Lyra Health Raises $187M in Series E
Lyra Health has successfully raised $187M in a Series E at a $4.6B valuation led by Tenaya Capital, Coatue.
Company Overview
Lyra Health is a HealthTech company headquartered in Burlingame, CA, founded in 2015 with 800+ employees.
Mental health benefits platform
Fundraising Details
- Amount Raised: $187M
- Round Type: Series E
- Valuation: $4.6B
- Date: 2021-09-22
- Investors: Tenaya Capital, Coatue
About Lyra Health
Mental health benefits platform The company is positioned in the HealthTech sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: Burlingame, CA
- Founded: 2015
- Team Size: 800+
- Industry: HealthTech
What This Means
This funding round demonstrates strong investor confidence in Lyra Health's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The HealthTech sector continues to attract significant investment as companies innovate to meet evolving market demands. Lyra Health's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $4.6B valuation marks an important milestone for Lyra Health, positioning the company among notable players in the HealthTech industry.
Looking Ahead
With this new capital, Lyra Health is well-positioned to execute on its growth strategy and continue building innovative solutions in the HealthTech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2021-09-22. For more information about Lyra Health, visit their headquarters at Burlingame, CA.
