Lyra Health raised $45 million to improve digital behavioral health technology, to treat mental illness

May 8, 2018  Source: drugdu 216

Today, Digital behavioral health company, Lyra Health announced that it has raised $45 million in Series B funding in a new financing round including Tenaya Capital, Glynn Capital, Crown Ventures, and Casdin Capital, as well as returning funders Greylock Partners, Venrock, and Providence Ventures.

According to a statement, the new funds will be used for developing technology for improving patients’ treatment outcomes, and to develop the practice management devices available to therapists in Lyra’s network.

“Three years ago, Lyra began a journey to help people steer a depression, anxiety, and opaque mental health system and we’re proud of the impact we are making with our employer partners. We are looking forward to creating technology-enabled experiences to deliver better, faster, and more personalized care with this new funding” said David Ebersman, CEO and co-founder of Lyra Health

Lyra’s platform primarily helps to match patients to the mental-health care clinicians and customize evidence-based treatments. Using machine learning, the technology guide users helps them choose the care that is most convenient for them, whether it’s in-person, through live video, or self-guided. The service also courts behavioral health providers with promises of “intelligent” client referrals, quick payments, and digital tools to manage their patients.

Lyra Health was founded in 2015, in that same year the company raised $35 million from investors.

By Ddu