Funding round
Lyra Health Series B
Lyra Health, which works in workforce mental health benefits services in Burlingame, raised $45M in a Series B round announced on 7 May 2018. 7 firms took part, 3 of them already investors. It is Lyra Health's second venture round on record; the one before was a Series A in Oct 2015.
$45M
Amount raised
Not disclosed
Post-money valuation
7
Investors
no lead named
Valuation
What this round says about the price
Lyra Health did not disclose a valuation in this round. It came 31 months after Lyra Health's Series A. It is 5.5% of the $812M Lyra Health has raised in the venture rounds on record. Lyra Health raised again 27 months later: a Series D round of $110M in Aug 2020, at $1.10B post-money.
Lyra Health's funding rounds
Lyra Health has 6 venture rounds on record. This one is highlighted.
- Series A 14 Oct 2015, led by Greylock Partners and Venrock $35M
- Series B this round 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
7 firms took part; no lead investor was named.
Investors
- backs 34 venture-backed companies new investor
- backs 44 venture-backed companies new investor
- Crown Ventures new investor
- backs 54 venture-backed companies new investor
- Greylock Partners backs 190 venture-backed companies existing investor
- Venrock backs 93 venture-backed companies existing investor
- backs 9 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, scaling operations and working capital.
- Hiring
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: 1 in Psychologists & Counseling Services, then Series B rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Psychologists & Counseling Services | 3 Jul 2017 | $39M | not disclosed | Spectrum Equity |
| Tech Companies | 2 May 2018 | $78M | not disclosed | not named |
| Paxos Cryptocurrency | 31 May 2018 | $65M | not disclosed | Liberty City Ventures and RRE Ventures |
| Professional & Management Training | 16 May 2018 | $60M | not disclosed | General Atlantic |
| Aerospace and Defence | 15 May 2018 | $60M | not disclosed | Horizons Ventures |
| Investment Consultants & Financial Advisors | 29 May 2018 | $53M | not disclosed | Allianz Asset Management |
| Tech Companies | 31 May 2018 | $50M | not disclosed | Idinvest Partners |
| Property Management | 31 May 2018 | $40M | not disclosed | Divco West and Invesco |
Sources
Where this comes from
Reported by 7 sources.
Questions
Frequently asked
How much did Lyra Health raise in its Series B round?
Lyra Health raised $45M in its Series B round, announced in May 2018.
Which investors took part in Lyra Health's Series B round?
Tenaya Capital, Glynn Capital, Crown Ventures, Casdin Capital, Greylock Partners and Venrock and 1 more.
What was Lyra Health's valuation at the Series B round?
It was not disclosed.
Did Lyra Health raise again after this round?
Yes: a Series D round in Aug 2020 of $110M at $1.10B post-money.