Meditation app Headspace this morning announced plans to merge with on-demand mental health service Ginger. Barring unforeseen regulatory roadblocks, the two companies will combine to form Headspace Health. The new organization would sport a combined value of $3 billion and a headcount of more than 800.
The merger comes during accelerated usage of both parties, as a seemingly endless pandemic has put a strain on mental health across the globe and many have turned to virtual solutions to address the growing problem. [Read more…] about Headspace and Ginger merge to expand and scale up digital mental health
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. [Read more…] about Calm raises $75 million, expands into corporate mental health and wellness
Kaiser Permanente is trying to give its 12.4 million members a little bit of calm.
Starting Tuesday, the health-care provider is allowing patients to download the Calm meditation app for free as part of a way to help customers manage anxiety as they deal with the fallout from the coronavirus pandemic. Calm is the most-popular health and fitness app on Google-powered devices and No. 2 on the iPhone, according to App Annie. Paid subscriptions normally cost $70 a year … Calm was seeing surging growth even before the coronavirus forced Americans to shelter in place and led to skyrocketing unemployment. The San Francisco-based start-up was valued by investors last year at $1 billion, two years after being named Apple’s app of the year back in 2017. The app has been downloaded over 80 million times.
“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 [Read more…] about Meditation app Headspace raises $93 million in equity and debt to accelerate clinical validation and geographic expansion
“While investors are already writing big checks for meditation startups, Elevate Labs founder and CEO Jesse Pickard said that none of the existing meditation apps can replace the experience of working with a human coach. [Read more…] about Will personalized meditation apps be able to replicate the experience of working with a coach?
“Meditation start-up Calm was so successful during a chaotic and stressful 2017 that Apple recognized it as the app of the year.
“Well done, Calm,” Apple said in December. [Read more…] about Meditation app Calm said to be raising $25M to become the “Nike of the mind”