Kyros, a Minnesota-based technology platform that provides Substance Use Disorder (SUD) recovery services, has raised an additional $10.5 million in funding to expand access to life-saving services. The funding round was led by existing investor Rally Ventures.
Kyros focuses on removing barriers to SUD recovery by connecting individuals in need with Certified Peer Recovery Specialists (CPRS) who serve as their mentors and advocates. The company’s technology-enabled approach to peer recovery services aims to provide effective and scalable support by meeting individuals where they are in their communities.
Rather than confining recovery services to treatment centers, Kyros meets clients in their communities and works with them on an average of four times per week to develop and work through individualized wellness plans to achieve their recovery goals.
Kyros aims to address the challenges faced by people struggling with addiction throughout their daily lives and in their communities, providing practical support to remove barriers to recovery. The company’s community-based, partnership approach complements the work of organizations in the recovery industry.
Daniel Larson, President and CEO of Kyros, stated, “Kyros is defining the next generation of recovery by recognizing that preventative care happens more and more outside the four walls of a treatment center. Our community-based approach, combined with the data analytics enabled by our technology platform, is incredibly powerful. We’re enthusiastic about channeling our investments into broadening access to services for more individuals in need, as well as advancing the refinement of tools crucial to enhancing both client and service provider outcomes.”
Kyros has served over 5,000 clients in the last 24 months and engaged over 400 CPRS who have provided recovery services. In addition to peer recovery services, Kyros is expanding access to same-day, virtual comprehensive assessments to provide immediate pathways to help for individuals who are ready to seek assistance.
Justin Kaufenberg, Managing Director at Rally Ventures, commented, “Kyros is demonstrating the ability to significantly move the needle on client health outcomes by filling the gaps inherent in the existing industry model. 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. Our continued support is a commitment to fostering innovation that doesn’t just drive financial success but also drives meaningful, lasting impact.”
Kyros’ focus on leveraging technology to expand access to recovery services and support individuals in their communities highlights the potential for digital solutions to address critical healthcare challenges and improve patient outcomes.