December 8, 2020
Digital meditation app Calm landed a $75 million in Series C funding, pushing up the company’s valuation to $2 billion. Lightspeed Venture Partners led the round with participation from TPG, Insight Venture Partners, Marc Benioff and funds managed by Goldman Sachs Asset Management.
This news come a little over a year after the company announced a $113 million Series B raise.
WHAT IT DOES
October 23, 2020
Employer mental health benefits provider Lyra Health has inked a strategic partnership with stress and wellness app Calm, the companies announced Tuesday. With the deal, Lyra's customers may choose to offer Calm's app and digital programs to their employees. Existing Lyra members with mild mental health issues such as stress will have the Calm app recommended. It will be available for direct...
June 22, 2020
Mental health and wellness app use has been on the rise during the past few months of COVID-19, but new quarantines and disease concerns may not be fueling the spike in new users or other metrics.
According to a recent data report from Apptopia, increases among the 15 most popular of these apps have been in lockstep with the gradual trend of rising engagement that the mobile app market-...
March 18, 2020
As cases of COVID-19 around the world increase, it is not only people’s physical health which is under threat.
Uncertainty, constant news and social isolation can trigger anxiety for many, especially those with pre-existing mental health conditions.
Stephen Buckley, head of information at UK Mind, said the pandemic is “causing people a lot of concern and media coverage might play a role in...
February 3, 2020
Investment into mental health technology has boomed, reaching £580 million in 2019, according to a study by early stage investor Octopus Ventures.
The research, based on analysis of the latest Pitchbook data, shows an almost five-fold increase in mental health tech investment in the last six years, rising from £120 million in 2014.
Octopus says this trend is down to corporates increasingly...
July 2, 2019
Calm, which makes a meditation and sleep app of the same name, has tacked $27 million onto its previously announced $88 million Series B round thanks to new backing from Lightspeed Venture Partners, the investor shared in a Medium.com post.
This add-on capital brings the startup’s total backing to $143 million.
WHAT THEY DO
Cofounders and co-CEOs Michael Acton Smith and Alex Tew founded Calm with...
April 12, 2019
From virtual therapy to mindfulness and meditation aids, there’s little shortage of digital tools catching investors’ eyes and breaking into the crowded behavioral health market. Although a number of these services are positioning their business to focus on payers and employers, many others are taking their products directly to consumers via monthly subscriptions, one-time retail purchases or...
March 5, 2019
San Francisco-based Calm’s meditation service is now directly accessible through the Samsung Health app, the companies announced in a press release yesterday.
Smartphone users who have downloaded and updated Samsung’s health and wellness platform can set up or sync a Calm account by clicking on the “Mindfulness” icon within the app, and then following the instructions. Along with personalizing...
February 6, 2019
San Francisco-based Calm, developer of the meditation and sleep app of the same name, announced this morning that it has raised $88 million in a Series B funding round led by TPG Growth. Creative Artists Agency also participated in the round alongside existing investors Insight Venture Partners and Sound Ventures.
The new backing brought Calm’s total funding to $116 million and, according to the...
June 20, 2018
Calm, developer of the meditation and sleep app of the same name, has raised $27 million in a round of funding led by Insight Ventures that also includes singer Harry Styles (formerly of One Direction) and Sound Ventures, the investment vehicle of actor Ashton Kutcher. This is the company's first major funding round since a $1.5 million seed round, and brings its total investment to $28.5 million...