The UPMC Enterprises-backed mental health tool provider had raised more than $21m but is shuttering after failing to secure an acquisition.
Lantern, a US-based mental health services provider that had raised more than $21m from investors including care provider University of Pittsburgh Medical Center, is shutting down.
Founded in 2012, Lantern runs a subscription-based service that offered a range of cognitive behavioural therapy-focused tools to combat mental health conditions such as depression, anxiety, stress and body image issues.
University of Pittsburgh Medical Center’s investment arm, UPMC Enterprises, led a $17m round for the company in early 2016 that also featured…
