University of Pittsburgh Medical Center led a funding round that also featured all of mental health management platform Lantern's existing shareholders.

US-based mental health services provider Lantern closed a $17m funding round yesterday led by UPMC Enterprises, the investment arm of healthcare conglomerate University of Pittsburgh Medical Center.

UPMC was joined by Stanford University and venture capital firms Mayfield Fund and SoftTech Venture Capital.

Founded in 2012 as ThriveOn, Lantern has created an online platform that helps users maintain their mental health and manage conditions such as depression and anxiety. Users respond to a series of questions about their wellbeing and…