Calm is looking to raise ~$150M at a $2.2B valuation; Calm was valued at $1B in July 2019 (Bloomberg)

[tacobell fan]

Calm, maker of a meditation and sleep app, is exploring a new funding round that could more than double the company’s valuation, according to people with knowledge of the matter.

 

The San Francisco-based startup has discussed raising about $150 million at a $2.2 billion valuation, said one of the people, who requested anonymity because the plans are private. The share sale could include a component allowing some early investors to sell, said some of the people. No decision has been made, and terms could change.

Representatives at Calm didn’t immediately respond to requests for comment.

Calm, founded by Alex Tew and Michael Acton Smith, has raised about $143 million and was last valued at $1 billion, according to PitchBook. Investors include singer Harry Styles, Monkfish Equity, Insight Partners, TPG, Lightspeed Venture Partners and Ashton Kutcher’s Sound Ventures.

Narrators on the app include tennis legend John McEnroe and actor Matthew McConaughey, and Calm announced a partnership last year with basketball star LeBron James.

During the pandemic, users have ramped up their downloads of self-help apps. In April 2020, Calm, which is profitable, was downloaded 3.9 million times, followed by Headspace and Meditopia with 1.5 million and 1.4 million installs respectively, according to Sensor Tower. Earlier this year, Headspace raised $93 million in debt and equity, while Meditopia raised $15 million.

[CH_Desi]

amex card unte free one year subscription undi deeniki.

[ring_master]

Calm gaa vnna life MG cheyinchi malli calm vndadaaniki companies puttukostunnayi

[Dabbakai]

has anyone used this app ??

what is it about ?

 

[CH_Desi]

48 minutes ago, Dabbakai said:

has anyone used this app ??

what is it about ?

 

peaceful music, meditation

[Dabbakai]

12 minutes ago, CH_Desi said:

peaceful music, meditation

is that something worth trying,

we get surrounded with devices all the time if we get away with those devices I think you dont need any apps to meditate

also for peaceful music you have spotify

[Pitta]

[CH_Desi]

50 minutes ago, Dabbakai said:

is that something worth trying,

we get surrounded with devices all the time if we get away with those devices I think you dont need any apps to meditate

also for peaceful music you have spotify

I kind of liked it, oka roju nidra pattakpothe aa  app open chesi oka track play chestu nidrapoya

[Maryadaramanna]

15 minutes ago, CH_Desi said:

I kind of liked it, oka roju nidra pattakpothe aa  app open chesi oka track play chestu nidrapoya

Good to know