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New Deal


Announced

Completed

Dragoneer led a $235m funding round in Lyra Health.

Financials

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Transaction Value£172m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Venture Capital

Acquisition

Private Equity

Domestic

Health Care Services

information services

healthcare information services

healthcare solutions

healthcare software platform

United States

Minority

Private

Completed

Friendly

Synopsis

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Dragoneer, a long-only, growth-oriented public and private investor, led a $235m funding round in Lyra Health, a provider of innovative workforce mental health solutions. Additional investors include Salesforce Ventures and Coatue. "I've known David for over 10 years, and his focus on one of the world's most important topics, addressing and solving mental health care, is truly inspiring. Mental health issues are much more pervasive than is commonly known, and Lyra is thoughtfully redefining access to care by providing broad-based solutions through employers. With this additional capital, Lyra will have the opportunity to further distinguish itself as the leader in mental health domestically and expand internationally to address a global need," Marc Stad, Dragoneer Founder and Managing Partner.

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