How Much Did Calm Raise? Funding & Key Investors

Calm has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The platform offers a comprehensive suite of tools designed to help users manage stress, sleep better, and practice mindfulness.

Keep reading to explore the intricacies of Calm's fundraising journey and the investors backing this innovative wellness platform.

What Is Calm?

Calm, founded in May 2012 by Alex Tew and Michael Acton Smith, is headquartered in San Francisco, California. The company offers a mental health app designed to help users manage stress, sleep better, and live a happier, healthier life.

Calm's products include guided meditations, sleep stories, breathing programs, and relaxing music. They also provide services tailored for businesses and children, as well as educational audio programs.

With a team of 251-500 employees, Calm continues to innovate in the wellness space, aiming to make the world happier and healthier.

How Much Funding Has Calm Raised?

1. Seed Round
   • Amount Raised: $465K
   • Date: February 2013
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To develop the initial version of the Calm app and launch it to the market.
2. Seed Round
   • Amount Raised: $578K
   • Date: June 2014
   • Lead Investors: LAUNCH
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand the app's features and increase user acquisition.
3. Series A
   • Amount Raised: $27M
   • Date: June 2018
   • Lead Investors: Insight Partners
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale operations and enhance the app's content library.
4. Series B
   • Amount Raised: $88M
   • Date: February 2019
   • Lead Investors: TPG Growth
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand globally and invest in marketing efforts.
5. Series B
   • Amount Raised: $27M
   • Date: July 2019
   • Lead Investors: Lightspeed Venture Partners
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To further develop Calm's business offerings and partnerships.
6. Secondary Market
   • Amount Raised: Not publicly disclosed
   • Date: September 2019
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To provide liquidity to early investors and employees.
7. Series C
   • Amount Raised: $75M
   • Date: December 2020
   • Lead Investors: Lightspeed Venture Partners
   • Valuation at Round: $2 billion
   • Motivation Behind the Round: To capitalize on the growing interest in mental well-being at work and fuel further growth through potential M&A deals.
8. Venture Round
   • Amount Raised: Not publicly disclosed
   • Date: February 2021
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To continue expanding Calm's product offerings and market reach.

Total Amount Raised: $217M. Current Valuation: $2 billion.

Key Investors

• Lightspeed Venture Partners
  • Details: Lightspeed Venture Partners is a venture capital firm that focuses on early-stage investments. They have a global presence with professionals and advisors in Silicon Valley, Israel, India, Southeast Asia, Europe, and China.
  • Investment Focus Areas: Technology, enterprise, consumer, health sectors.
  • Notable Investments: Snapchat, Nest, GrubHub.
• TPG Growth
  • Details: TPG Growth is the growth equity and middle-market buyout platform of TPG, a global alternative asset firm. They focus on investments that drive growth and innovation.
  • Investment Focus Areas: Technology, healthcare, consumer, industrial sectors.
  • Notable Investments: Airbnb, Uber, Spotify.
• Insight Partners
  • Details: Insight Partners is a global private equity and venture capital firm. They specialize in growth-stage software and internet businesses.
  • Investment Focus Areas: Software, internet, data services.
  • Notable Investments: Twitter, Shopify, Wix.
• LAUNCH
  • Details: LAUNCH is an early-stage venture capital firm. They are known for their focus on technology startups and have a strong track record of successful investments.
  • Investment Focus Areas: Technology startups.
  • Notable Investments: Uber, Thumbtack, Wealthfront.
• Marc Benioff
  • Details: Marc Benioff is the CEO of Salesforce, a cloud-based software company. He is also known for his philanthropic efforts and investments in technology and social impact ventures.
  • Investment Focus Areas: Technology, social impact.
  • Notable Investments: Twitter, SpaceX, various philanthropic ventures.

What's Next for Calm?

Calm is poised to capitalize on the growing demand for mental health solutions, especially in the wake of the COVID-19 pandemic. With partnerships like those with American Express and Kaiser Permanente, the potential user base is vast. The company’s enterprise arm, Calm for Business, already covers over 10 million lives, indicating significant room for growth.

Future fundraising opportunities seem promising, with the company likely to attract more investment to support global expansion and potential acquisitions. However, challenges such as competition from other mental wellness apps and maintaining high engagement rates could pose hurdles. Navigating these will be crucial for Calm's sustained success.

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