Digital mental health provider Lyra Health snags $45M in new financing

Lyra Health, a digital health company focused on improving access to mental healthcare, raised $45 million in a series B funding round.

Lyra Health's technology, which uses machine-learning algorithms, matches people to mental health providers and treatments. Lyra's network of providers offer therapy in-person and via live video. Lyra also offers coaching programs and digital self-care applications.

Lyra Health plans on using the new funding to continue developing its technology and to expand practice management support for its provider network.

New investors in the funding round included Tenaya Capital, Glynn Capital, Crown Ventures and Casdin Capital.

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