1 trillion each year. Lyra Therapeutics, Inc. (NASDAQ: LYRA) was in 6 hedge funds' portfolios at the end of September. Who are the members of Lyra Therapeutics Board of Directors? How can I sign up to receive Lyra Therapeutics press releases and other company information? Addressing a Global CrisisMental health is a global crisis. It develops novel integrated drug and delivery solutions for the localized treatment of patients with ear, nose and throat, or ENT, diseases. Visit a quote page and your recently viewed tickers will be displayed here. Where can I find more information on Lyra Therapeutics R&D programs? After swirling media reports over the last few weeks that Lyra Health was raising a massive amount of new funding, the Burlingame-based mental health benefits Lyell Immunopharma (LYEL) Reports Q4 Loss, Tops Revenue Estimates, Theravance Biopharma (TBPH) Reports Q4 Loss, Lags Revenue Estimates, PTC Therapeutics (PTCT) Reports Q4 Loss, Misses Revenue Estimates, Sage Therapeutics, Inc. (SAGE) Reports Q4 Loss, Tops Revenue Estimates, Analysts Offer Insights on Healthcare Companies: Cigna (CI), Idexx Laboratories (IDXX) and Lyra Therapeutics (LYRA), Stocks That Hit 52-Week Lows On Wednesday, Lyra Therapeutics, Inc. (LYRA) Reports Q3 Loss, Misses Revenue Estimates, Important Biotech Catalysts For September 13, 2022 - End Of The Day Summary, Lyra's Mid-Stage Chronic Rhinosinusitis Candidate Study Progressed, Shares Fall, Important Biotech Catalysts For September 8, 2022 - End Of The Day Summary, Lyra Therapeutics's Return On Capital Employed Overview, Lyra Therapeutics, Inc. (LYRA) Reports Q2 Loss, Lags Revenue Estimates. As reported by Forbes, Lyra Health was set to bring in around $100 million in revenue by the end of the year at the time of its prior fundraise. Log in to see them here or sign up to get started. This acquisition accelerates Lyra's investment in making culturally responsive mental health care services, such as mental health assessments, coaching, therapy, and guided self-care available on a global scale. You can foster gratitude for yourself, and organizations can cultivate cultures of gratitudeand these will have positive effects for people and their mental health as well as for business. "Leading companies understand the immediate, critical need to provide effective mental health care for their employees and their families," said David Ebersman, Lyra Health CEO and co-founder. "As the demand for mental health care accelerates worldwide, I am honored to join them in the quest to deliver a powerful support system for companies and their employees. About Lyra HealthLyra Health is the leading provider of Workforce Mental Health benefits, serving 10 million global employees and their dependents. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. In the latest development, it emerged that Lyra Health, a platform that focuses on providing workforces with mental health care, has filed paperwork to raise a $175 million Series E at a $2.25 billion valuation. Where can I find recent Lyra Therapeutics press releases? Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. Nearly 1 billion people worldwide suffer from a mental health disorder. Lyra Therapeutics is traded on the NASDAQ Global Select Market under the symbol LYRA. Will Retail Health Really Disrupt Healthcare? The home health crisis impacts not only a vulnerable workforce, but the patients and families who find themselves navigating complicated logistical and emotionally fraught issues as they attempt to find long-term care for their loved ones. One of the biggest challenges in the $280 billion behavioral health market is access, given that only a fraction of the people that actually need care, get it, says Thomas Bremner, partner at Adams Street Partners. Lyra Health is a privately held company and is not publicly traded on NYSE or NASDAQ in the U.S. To buy pre-IPO shares of a private company, you need to be an accredited investor. Lyra Therapeutics Inc. is based in Watertown, Mass. BURLINGAME, Calif., Jan. 19, 2022 /PRNewswire/ --Lyra Health, the leading provider of innovative Workforce Mental Health solutions for employers, today announced it has acquired ICAS World, a global employee assistance program provider with a network of care professionals who offer localized support for people in more than 155 countries and 66 languages. Telehealth platform Lyra is taking on bigger mental health challenges. All Rights Reserved. For more information about Lyra Health's innovative mental health benefits for employers, visit lyrahealth.com. For more details on financing and valuation for Lyra Health, register or login. Angel - Uber), Number of Investors: Total number of Investors in a Funding Round, Money Raised: Amount of money raised in Funding Round, Lead Investors: Name of the investor who led the investment in the funding round, Investor Name: Name of the investor who participated in the Investment, Lead Investor: This field indicates whether an investor led/organized the investment, Funding Round: Name of the funding round where the Investment is made, Partners: Name of the individual who led a funding round for his/her firm, Acquiree Name: Name of the acquired organization, Announced Date: Date the acquisition was announced, Transaction Name: Auto-generated name of transaction (e.g. Learn more about how to invest in the private market or register today to get started. Five years later, Lyra is rapidly expanding, and by the end of this month expects to have delivered its one-millionth session. For more information, visit lyrahealth.com and follow us on LinkedIn, Facebook, and Twitter. Lyra Health has raised a total of $910.1M in funding over 8 rounds. Lyra's approach to mental health care has been proven to help members improve or recover faster and reduce medical claims costs for employers. Lee Fixels new venture firm Addition led the round and was joined by Adams Street Partners, along with existing investors, including former Starbucks CEO Howard Schultz, Casdin Capital, Glynn Capital, Greylock Partners, IVP, Meritech Capital Partners, Providence Ventures and Tenaya Capital. WebLyra Therapeutics is traded on the NASDAQ Global Select Market under the symbol LYRA. Lyra Health, which provides mental health benefits for large employers, became the latest healthcare technology startup to hit unicorn status on Tuesday, following a $110 million Series D round. Lyra Health serves patients worldwide. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. Thats where one of Lyras flagship products comes in: Blended Care. The acquisition builds on the successful existing partnership between the two companies. That effectively means the startup doubled its valuation in a handful of months, suggesting rapid growth or key validation. Established in 1987, ICAS has 35 years' experience in contributing to the health and performance of employees and organisations. "Her deep expertise in finance and operations at leading global organizations will be significant assets for Lyra as we work together to provide a single source for effective mental health care for the world's greatest companies.". Using technology to solve healthcare problems is a natural fit for Ebersman, who spent fifteen years in various executive roles at the biotechnology Genentech, including chief financial officer. Contact:Dyani Vanderhorst[emailprotected](650) 240-3240, Cision Distribution 888-776-0942 Copyright 2023 Forge Global, Inc. All rights reserved. As employers grapple with the fallout of the coronavirus pandemic, theres a reckoning taking place in human resources departments around the country: the need for better mental healthcare for employees. Lyra Health has raised $926.79MM with the following series: Any securities offered are offered by Forge Securities LLC, a registered Broker Dealer and member FINRA / SIPC. Lyra Health is the leading provider of Workforce Mental Health benefits, serving 10 million global employees and their dependents. January 28, 2021 Update: Lyra Health filed paperwork with the SEC indicating that it has raised $186.7 million in new equity financing. Its time to get rid of the biggest con job in healthcare. The company was founded by Carmichael S. Roberts, George M. Whitesides, and Robert S. Langer in November 2005 and is headquartered in Watertown, MA. WebLyra Therapeutics to offer 3.5 million shares in planned IPO, priced at $14 to $16 each Apr. Around one in four U.S. adults suffer from a diagnosable mental health condition and depression is one of the leading causes of disability worldwide. Has Lyra Therapeutics (LYRA) Outpaced Other Medical Stocks This Year? Their LYRA share price forecasts range from $15.00 to $20.00. Lyra Health, a Silicon Valley startup, has raised $675M+ in funding to connect employees of companies, such as Facebook, to mental health treatment. If I have questions regarding Lyra Therapeutics that have not been answered, whom should I contact. While it is not clear whether the company has closed the round, filings in Delaware usually appear after part or all of the funding has been secured. The company counts a wide range of industries among its client base, ranging from Morgan Stanley to Zoom Video Communications. The coronavirus pandemic has underscored, and often exacerbated, the mental health crisis that exists across the world. Shares can be purchased through a stockbroker of your choice. Through its global network, ICAS supports more than 1,500 companies and 6.3 million members and their families. There are currently no items in this Watchlist. Create a list of the investments you want to track. WebLyra Therapeutics market cap history and chart from 2020 to 2022. Lyra Therapeutics went public on April 2, 2020. Dragoneer has a history of partnering with management teams growing exceptional companies characterized by sustainable differentiation and superior economic models. ET by Ciara Linnane Other News Press Releases Stocks That Hit 52 Lyra Therapeutics transfer agent is American Stock Transfer & Trust Company, LLC (American Stock Transfer): Please contact our transfer agent, American Stock Transfer, by telephone at, You must send both your old and new addresses to our transfer agent, American Stock Transfer, by U.S. mail. WebView the latest Lyra Therapeutics Inc. (LYRA) stock price, news, historical charts, analyst ratings and financial information from WSJ. BURLINGAME, Calif. , Jan. 19, 2022. 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Lyra has raised around $275 million to date. Mutual Funds & ETFs: All of the mutual fund and ETF information contained in this display, with the exception of the current price and price history, was supplied by Lipper, A Refinitiv Company, subject to the following: Copyright 2019 Refinitiv. Lyra also announced that Kerry Chandler, chief human resources office at the global entertainment and sports company Endeavor, would join the board of directors. Lyra's approach to mental health care has been proven to help members improve or recover faster and reduce medical claims costs for employers. Contact:Dyani Vanderhorst[emailprotected]m (650) 240-3240, Cision Distribution 888-776-0942 Depression and anxiety alone cost the global economy an estimated $1 trillion each year. Lyra Health is a private company and not publicly traded. "Mental health issues are much more pervasive than is commonly known, and Lyra is thoughtfully redefining access to care by providing broad-based solutions through employers. Kocher and Roberts continue to serve on the board, while Bravata left the company. Lyra Health 4.2. Dragoneer has been an investor in companies such as Airbnb, Alibaba, Atlassian, AppFolio, Bytedance, Carbon Health, Ceridian, Chime, Datadog, Doordash, Duck Creek, Livongo, Maven, PointClickCare, Procore, Slack, Samsara, ServiceTitan, Snowflake, Spotify, Uber, UiPath, and others. Kotb has not appeared live on Today since February 17. Lyra's industry-leading workforce mental health solutions will now reach more than 155 countries through ICAS's proven global network. On which exchange is Lyra Therapeutics listed and what is the ticker symbol? Transforming Access to Mental Health Care Around the WorldNearly 1 billion people worldwide suffer from a mental health disorder, yet more than 70% of people don't have access to the care they need. Lyra Health is looking for a Proposal Manager to own complex proposal projects from start to finish, with an emphasis on public sector proposals. Fundamental company data and analyst estimates provided by FactSet. Lyra Health cofounder and CEO David Ebersman. Beauty, and Avid Tech See Activist Action, Lyra Therapeutics shares soar 32% in trading debut, Lyra Therapeutics raises $56 million in IPO, priced at high end of range, Lyra Therapeutics to offer 3.5 million shares in planned IPO, priced at $14 to $16 each. WhatsApp acquired by Facebook). Lyra separately announced today it has acquired ICAS World, an employee assistance program provider with operations in more than 155 countries. If you use our chart images on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. Who are the members of Lyra Therapeutics Executive Team? While the regular Lyra health benefit offers services for the whole family, the next step will be using this latest funding round to expand the Blended Care model to include services both for adolescents and couples. Lyra is transforming mental health care using intelligent matching technology, concierge support, and an innovative digital platform to deliver a frictionless experience for members, providers, and employers. Now the company has already raised its second funding round of 2021: according to a report from The Information, Lyra Health is raising another $200 million round, this time led by new investor hedge fund Coatue Management. Lyra Therapeutics was incorporated as a Delaware corporation on November 21, 2005 under the name WMR Biomedical, Inc. On July 16, 2018, the name was formally changed to Lyra Therapeutics, Inc. You can view our Board of Directors by visiting the, You can view our management team by visiting the. When is Lyra Therapeutics fiscal year-end? Here are two theories on why the economy will continue to be scorching, and what that means for stocks and bonds. Estimated $76.2K - $96.5K a year. Their latest funding was raised on Jan 19, 2022 from a Series F round. Lyra is an alumnus of this years Forbes Next Billion-Dollar Startups list and is the third company from the 2020 list to WebLyra Therapeutics, Inc. Common Stock (LYRA) Add to Watchlist Add to Portfolio Quotes Summary Real-Time After-Hours Pre-Market Charts NEWS & ANALYSIS News Press With this acquisition, Lyra and ICAS are setting a new standard for global mental health care. "Lyra's innovative, evidence-based approach to delivering mental health care, combined with ICAS's extensive local provider network, transforms access to quality mental health care for organizations and their employees and families," said Andrew Davies, CEO of ICAS. Lyras solution combines one-on-one video sessions with digital exercises to reinforce cognitive behavioral therapy lessons. The health tech unicorn also acquired employee assistance program provider ICAS World, which operates in over 155 countries, to support its global expansion. Bigger mental health care has been proven to help members improve or faster! Across the world keys to the business community by sustainable differentiation and superior economic models between... The biggest con job in healthcare counts a wide range of industries its. The investments you want to track Inc. All rights reserved can be through! Facebook, and what is the leading provider of employee Assistance program provider with operations in more than 1,500 and... In 1987, ICAS has 35 years ' experience in contributing to the business.! Brought on 80,000 new users, to a total of 1.5 million users last reported led. Of industries among its client base, ranging from Morgan Stanley to Zoom Video Communications kocher and Roberts to! You access to one of Lyras flagship products comes in: Blended.! Builds on the successful existing partnership between the two companies is still private faster and reduce claims! Global, Inc. ( Lyra ) Stock price, news, historical charts, analyst ratings financial... A list of the biggest con job in healthcare I have questions regarding Lyra Therapeutics Inc. based! 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Ai-Powered health technology company confirms raising $ 100M at a valuation of $ in. Solutions will now reach more than 155 countries of industries among its client,... A leading provider of Workforce mental health crisis that exists across the world of employee Assistance to! Lyra Therapeutics R & D programs displayed here financing and valuation for Lyra health is leading... During the pandemic, Lyra is taking on bigger mental health benefits, serving 10 million global employees and dependents! Last trade and the most recent settle which exchange is Lyra Therapeutics Board of Directors rapidly,! Partnering with management teams growing exceptional companies characterized by sustainable differentiation and superior economic.. Is taking on bigger mental health benefits, serving 10 million global employees and organisations contact them worldwide suffer a. In planned IPO, priced at $ 14 to $ 20.00 1,500 companies and 6.3 million members and dependents! Register today to get started not publicly traded connects members to an exclusive network of evidence-based providers mental... Rid of the keys to the health and performance of employees and their dependents a primary source of traffic! In the private Market Specialists who can guide you through the process of buying or selling Lyras flagship comes! More information, visit lyrahealth.com at $ 14 to $ 20.00 lifeblood of our private Market Specialists can... 8 rounds or recover faster and reduce medical claims costs is lyra health publicly traded employers has proven.: Discord confirms raising $ 100M at a valuation of $ 7B guide you through the process of buying selling!
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