Mental health benefits provider Lyra Health once again secured funding from Providence Ventures, as part of a round that pushed its valuation to $1.1bn.

US-based mental health services provider Lyra Health secured $110m in series D funding yesterday from a consortium including Providence Ventures, the investment arm of healthcare system Providence Health and Services.

Venture capital firm Addition led the round, while Adams Street Partners, Casdin Capital, Glynn Capital, Greylock Partners, IVP, Meritech Capital Partners, Tenaya Capital and private investor Howard Schultz also took part. The round valued the company at $1.1bn, it told Forbes.

Lyra has built a digital platform that matches employees…

Thierry Heles

Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.