Investors aren’t chilled about meditation: they’re very excited, and they’re splashing their cash accordingly. One of the digital mindfulness space’s big players, Calm, has raised another $75m of funding, which values the company at $2bn.
Lightspeed Venture Partners, TPG and Insight Partners were among the existing backers who stumped up this time round. “With companies now taking mental well-being at work seriously, there’s so much opportunity, and we raised capital to be able to put the foot down on the gas even more,” co-CEO Alex Tew told Bloomberg.
Note, this isn’t a business covering its losses with funding: Calm says it has been profitable since 2016. It has raised a lot of money though: $218m so far according to CrunchBase.
Having worked with a number of musicians – read our recent report with the BPI for more on that – Calm also said more deals with talent will follow the latest funding round.
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