What is Calm?
Headquartered in San Francisco, California, Calm was founded on May 4, 2012, by Michael Acton Smith and Alex Tew. The company operates a subscription-based mobile application and digital platform dedicated to enhancing mental well-being. Its offerings include tools for stress management, sleep improvement, meditation practices, and overall mental wellness. Calm has achieved remarkable traction, with over 180 million downloads and more than 4 million paid subscribers globally. The platform is accessible across a wide range of devices, including iOS, Android, web browsers, Apple TV, Apple Watch, Google WearOS, Samsung Health, Samsung TV, and Sonos, demonstrating its commitment to broad accessibility and user engagement in the rapidly evolving digital health and wellness technology market.
How much funding has Calm raised?
Calm has raised a total of $212.6M across 4 funding rounds:
Angel/Seed
$578K
Series A
$22M
Series B
$115M
Series C
$75M
Angel/Seed (2014): $578K, investors not publicly disclosed
Series A (2018): $22M, investors not publicly disclosed
Series B (2018): $115M supported by Lightspeed Venture Partners, Sound Ventures, Powerhouse Capital, TPG Growth, and Monkfish Equity
Series C (2020): $75M featuring Lightspeed Venture Partners, TPG, Insight Venture Partners, Marc Benioff, and Goldman Sachs Asset Management
Key Investors in Calm
Lightspeed Venture Partners
Lightspeed Venture Partners (lsvp.com) is a global multistage venture capital firm that invests in early and growth-stage technology companies across sectors such as enterprise software, consumer, fintech, and infrastructure, partnering with founders from seed through IPO/M&A.
TPG
TPG is a global investment firm that focuses on managing alternative assets and supporting business growth across diverse industries, including private equity, credit, real estate, and impact investing.
Insight Venture Partners
Insight Venture Partners is a venture capital firm that focuses on scaling software companies. Their platform, GO, unifies portfolio companies to foster connections, strengthen leadership, and provide support as they grow.
What's next for Calm?
The recent major strategic investment in Calm signals a pivotal phase for the company, likely indicating a focus on scaling operations, expanding its product portfolio, and potentially exploring new market segments within the mental health and wellness technology industry. Given the substantial capital infusion, Calm is well-positioned to further solidify its leadership in the digital therapeutics space. Future strategic initiatives may include enhanced content development, advanced AI-driven personalization features, and broader global market penetration. The company's trajectory suggests a continued emphasis on innovation and user-centric solutions to address the growing demand for accessible mental wellness resources.
See full Calm company page
