Meditation App Calm Announces $88 Million In Series B Funding
forbes | February 06, 2019
Today, lead by TPG Growth, with participation from Creative Artists Agency (CAA) and existing investors Insight Venture Partners and Ashton Kutcher’s Sound Ventures, Calm has announced an $88 million dollar Series B raise, based on a $1 billion valuation. The new funding round will support the brand’s international expansion as well as growth of the brand’s premium content for subscribers. The San Francisco-based meditation app and platform focuses on helping users tackle anxiety, stress and insomnia. The brand’s most recent feature of bedtime stories for adults, called Sleep Stories, have been downloaded over 100 million times. Counting 40 million downloads worldwide, as well as over one million paying subscribers, Calm now has one new user joining every second.