Providence Ventures extends investment in mental health benefits platform

Lyra Health, a technology platform through which employers can offer workers access to personalized mental health treatment, closed a $75 million funding round with participation from the venture arm of Renton, Wash.-based Providence.

The Series C financing brings Lyra Health's total amount raised to more than $150 million. Providence Ventures previously participated in the startup's $35 million Series A and $45 million Series B rounds.

The latest infusion of funding will help Lyra Health not only further develop its platform technology, but also expand its network of mental healthcare providers, who deliver patient-specific therapy, coaching and medication plans through the platform.

Lyra Health counts major employers such as Uber and eBay among its clients and serves more than 1 million U.S. employees and dependents, according to the March 11 funding announcement.

More articles on innovation:
Kaiser Permanente, Providence among 2019's most active digital health investors
Northwell, Xealth among 10 most innovative healthcare companies
Hartford HealthCare partners with Israel Innovation Authority

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