More than 70% of those who require care don’t receive it, despite the fact that almost 1 billion people worldwide suffer from mental health disorders.

According to WHO, 15% of working-age persons have a mental condition. Without adequate assistance, mental illnesses and other mental health issues can have an impact on a person’s ability to work successfully, ability to manage absences, and ease of retaining or obtaining employment.

Depression and anxiety alone cost the world 12 billion working days annually. Furthermore, despite the fact that employment is crucial for healing, those with serious mental illnesses are frequently barred from it. Families, caregivers, coworkers, communities, and society at large can all be impacted by mental health issues. Each year, depression and anxiety cost the global economy $1 trillion in lost productivity.

Businesses have also realized that supporting employees’ mental health and wellness may cut expenses overall and boost morale. Employees want greater mental health benefits as well, a good percentage of them want assistance with stress, burnout, and other mental health problems.

Lyra, a US-based startup, is delivering clinically proven mental health care for employees and family members across all facets of mental health, from wellness and preventive care to the most severe conditions. The company claims to deliver comprehensive and culturally responsive mental health care for organizations and their employees and families,

The company is using technology to match people to high-quality providers and treatments that are effective, convenient, and personalized to their needs. Using machine learning, sophisticated algorithms, and its curated network of providers, Lyra’s solution includes different care options that support the diverse needs of its customers’ workforce.

Lyra connects members to an exclusive network of evidence-based providers, mental health coaches, digital wellness tools, and personalized medication programs. The therapists practice evidence-based therapies, like Cognitive Behavioral Therapy (CBT), and are available for appointments in just a few days.

Lyra Health, according to reports, has raised a total of $910.1M in funding over 8 rounds. Their latest funding was raised on Jan 2022 from a Series F round.

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