What is Calm?
Calm is a leading digital mental health and wellness platform headquartered in San Francisco, California. Founded in 2012 by Michael Acton Smith and Alex Tew, the company offers a subscription-based mobile application and digital services focused on improving users' mental well-being. Its core offerings include guided meditations, sleep stories, mindfulness exercises, and relaxation programs. With over 180 million downloads and more than 4 million paid subscribers globally, Calm has become a dominant force in the wellness technology space, available across a wide array of devices and platforms.
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 Goldman Sachs Asset Management, Marc Benioff, Insight Venture Partners, Lightspeed Venture Partners, and TPG
Key Investors in Calm
Goldman Sachs Asset Management
Goldman Sachs Asset Management is a global investment management firm known for its extensive financial services, including capital allocation and strategic advisory for corporations and institutional clients worldwide.
Insight Venture Partners
Insight Venture Partners is a venture capital firm that invests in and supports the growth of technology companies, focusing on scaling software and internet businesses through strategic investment and operational guidance.
Lightspeed Venture Partners
Lightspeed Venture Partners is a global venture capital firm that invests in early and growth-stage technology companies, specializing in sectors such as enterprise software, consumer, and fintech, and partnering with founders from seed to IPO.
What's next for Calm?
The recent major strategic investment signifies a pivotal moment for Calm, likely enabling the company to accelerate its product development, enhance its content library, and expand into new markets. This infusion of capital, following a history of significant funding rounds, positions Calm to further solidify its leadership in the rapidly growing digital mental health industry. Future initiatives may include deeper integration with healthcare providers, development of advanced AI-driven wellness tools, and strategic partnerships to broaden its user base and impact.
See full Calm company page
