Lyra Health, the US-based developer of a platform that links people with mental health conditions to appropriate treatments, has raised $35m in a series A round featuring healthcare system Providence Health & Services.
The round was co-led by venture capital firms Greylock Partners and Venrock, and also featured healthcare information provider Castlight Health, Breyer Capital and Origin Capital Management.
Formed in 2014, Lyra has built a platform that recommends the most appropriate mental health treatments for users, based on clinical needs, treatment preferences, clinical guidelines and available care providers.
The company intends to use the series A cash to make its technology available to employers, health plans and healthcare providers.
Castlight’s participation in the round follows a strategic partnership agreed with Lyra in June this year, through which the two will collaborate on a behavioural health product that can be supplied to enterprise customers to help employees suffering from conditions including depression, anxiety and substance abuse.
Castlight also invested $3.1m as part of the deal, though Lyra has not revealed whether the funding formed part of the series A round.
David Ebersman, co-founder and CEO of Lyra Health, said: “For too long, people suffering from depression, anxiety, and substance abuse have had to wander through a system that is extremely difficult to navigate.
“Effective treatments exist that can help many patients, and our technology enables people to find the right care quickly and easily.”