Calm Meditation App Hits $2 Billion Value With Lightspeed, Goldman Backing
- Insight, Marc Benioff also participated in $75 million round
- San Francisco-based firm’s app has 4 million paying users
This article is for subscribers only.
Calm, maker of a meditation, sleep and relaxation app, doubled its valuation to $2 billion after raising capital from existing backers including Lightspeed Venture Partners, TPG and Insight Partners.
“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-founder and co-Chief Executive Officer Alex Tew said in an interview with Bloomberg.