Kyros, a digital platform designed to help people recover from substance use disorders, has raised $10.5 million in its most recent funding round.
Rally Ventures, who previously led the $4.4 million funding round for Kyros in 2022, led this most recent round.
“Kyros is demonstrating the ability to significantly move the needle on client health outcomes by filling the gaps inherent in the existing industry model,” said Justin Kaufenberg, Rally Ventures' managing director, in a statement. “Kyros has become a critical partner for industry incumbents to efficiently manage peer recovery services, so they can remain focused on their core mission and services.”
The Minneapolis-based software startup was launched in 2021 by Founder and CEO Daniel Larson. Larson said in a statement that Kyros will use the funding to broaden access to its services and refine its tech.
The company recently made its first C-suite executive hire, naming Nick Christianson as chief financial officer.
