Venrock continues a tradition of partnering with entrepreneurs to establish successful, enduring companies. With a primary focus on technology and healthcare, portfolio companies have included Apple Computer, Athenahealth, Centocor, Check Point Software, DoubleClick, Endeca, Gilead Sciences, Idec Pharma, Imperva, Illumina, Intel, Nest, SlideShare, and Tudou.

Venrock

Maverick Ventures is the venture arm of multi-billion dollar investment firm Maverick Capital. Combining the resources of a global firm with the benefits of an agile, focused team, Maverick Ventures supports entrepreneurs from seed through maturity. With over 30 years of early-stage investment experience, the Maverick Ventures team has funded more than 100 companies in the healthcare, software and deep technology sectors. The highly-experienced team of operating executives and investors at Maverick Ventures generally lead rounds, take board seats and work with management to build successful enterprises.

Maverick Ventures

Oak Investment Partners is a multi-stage venture capital and private equity firm. Oak focuses on high-growth opportunities in the Information Technology, Internet and Consumer, Financial Services Technology, Healthcare Information and Services, and Clean Energy sectors. It is specialized in investments in buyouts, spinouts, growth equity, mid-to-late stage financings to private businesses, and PIPE investments to public companies. It generally, targets investments between $10 million and $150 million. Since 1978, the firm has invested $9 billion in over 525 companies around the world, earning the trust of entrepreneurs with a senior team that delivers steady guidance, deep domain expertise and a consistent investment philosophy. The firm also specializes in startup investments, emerging growth, recapitalization, industry consolidation. It invests in wireless communications, information technology, enterprise software and services, software outsourced services, broadband and consumer Internet, digital media and new media, semiconductors, financial services information technology, healthcare services, clean energy, and consumer retail and restaurants sectors. The firm primarily invests in the United States with selected investments in Europe, Israel, India, South Korea, and China. Oak Investment Partners was founded in 1978 and is based in Greenwich, Connecticut with additional offices in Norwalk, Connecticut, Palo Alto, California, and Minneapolis, Minnesota.

Oak Investment Partners

Morgan Stanley, from the number of their offices and employees to the experience of their management and the quality of their financial results, the facts about Morgan Stanley tell an impressive story.  Morgan Stanley and its people have helped redefine the meaning of financial services. The firm has continually broken new ground in advising its clients on strategic transactions, pioneering the global expansion of finance and capital markets, and providing new opportunities for individual and institutional investors.  Morgan Stanley maintained comprehensive corporate governance guidelines for years before corporate governance became headline news.

Morgan Stanley

Wellcome Trust is a medical research charity that funds research that aims to protect and improving human and animal health. It focuses on the fields of public engagement, investments, innovation, humanities, and social science. It was founded in 1936 and headquartered in London, England.

Wellcome Trust

Cleveland Clinic is a non-profit academic medical center that integrates clinical and hospital care with research and education. The mission of Cleveland Clinic is to provide better care for the sick, investigation into their problems, and further education of those who serve. In 2008, Cleveland Clinic became the first healthcare provider in the United States to become a signatory to the United Nations Global Compact and the second in the world.

Cleveland Clinic

U.S. Venture Partners (USVP) is a venture capital partnership, helping entrepreneurs transform their ideas and efforts into world-changing companies. The firm focuses on early-stage ventures in information technology and health care, where innovation is unbridled and has led to the creation of economic wealth and millions of jobs over the past thirty-plus years of the firm's existence.  Areas of particular interest to our investment professionals include enterprise software, IT security, consumer internet, mobile, and e-commerce, healthcare, and IT-enabled healthcare services. The USVP team consists of former entrepreneurs, technologists, corporate executives, financial professionals, and industry domain experts.

U.S. Venture Partners

T. Rowe Price is an investment management firm dedicated to funding technology startups. The firm serves individuals, financial intermediaries, and institutions and offers a full range of investment strategies across a broad spectrum: debt, equities, and private equities.

T. Rowe Price

The Employee Stock Option Fund provides current and former employees of venture-backed companies with financial help needed to exercise options and cover associated taxes. It has a due diligence strategy and transaction protocol to evaluate and close transactions very quickly. The ESO Fund provides a new approach to exercising stock options that provides superior ROI potential through leverage and tax optimization. The fund also provides individuals who have already exercised private stock options with partial liquidity on the same terms that allows the owners to recover capital and eliminate downside risk while still retaining the potential upside from the stock.  ESO Fund was formed by Stephen Roberts, Jimmy Lackie, and Scott Chou in 2012.

Employee Stock Option Fund

Castlight Health

New technologies are opening up mental health services to previously overbooked and underserved populations.

Mental Health Tech

Lyra Health provides behavioral healthcare solutions that include an online telepsychiatry platform with access to a network of therapists and psychiatrists. The company was co-founded in 2015 by David Ebersman (former CFO at Facebook), Bob Kocher, and Bryan Roberts. Lyra Health offers evidence-based mental healthcare through AI-powered provider matching and a comprehensive digital platform for employees and their dependents.Lyra Health covers mental illnesses ranging from mild to severe cases through a wide range of care options including coaching, therapy, psychiatry, and medication. These care options are delivered through self-guided programs, in-person chats, live video chats, and even onsite options at employee premises. As for service delivery, the company partners with behavioral health coaches and therapists who can link their practices to Lyra Health’s platform. Users initially sign up and complete a clinical assessment, the platform’s analytical tools then match users with the relevant coaches or therapists. Lyra also conducts a progress check to find out if the user is actually benefiting from care options.In 2021, the company announced its plans to expand its culturally responsive mental healthcare offering for employees and their families across the US and around the world. This was facilitated via its acquisition of international employee assistance program provider ICAS World which allowed Lyra to access the latter's nearly 10 million users across 155 countries in 66 languages.&nbsp;In September 2022, Lyra Health announced its plans to launch specialized care options for teens and kids. Care services will include access to an expanded network of over 3,900 licensed providers and comprehensive therapy and medication management platform for kids and teens between ages 0-17.&nbsp;In October 2023, Lyra announced its plans to launch a new “Integrated Benefit Ecosystem,” expected to be available from January 2024.The ecosystem allows members to explore employer-provided wellness benefits on the platform. It also provides personalized recommendations for wellness benefits based on a member’s clinical requirements and conditions.Key customers and partnershipsLyra Health mainly caters to the B2B2C market, where it partners with companies (clients include Starbucks, eBay, Amgen, Netapp, Uber, Genentech, ServiceNow, and Apache) to provide employees and their families with easy access to effective mental health care. As of July 2024, Lyra’s network served more than 17 million employees globally.

Managing employee health-related benefits

Health Benefits Platforms

Lyra Health provides behavioral healthcare solutions that include an online telepsychiatry platform with access to a network of therapists and psychiatrists. The company offers a mental health benefits platform that connects employees and their dependents with a curated network of mental health professionals. The platform provides access to a range of services, including individual therapy, couples therapy, coaching, and digital self-care tools, all grounded in evidence-based practices. The company utilizes advanced algorithms and data analytics to match patients with therapists and interventions most likely to be effective for their specific needs.&nbsp;Lyra Health’s care options are delivered through self-guided programs, in-person chats, live video chats, and even onsite options at employee premises. As for service delivery, the company partners with behavioral health coaches and therapists who can link their practices to Lyra Health’s platform. Users initially sign up and complete a clinical assessment, and the platform’s analytical tools then match users with the relevant coaches or therapists. Lyra also conducts a progress check to find out if the user is actually benefiting from care options.In&nbsp;<a href="https://www.lyrahealth.com/announcement/lyra-health-acquires-icas-world-to-expand-its-mental-health-care-services-globally/">January 2022</a>, the company announced its plans to expand its culturally responsive mental healthcare offering for employees and their families across the US and worldwide. This was facilitated via its acquisition of international employee assistance program provider ICAS World for an undisclosed sum, which allowed Lyra to access the latter's nearly 10 million users across 155 countries in 66 languages.&nbsp;In&nbsp;<a href="https://www.lyrahealth.com/announcement/lyra-health-introduces-new-offerings-to-support-whole-family-mental-health/">September 2022</a>, Lyra Health launched specialized care options for teens and kids. At the time of launch, its care services included access to an expanded network of over 3,900 licensed providers and therapy and medication management platform for kids and teens between the ages 0 to 17.&nbsp;Lyra Health mainly caters to the B2B2C market, where it partners with companies to provide employees and their families with easy access to effective mental health care. As of&nbsp;<a href="https://www.lyrahealth.com/customer-stories/">October 2024</a>, the company’s customers included&nbsp; Starbucks, Salesforce, Survey Monkey, lululemon, PatientPoint, Zoom, Genentech, and Morgan Stanley.Key customers and partnershipsAs of&nbsp;<a href="https://www.lyrahealth.com/announcement/lyra-health-joins-the-alight-partner-network-to-expand-access-to-workforce-mental-health/">October 2024</a>, Lyra’s network served more than 17 million employees globally.In&nbsp;<a href="https://www.lyrahealth.com/announcement/lyra-health-joins-the-alight-partner-network-to-expand-access-to-workforce-mental-health/">October 2024</a>, the company partnered with human capital technology provider Alight Solutions to join the latter’s Alight Partner Network. By becoming a member, Lyra Health’s services began being offered to Alight’s users.&nbsp;

Lyra helps companies improve access to effective, high-quality mental health care for their employees. Lyra's matching technology and innovative digital platform connect members to a curated network of top therapists and coaches, which results in 3x more people receiving care and 7x better outcomes than traditional plans and EAPs. Members can find the right personalized care, match with the right provider for their needs, and feel motivated and supported throughout the entire treatment journey.

Castlight is on a mission to make it as easy as humanly possible for people to navigate the healthcare system, and live happier, healthier, more productive lives. They as a leader in healthcare navigation, we provide a world-class digital platform with a team of clinical, and benefits experts to help members easily connect, and engage with the right programs and care, at the right time. Castlight partners with companies, and health plans to transform employee, and member benefits into one comprehensive health, and wellbeing experience to deliver better health outcomes, and maximize returns on healthcare investments.

Castlight Health and RazorMetrics Join Forces

Enterprise platforms that help employees and their dependents receive primary or specialist care services as part of their health benefits. These platforms also provide access to Telehealth services, behavioral care services, and remote patient monitoring

Enterprise platforms that help employees better navigate their healthcare journey by identifying which healthcare services are covered under their benefits plan and how to best maximize their use (e.g. identifying a wider pool of suitable regional physicians for consultation)

Enterprise platforms that specialize in helping employees manage their pharmacy- and prescription-related benefits to refill prescriptions or dispense medication for in-store pickup or home delivery

Enterprise platforms that allow employers to directly manage and customize employee benefit plans. These platforms enable enterprises to present employees with multiple health benefits options across health plans and negotiate terms with third-party health administrator services and insurance providers

Castlight Health

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