Dragoneer Leads $235 Million Financing in Lyra Health

<p><strong>BURLINGAME<&sol;strong> &&num;8212&semi; <u>Lyra Health<&sol;u>&comma; a provider of Workforce Mental Health solutions for employers&comma; has completed a <span class&equals;"xn-money">&dollar;235 million<&sol;span> financing&period; Dragoneer led the round and was joined by new investor Salesforce Ventures along with existing investor Coatue&period; With the new funding&comma; Lyra will accelerate its delivery of comprehensive&comma; evidence-based&comma; culturally responsive mental health care benefits for employees and their families around the world&period;<&sol;p>&NewLine;<p>Lyra also announced it has acquired ICAS World&comma; an employee assistance program provider with operations in more than 155 countries&period;<&sol;p>&NewLine;<p>&&num;8220&semi;I&&num;8217&semi;ve known David &lbrack;Lyra founder&rsqb; for over 10 years&comma; and his focus on one of the world&&num;8217&semi;s most important topics&comma; addressing and solving mental health care&comma; is truly inspiring&comma;&&num;8221&semi; said <span class&equals;"xn-person">Marc Stad<&sol;span>&comma; Founder and Managing Partner at Dragoneer&period; &&num;8220&semi;Mental health issues are much more pervasive than is commonly known&comma; and Lyra is thoughtfully redefining access to care by providing broad-based solutions through employers&period; With this additional capital&comma; Lyra will have the opportunity to further distinguish itself as the leader in mental health domestically and expand internationally to address a global need&period;&&num;8221&semi;<&sol;p>&NewLine;<p><b><&sol;b>Lyra has also added <span class&equals;"xn-person">Robynne Sisco<&sol;span> to its Board of Directors&period; Sisco is currently co-president and chief financial officer at Workday&period; In her distinguished career&comma; Sisco has held senior finance roles at VMware&comma; VeriSign&comma; and Oracle and she brings to Lyra more than 30 years of experience in corporate finance&comma; accounting operations&comma; investor relations&comma; legal&comma; and procurement&period;<&sol;p>&NewLine;<p>&&num;8220&semi;Lyra is dedicated to redefining access to high-quality mental healthcare for both individuals and employers on a global scale&comma;&&num;8221&semi; said Sisco&period; &&num;8220&semi;As the demand for mental health care accelerates worldwide&comma; I am honored to join them in the quest to deliver a powerful support system for companies and their employees&period;&&num;8221&semi;<&sol;p>&NewLine;<p>&&num;8220&semi;We are excited to welcome Robynne to our Board of Directors&comma;&&num;8221&semi; said <span class&equals;"xn-person">David Ebersman<&sol;span>&comma; Lyra Health CEO and co-founder&period; &&num;8220&semi;Her deep expertise in finance and operations at leading global organizations will be significant assets for Lyra as we work together to provide a single source for effective mental health care for the world&&num;8217&semi;s greatest companies&period;&&num;8221&semi;<&sol;p>&NewLine;<p><b>Transforming Access to Mental Health Care Around the World <br class&equals;"dnr" &sol;><&sol;b>Nearly 1 billion people worldwide suffer from a mental health disorder&comma; yet more than 70&percnt; of people don&&num;8217&semi;t have access to the care they need&period; <u>The World Health Organization<&sol;u> estimates that the loss in productivity due to depression and anxiety alone costs the global economy <span class&equals;"xn-money">&dollar;1 trillion<&sol;span> each year&period;<&sol;p>&NewLine;<p>Lyra delivers clinically proven mental health care for employees and family members across all facets of mental health&comma; from wellness and preventive care to the most severe conditions&period; Lyra is trusted by leading companies&comma; including Genentech&comma; a member of the Roche Group&semi; Uber&semi; and VCA Animal Hospitals&period;<&sol;p>&NewLine;<p>&&num;8220&semi;Providing high-quality mental health care for diverse employee populations around the world is one of the most critical and challenging issues for employers today&period; This new funding will help Lyra deliver comprehensive and culturally responsive mental health care for organizations and their employees and families&comma;&&num;8221&semi; said Ebersman&period;<&sol;p>&NewLine;