Lyra Health

Challenger

Leading mental health benefits platform for employers. Founded 2015 by ex-Facebook CFO. $5.58B valuation, $915M total funding. Serves 20M+ people through employer contracts.

Mental Health Benefits & Digital Therapeutics
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Updated April 2026

Company Overview

About Lyra Health

Lyra Health is a workforce mental health platform founded in 2015 by David Ebersman (former CFO of Facebook/Meta) and Dena Bravata, headquartered in Burlingame, California. It provides AI-powered mental health benefits to employers through therapy, coaching, preventive care, specialized programs (substance use, DBT), and the Empower AI platform for personalized support.

Business Model & Competitive Advantage

Lyra operates a B2B model serving 20M+ people through employer contracts and 100M+ through health plan partnerships. Over 300 companies including Meta, Pinterest, and Starbucks use Lyra. It competes with Spring Health, Ginger/Headspace, and traditional EAPs, differentiating through evidence-based care and clinical outcome tracking.

Competitive Landscape 2025–2026

Jennifer Schulz became CEO in January 2025 (founder Ebersman remains board chairman). Lyra acquired Bend Health (July 2025) for pediatric mental health, launched Empower AI (October 2025), and partnered with Thatch (November 2025). Total funding is $915 million at a $5.58 billion valuation.

Revenue
$5580M
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Key Differentiators

Strong Challenger

Lyra Health is an established challenger with significant market presence and competitive offerings in Healthcare Tech.

Enterprise Scale

With $5580M in revenue, Lyra Health operates at enterprise scale with proven market validation.

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