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Lyra Health raises $45M to expand its therapist network

May 09, 2018 / STEPHANIE BAUM

Lyra Health, a digital health startup that seeks to improve care coordination for mental health, has closed a $45 million Series B round three years after its launch, according to a company news release that coincided with the HLTH conference in Las Vegas. The funding will be used towards product development and to expand the number of therapists serving the business from its current level of 2,500. The company, founded by former Genentech and Facebook CFO Dave Ebersman,  provides its service as an employee benefit to support mental health, covering conditions such as depression, anxiety, and substance abuse. Among the companies it works with, which are listed on its website, are eBay, Uber, Lyft, and ServiceNow.