Kyros, an addiction recovery startup that has raised more than $15 million from investors, has shut down.
The company's website is still operational, but a voicemail message said Kyros "has permanently closed its office headquarters" effective Sept. 19. Kyros had offices at 401 Second Ave N. in Minneapolis.
"This decision did not come without concerns for our assessors, peers and the clients we serve," the message stated. "The impact to lives with this decision breaks our heart."
The shutdown had been first reported by KARE-11, which said that Kyros' workforce had included hundreds of "Certified Peer Recovery Specialists" and an office staff. It's not known how many full-time workers were affected by the cuts.
Founder Daniel Larson stepped down from his role as CEO in May. KARE had previously reported that both federal authorities had been questioning workers at Kyros and affiliated nonprofit Refocus Recovery employees.
KARE also reported earlier this month that the Minnesota Department of Human Services cut funding to Refocus Recovery.
Kyros provides addiction peer recovery services, which involves persons with experience recovering from addiction helping others who are seeking treatment.
KARE has been reporting for months on the billing practices used by Kyros and Refocus.
