Lyra Health scores $235M and buys employee assistant program ICAS World (MobiHealth News):
Employer-focused digital mental health provider Lyra Health announced a whopping $235 million Series F round led by Dragoneer. Salesforce Ventures and Coatue also participated. This new infusion of cash brings the company’s total raise to over $900 million.
The funding coincided with the news that Lyra Health is acquiring employee-assistant program ICAS World for an undisclosed sum. ICAS was founded in 1987 and provides coaching and counseling services to employees. The service offers phone, face-to-face or web-based treatment.
Big Health, the maker of app-based digital therapeutics for insomnia and anxiety, has locked in a $75 million series C funding round headed by SoftBank Vision Fund 2.
The San Francisco-based company said it plans to use the new money to ramp up its commercial growth and product strategy, setting a tentative goal to launch six new digital therapeutics by 2024 …
Founded in 2012, the company made its name with a cognitive behavioral therapy app called Sleepio. Designed to help users’ poor-quality sleep and insomnia, the digital tool has seen a wealth of employer adoption and supportive clinical evidence over the years, leading the company to release a follow-up for insomnia, called Daylight, in early 2019.
Mantra Health, the preeminent digital mental health clinic focused on young adults, today announced a $22 million Series A investment, led by VMG Partners. The round includes new investors New Market Venture Partners, Elements Health Ventures, 14W, and Alumni Ventures. Returning investors included Canaan Partners, Global Founders Capital, Baleon Capital, Western Tech Investments, and City Light Capital.
The company plans to use the investment proceeds to help grow the digital mental health clinic’s diverse provider network, launch new clinical products, and expand its insurance partnerships.
News in Context:
- Headspace and Ginger merge to expand and scale up digital mental health
- The landscape of digital mental health apps: huge unmet needs, quality concerns, app stores asked to ensure transparency
- The National Academy of Medicine (NAM) shares discussion paper to help empower 8 billion minds via the ethical adoption of digital mental health and neurotech