Fierce Health Payer June 14, 2021
Heather Landi

High-flying startup Lyra Health, a provider of mental health benefits for employees, banked $200 million in new funding to raise its valuation to a reported $4.6 billion.

The company has raised $680 million to date.

Investor hedge fund Coatue Management led the round and was joined by new investor Sands Capital, along with existing investors.

With the fresh capital, Lyra plans to accelerate its delivery of evidence-based mental health benefits for companies with employees located around the world.

In addition to the funding news, Lyra Health also announced an expanded global strategy. The new offerings for international preventive care and mental health coaching expand on Lyra’s recently announced partnership with ICAS, a global employee assistance program (EAP) provider, to offer care to people...

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