Funding round
Lyra Health Series A
Lyra Health, which works in workforce mental health benefits services in Burlingame, raised $35M in a Series A round announced on 14 Oct 2015, led by Greylock Partners and Venrock. 6 firms took part, 3 of them already investors. It is Lyra Health's first venture round on record.
$35M
Amount raised
Not disclosed
Post-money valuation
6
Investors
2 leads
Valuation
What this round says about the price
Lyra Health did not disclose a valuation in this round. It is Lyra Health's first venture round on record, in the year it was founded (2015). It is 4.3% of the $812M Lyra Health has raised in the venture rounds on record. Lyra Health raised again 31 months later: a Series B round of $45M in May 2018. Its next priced round, a Series D in Aug 2020, valued it at $1.10B.
Lyra Health's funding rounds
Lyra Health has 6 venture rounds on record. This one is highlighted.
- Series A this round 14 Oct 2015, led by Greylock Partners and Venrock $35M
- Series B 7 May 2018 $45M
- Series D 25 Aug 2020, led by Addition $110M$1.10B post-money
- Series E 28 Jan 2021, led by Addition $187M$2.30B post-money
- Growth 15 Jun 2021, led by Coatue $200M$4.60B post-money
- Series F 19 Jan 2022, led by Dragoneer Investment Group $235M$5.90B post-money
Investors
Who put money in
Greylock Partners and Venrock led the round with 4 other firms. Greylock Partners, Venrock and Castlight Health had backed Lyra Health before.
Lead investors
- Greylock Partners backs 190 venture-backed companies existing investor
- Venrock backs 93 venture-backed companies existing investor
Also in the round
- Castlight Health existing investor
- Providence Health & Services new investor
- Breyer Capital backs 85 venture-backed companies new investor
- backs 8 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, sales and marketing, scaling operations and working capital.
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: 1 in Psychologists & Counseling Services, then Series A rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Psychologists & Counseling Services | 21 Sep 2015 | $35M | not disclosed | not named |
| Tech Companies | 27 Oct 2015 | $49M | not disclosed | Spectrum Equity |
| Tech Companies | 26 Oct 2015 | $33M | not disclosed | Trident Capital |
| Biotechnology | 14 Oct 2015 | $22M | not disclosed | Ysios Capital |
| Medical Supply Manufacturers | 28 Oct 2015 | $21M | not disclosed | New Enterprise Associates |
| Cato Networks Tech Companies | 27 Oct 2015 | $20M | not disclosed | US Venture Partners and Aspect Ventures |
| Tech Companies | 15 Oct 2015 | $20M | not disclosed | not named |
| Canva Tech Companies | 6 Oct 2015 | $15M | $165M | Felicis |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Lyra Health raise in its Series A round?
Lyra Health raised $35M in its Series A round, announced in Oct 2015.
Who led Lyra Health's Series A round?
Greylock Partners and Venrock led it, with Castlight Health, Providence Health & Services, Breyer Capital and Origin Capital.
What was Lyra Health's valuation at the Series A round?
It was not disclosed.
Did Lyra Health raise again after this round?
Yes: a Series B round in May 2018 of $45M.