Psychological wellness platform Lyra Health is raising as much as $175M at a $2.25 B valuation

Psychological wellness platform Lyra Health is raising as much as $175M at a $2.25 B valuation

The coronavirus pandemic has highlighted, and frequently exacerbated, the mental health crisis that exists across the world. Even the spread of remote work becomes part of the issue: As everyone stays at house, the lack of interaction and watercooler chat has actually left workers without in-person interaction. The requirement for an option has helped tech-powered mental […] The need for an option has assisted tech-powered mental health services raise moneying to satisfy increased need. There have been a number of categories of innovation that have actually seen a bump of use and interest during this coronavirus pandemic, and sadly– or perhaps usefully, depending on how you look at it– psychological health and health start-ups, intended at helping our wellness in this trying time, have been one of them. The company helps employers provide their employees a suite of safe and personal tools to support their mental health requirements. Lyra Health then can connect clients to its network of thousands of therapists for assessments, check-ins and consultations. …

Lee Fixel is currently raising a massive 2nd fund

Lee Fixel is currently raising a massive 2nd fund

On Friday, previous Tiger Global Management investor Lee Fixel signed up prepare for the 2nd fund of his brand-new investment firm, Addition, simply four months after closing the first. In reality, according to a report on Friday by the Financial Times, Fixel has currently protected a fresh$1.4 billion in capital commitments for that 2nd fund, [ …]
According to Forbes, that very first fund– which Fixel is actively putting to work right now– means to invest one-third of its capital in early-stage startups and two-thirds in growth-stage opportunities. Whether that includes some of the special function acquisition automobiles, or SPACs, that are coming together right and left, isn’t yet understood, though one envisions these may appeal to Fixel, who has actually longed seemed to be at the leading edge of brand-new trends affecting growth-stage companies in particular. The offer represents Addition’s very first India-based bet, even while Fixel knows both the startup and the country well. Ward Breeze, a long time lawyer who worked previously in the emerging companies practice of Gunderson Dettmer , is likewise working with Fixel at Addition.( Correction: An earlier version of this story reported that Fixel’s newest fund was currently raised, per the FT.)…

Lucid Lane has established a service to get patients off of pain medications and avoid dependency

Lucid Lane has established a service to get patients off of pain medications and avoid dependency

4 years back, Adnan Asar, the founder of the brand-new addiction avoidance service Lucid Lane, was delighting in an effective career working as the starting chief innovation officer at Livongo Health. It was the serial senior tech executive’s latest task after a long stint at Shutterfly and he was shepherding the company through the advancement […] “My other half decided to go cold turkey,” Asar said. It took 9 months of therapy and routine consultations with psychiatrists to help with customizing medication dosages and tapering to get her off of the medication, stated Asar. “COVID-19 has actually made telehealth a compulsory service instead of a discretionary service,” said Asar.”We see fantastic prospective for Lucid Lane, as it has developed a scalable solution to one of the biggest issues facing society today,” said Battery general partner Dharmesh Thakker, in a statement. …