The coronavirus pandemic has underscored, and often exacerbated, the mental that exists all across the world. Everyone stays at home and the lack of interaction among emoloyees without in-person interaction.
This is when Lyra Health has emerged, a platform that focuses on providing workforces with mental health care, that has also raised $175 mn Series E at a $2.25 billion valuation, while it is not clear whether the company has closed the round. During the pandemic, Lyra Health has brought on 80,000 new users, to a total of 1.5 million users last reported.
The company helps employers give their employees a suite of safe and confidential tools to support their mental health needs. This could be a risky position to play in, considering that mental health can still feel taboo in workplaces and employees might feel uncomfortable turning to their employers for support.