Lyra Health Raises $3.1 Million Round, Partners With Castlight Health

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Lyra Health, a digital health startup co-founded by former Facebook CFO David Ebersman, announces a new strategic partnership and investment just three weeks after coming out of stealth mode. The company, which is bringing technology and professional services to the mental health space, has partnered with Castlight Health to market its solution within Castlight’s enterprise healthcare management platform. In addition to the partnership, Lyra will receive a $3.1 million investment from Castlight and has named Castlight’s CEO, Giovanni Colella, MD to its board. The strategic role is a good fit for Colella, who started out as a practicing psychiatrist before moving into the digital health world.

Castlight markets a product designed to help healthcare consumers shop around before picking a provider. The company’s platform presents users with data on local primary care and specialty providers, highlighting both quality data and out of pocket cost estimates for local doctors. The platform is marketed to employers as a tool to help steer employees to low cost, high quality providers and medical centers.

Lyra Health has had close ties with Castlight since before its launch. Both companies are based in San Francisco, and Castlight CMO and head of products Dena Bravata, MD was a co-founder of Lyra and is now its CMO. The two companies will now work together to offer an integrated behavioral health solution for employers. While many digital health startups are only looking at ways of integrating technology into care delivery, Lyra is building a company around case workers and psychologists, and is using technology to help them improve outcomes in the behavioral health space. Now, these clinicians will be available to Castlight’s users, which the team hopes will help improve workforce productivity and reduce healthcare spending. Colella explains, "What we’ve heard from our customers is exactly what I saw firsthand when I was a practicing psychiatrist: behavioral health disorders affect friends, family, and employers alike. Left untreated, these conditions also represent billions of dollars in costs and lost productivity.”


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