Lucid Lane, Inc.
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Lucid Lane, Inc. - overview
Established
2017
Location
Los Altos, CA, US
Primary Industry
Healthcare Specialists
About
Based in the US, Lucid Lane, Inc. operates as a provider of digital mental health services, focusing on enhancing emotional well-being through innovative counseling and therapy solutions. Lucid Lane, Inc. was founded in 2017 and is headquartered in Los Altos, US.
The company specializes in delivering digital mental health services and has completed 3 deals to date, with the most recent funding round occurring on June 15, 2021. The company raised USD 16. 00 mn in a Series A round led by Accel, with participation from AME Cloud Ventures, Battery Ventures, and Morado Ventures. Lucid Lane has not undergone any significant pivots or changes in its business model since its inception.
Lucid Lane provides a comprehensive suite of digital mental health services aimed at addressing various mental health conditions, including depression, anxiety, PTSD, and chronic pain. Core offerings include remote therapy sessions with licensed therapists, medication titration counseling, psychological evaluations, and coaching services utilizing evidence-based approaches like Cognitive Behavioral Therapy and Acceptance and Commitment Therapy. Their services are accessible through video and telehealth sessions across the United States. Lucid Lane generates revenue from direct client transactions for its therapeutic services, structured around hourly pricing plans.
Clients pay USD 135 for a one-hour session with a licensed therapist, USD 85 for coaching sessions, and USD 60 for peer support sessions. The company also accepts major health insurance plans, enhancing access to its mental health services and maintaining a steady revenue stream from both direct-to-consumer interactions and partnerships with insurers. Following its Series A funding round in June 2021, Lucid Lane, Inc. aims to use the USD 16.
00 mn raised to expand its service offerings to address a broader range of mental health needs and to increase its market presence. Plans include the introduction of new mental health programs and the potential expansion into additional geographic regions to enhance accessibility. The company is focused on utilizing the funding to strengthen its service capabilities and reach more clients in need of mental health support.
Current Investors
Battery Ventures, A&E Investment, Accel
Primary Industry
Healthcare Specialists
Sub Industries
Mental Health Services, Web Applications, Conferencing Software
Website
www.lucidlane.com
Verticals
HealthTech
Company Stage
Series A
Total Amount Raised
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Lucid Lane, Inc. - employee data
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