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Lyra Health

Lyra Health is a Behavioral Health Platforms company founded in 2015 and based in Burlingame, United States. It has raised $890.1M in total funding, most recently a Series G in 2022 at a $5.6B valuation.

Lyra Health provides employer-sponsored mental health benefits, matching employees to evidence-based therapy, coaching, and medication management through an AI-driven matching platform. Valued at $5.6B in 2022. Raised $900M+. Covers 10M+ members globally. Consistently cited as IPO candidate. Uses AI matching to pair members with therapists based on clinical fit.

Lyra demonstrated that employer-channel behavioral health can scale to a multi-billion-dollar valuation with clinical outcomes data; its focus on evidence-based modalities and measured ROI set the bar for the category.

lyrahealth.com Behavioral Health Platforms

United Statesprivate

At a glance

Total raised

$890.1M

last round series g

Headcount

1k-5k

approximate · public range

Headquarters

Burlingame

United States

Founded

2015

11 years active

Status

Private

Behavioral Health Platforms

Latest valuation

Funding history

Total raised

$890.1M

Rounds tracked

8

Latest stage

Series G

Latest valuation

$5.6B

Date	Stage	Amount	Valuation	Lead investors
Jan 19, 2022	Series G	$235M	$5.6B	Dragoneer Investment Group
Jun 14, 2021	Series F	$200M	$4.6B

Products

Lyra Therapy
Lyra Therapy delivers evidence-based mental health treatment through a blended care model that combines live video sessions with licensed therapists with personalized digital tools and exercises. Designed for employees and their families, it treats conditions ranging from anxiety and depression to trauma. Lyra's AI-powered matching connects members to the right provider within their network in under a day, and independent peer-reviewed research shows members recover twice as fast compared to traditional care.
Lyra Coaching
Lyra Coaching provides skill-building mental health support for individuals facing mild to moderate challenges such as stress, work-life balance, and relationship issues. Members work one-on-one with trained coaches through live sessions and guided practice exercises. The program emphasizes proactive, preventative mental health care and helps employees build resilience and coping skills before issues escalate into more severe conditions.
Lyra Complex Care
Lyra Complex Care offers intensive, specialized support for individuals with severe or persistent mental health conditions such as severe depression, bipolar disorder, PTSD, and substance use disorders. The program coordinates care across therapists, psychiatrists, and other specialists to deliver a comprehensive treatment plan. Complex Care ensures that members with the most challenging mental health needs receive the high-touch, coordinated care necessary for recovery.
Lyra Medication Management
Lyra Medication Management connects members with board-certified psychiatrists and psychiatric nurse practitioners for medication evaluation, prescribing, and ongoing monitoring. The service is fully integrated with Lyra's therapy and coaching offerings to provide holistic, coordinated mental health care. Members receive personalized medication plans, regular follow-ups, and seamless communication between their prescribing clinician and therapist, all through a single digital platform.
Lyra Preventive Care Suite
The Lyra Preventive Care Suite includes Guided Self-Care and live messaging capabilities designed to support employees with mild mental health concerns before they worsen. Guided Self-Care combines clinically proven coaching exercises with online tools and structured lessons addressing stress, relationships, sleep, and life transitions. This preventive approach helps employers reduce downstream healthcare costs while promoting overall workforce well-being through early intervention and accessible digital self-help resources.