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Meditation app Headspace raises $93 million in equity and debt to accelerate clinical validation and geographic expansion

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Head­space rais­es $93 mil­lion in equi­ty and debt as it pur­sues clin­i­cal val­i­da­tion for mind­ful­ness (TechCrunch):

Head­space, the Los Ange­les-based mind­ful­ness and med­i­ta­tion com­pa­ny locked in a bit­ter com­pet­i­tive strug­gle with Calm for lead­er­ship in the men­tal well­ness world, has raised new cap­i­tal to try to take the pole posi­tion.

The com­pa­ny has just closed on $93 mil­lion in new equi­ty and debt financ­ing from a slew of investors as it pur­sues a num­ber of clin­i­cal stud­ies that could pro­vide sci­en­tif­ic val­i­da­tion for the some­what neb­u­lous claims around the ben­e­fits asso­ci­at­ed with mind­ful­ness and med­i­ta­tion.

That clin­i­cal val­i­da­tion can also unlock new dol­lars in the form of gov­ern­ment pay­ments for mind­ful­ness ther­a­pies that could be used to treat a vari­ety of con­di­tions. It also makes more valid the company’s pitch to com­pa­nies as a use­ful com­po­nent of an employ­ee ben­e­fit pro­gram … Headspace’s new cash comes from invest­ment firm blisce, with par­tic­i­pa­tion from Waver­ly Cap­i­tal, Times Bridge (the invest­ment arm of The Times Group of India), The Chernin Group, Spec­trum Equi­ty and Advancit Cap­i­tal. A $40 mil­lion debt financ­ing from Pacif­ic West­ern Bank sup­ple­ment­ed the $53 mil­lion in equi­ty.”

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As seen in The New York Times, The Wall Street Journal, BBC News, CNN, Reuters,  SharpBrains is an independent market research firm tracking how brain science can improve our health and our lives.

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