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§ Private Profile · California City, CA, USA
Lyra Health is a technology company.
Lyra Health operates an integrated digital platform delivering evidence-based mental health care benefits to employees. It connects individuals with a diverse provider network, leveraging an AI-powered system for personalized care matching. The platform focuses on enhancing employee well-being and achieving measurable business impact for client organizations.
David Ebersman founded Lyra Health roughly ten years ago, inspired by his personal struggle to find quality mental health support for a family member. This experience highlighted significant access barriers, prompting him to build a better solution. Ebersman’s prior roles, including CFO at Facebook, provided key expertise for the company.
Lyra Health partners with employers, offering comprehensive mental health benefits to their workforces. Its vision is to transform global access to life-changing mental health care, with diversity, equity, and inclusion integral to its mission. Lyra strives to ensure personalized, effective mental wellness support is widely accessible.
Lyra Health has raised $963.1M across 10 funding rounds.
Lyra Health has raised $963.1M in total across 10 funding rounds.
Lyra Health is a technology-driven mental health care platform that connects employees and their families to personalized, evidence-based therapy, coaching, medication management, and support services.[1][2][3] It serves employers as a comprehensive workforce mental health benefit, solving access barriers to high-quality care amid a global crisis affecting 970 million people, using AI-powered matching to pair users with top providers based on needs and preferences.[1][2][3] The platform drives growth through expansions like international reach in 200+ countries, teen care, and over 10 million sessions delivered by 2024, with peer-reviewed studies showing users recover twice as fast, 26% lower health claims, and guaranteed ROI of at least $2 saved per $1 invested.[2][3][4][6]
Lyra Health was founded in 2015 in Burlingame, California, by co-founder and board chairman David Ebersman, who left his role as Meta's CFO in 2014 to address mental health access gaps.[1][2][3] Alongside CEO and co-founder Jen Selzer, the idea emerged from leveraging technology—like data science and matching algorithms—to transform fragmented care into efficient, personalized experiences, much like tech disrupted other sectors.[3][5] Early traction built quickly: by 2017, it had 1,800 providers and 33,000 sessions; 2019 partnerships with pioneers like Starbucks; and amid 2020's pandemic, it added 75+ customers and hit 1 million sessions, evolving into a full-spectrum global solution by 2023 via ICAS acquisition.[3]
Lyra rides the surge in workplace mental health prioritization, fueled by post-pandemic burnout, social unrest, and recognition that untreated issues cost companies via turnover and productivity losses.[2][3][6][7] Timing aligns with AI advancements enabling precise matching and global scalability, as seen in 2023's international launch and blended care models that outperform traditional systems.[3][7] Market forces like rising employer benefits demand and ROI pressures favor Lyra's data-backed approach, influencing the ecosystem by setting standards—e.g., utilization-based payments, clinical research initiatives—and partnering with giants like Providence and Starbucks to normalize comprehensive behavioral health tech.[3][5]
Lyra is poised to deepen its lead in AI-enhanced mental health as demand grows for family-inclusive, global solutions amid evolving workforce needs.[3][4] Trends like sustained ROI guarantees, teen/specialized care expansions, and further research (e.g., Lyra Clinical Research) will shape its path, potentially amplifying influence through more acquisitions and tech integrations for even faster, predictive care.[4][6] Its evolution from U.S.-focused startup to 10-million-session powerhouse underscores a mission delivering real access—transforming mental health from crisis to continuum, much like its founding vision promised.[2][3]
Lyra Health has raised $963.1M across 10 funding rounds. Most recently, it raised $240.0M Series F in January 2022.
Lyra Health has raised $963.1M in total across 10 funding rounds.
Lyra Health's investors include Dragoneer Investment Group, Summit Partners, Coatue, Salesforce Ventures, Sands Capital, Lee Fixel, Durable Capital Partners, Fidelity Management & Research Company, Forerunner Ventures, Founders Fund, Garden City Companies, Greylock.