Addition

Australian addiction support platform eyes US expansion after closing $1.9M seed round

By Thiru Gunasegaran 01:06 am April 20, 2021

Arli, an addiction support platform based in Sydney, has raised $1.9 million (AU$2.5 million) in seed funding; proceeds will be used for its expansion into the US early next year. The seed round was led by Folklore Ventures and venture capitalists such as Antler, AirTree Ventures and Simon Griffiths of toilet paper maker Who Gives A Crap. WHAT IT DOES Arli, which has yet to publicly launch,...

This latest funding announcement comes off the heels of a massive funding year for Lyra Health.

Lyra Health completes $187M Series E round and expands user base with ICAS World

By Mallory Hackett 11:47 am January 28, 2021

The digital behavioral-health-benefits platform Lyra Health announced today the closing of its Series E funding round worth $187 million. The additional funds bring its total amount raised to more than $480 million and the company valuation to approximately $2.3 billion, according to a Lyra spokesperson. The round was led by Addition and had participation from new investors Durable Capital...