Meditation App Backed by Ashton Kutcher Valued at $1 Billion
This article is for subscribers only.
Calm.com Inc. -- which makes an app that guides people through relaxation exercises and encourages users to breathe -- has been valued at $1 billion in a funding round led by TPG Growth, the startup said on Wednesday.
Calm raised $88 million in the round, which included existing investors Insight Venture Partners and Ashton Kutcher’s Sound Ventures, as well as Hollywood’s Creative Artists Agency. The new cash influx brings the startup’s total money raised to $116 million.