Lantern Receives $17,000,000 Series A Funding

  • Feed Type
  • Date
    2/11/2016
  • Company Name
    Lantern
  • Mailing Address
    589 Howard St. San Francisco, CA 94105 USA
  • Company Description
    Finding emotional well-being during life’s twists and turns isn’t easy. Accessing care is at best expensive, and at worst completely out of reach. And that’s where Lantern comes in.
  • Website
    http://www.golantern.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $17,000,000
  • Transaction Round
    Series A
  • Proceeds Purposes
    Lantern plans to do a couple of things with the funding. For starters, it wants to focus more on integrating Lantern into employer insurance plans, so that employees can access Lantern as a benefit. The first step in that process would be to deploy Lantern within the UPMC health system.Lantern also wants to invest more into research studies to show the economic proof that symptom reduction positively affects the bottom line for employers in terms of health costs.
  • M&A Terms
  • Venture Investor
    UPMC Health Plan
  • Venture Investor
    Mayfield Fund
  • Venture Investor
    SoftTech VC

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