How Much Did Headspace Raise? Funding & Key Investors

Date
February 24, 2025
Headspace

Total amount raised

$258.9 Millions

Latest funding date

January, 2020

Headspace

Location

Title

LINKEDIN

https://www.headspace.com
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Headspace has successfully raised significant funding through multiple rounds, attracting a diverse group of investors. The platform offers a range of mental health services, including meditation, mindfulness, and sleep resources.

Continue reading to delve into the details of Headspace's funding journey and discover the key investors supporting this innovative mental health platform.

What Is Headspace?

Headspace, founded in 2010 by Andy Puddicombe and Richard Pierson, is based in Santa Monica, California. The company specializes in mental healthcare, offering services such as meditation, mindfulness tools, sleep resources, and mental health coaching.

With a mission to improve mental well-being, Headspace provides guided meditations, tools for better sleep, and mindfulness programs for daily life. The platform also partners with companies to offer corporate wellness programs.

Headspace employs between 501 and 1000 people, working together to help users create life-changing habits for better mental health and overall well-being.

How Much Funding Has Headspace Raised?

  1. Series A
    • Amount Raised: $34.3M
    • Date: September 2015
    • Lead Investors: TCG
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To expand the platform's user base and enhance its meditation and mindfulness offerings.
  2. Series B
    • Amount Raised: $36.7M
    • Date: June 2017
    • Lead Investors: Spectrum Equity
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To scale operations and develop new features for the app.
  3. Series C
    • Amount Raised: $53M
    • Date: February 2020
    • Lead Investors: Blisce
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To expand internationally and invest in B2B and healthcare segments.
  4. Debt Financing
    • Amount Raised: $40M
    • Date: February 2020
    • Lead Investors: Pacific Western Bank
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To support the company's growth and operational needs.
  5. Series C Extension
    • Amount Raised: $47.7M
    • Date: June 2020
    • Lead Investors: Blisce
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To continue expanding internationally and investing in B2B and healthcare segments.
  6. Venture Round
    • Amount Raised: Not publicly disclosed
    • Date: April 2021
    • Lead Investors: Not publicly disclosed
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To further develop the platform and expand its user base.
  7. Secondary Market
    • Amount Raised: Not publicly disclosed
    • Date: October 2021
    • Lead Investors: Not publicly disclosed
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To provide liquidity to early investors and employees.
  8. Series C
    • Amount Raised: Not publicly disclosed
    • Date: February 2022
    • Lead Investors: Not publicly disclosed
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To continue scaling the business and enhancing product offerings.
  9. Debt Financing
    • Amount Raised: $105M
    • Date: July 2023
    • Lead Investors: Oxford Finance LLC
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To support ongoing growth and operational needs.

Total Amount Raised: $316.7M. Current Valuation: Not publicly disclosed.

Key Investors

  • Oxford Finance LLC
    • Details: Oxford Finance LLC is a specialty finance firm providing senior secured loans to public and private life sciences and healthcare services companies. They have a strong track record of supporting growth and expansion in these sectors.
    • Investment Focus Areas: Life sciences, healthcare services.
    • Notable Investments: Not publicly disclosed.
  • Blisce
    • Details: Blisce is a global growth-stage venture firm that invests in mission-driven companies. They focus on supporting businesses that aim to make a positive impact on society.
    • Investment Focus Areas: Technology, consumer, media.
    • Notable Investments: Spotify, Pinterest, Headspace.
  • Pacific Western Bank
    • Details: Pacific Western Bank is a commercial bank that offers a wide range of financial services, including lending and treasury management. They are known for their strong support of small to mid-sized businesses.
    • Investment Focus Areas: Commercial banking, lending, treasury management.
    • Notable Investments: Not publicly disclosed.
  • Spectrum Equity
    • Details: Spectrum Equity is a leading growth equity firm that invests in information services, software, and internet companies. They focus on partnering with companies that have strong growth potential.
    • Investment Focus Areas: Information services, software, internet.
    • Notable Investments: Ancestry.com, SurveyMonkey, Headspace.
  • TCG
    • Details: TCG, also known as The Chernin Group, is an investment firm that focuses on media, technology, and consumer brands. They aim to support innovative companies that are shaping the future of these industries.
    • Investment Focus Areas: Media, technology, consumer brands.
    • Notable Investments: Barstool Sports, Headspace.

What's Next for Headspace?

Headspace is poised to capitalize on the growing demand for digital mental health solutions. With over 62 million downloads and a strong presence in 190 countries, the company is well-positioned to expand its "Headspace for Work" and "Headspace Health" segments. These opportunities, coupled with strategic international partnerships, could significantly boost their user base and revenue streams.

Future fundraising efforts are likely, given the substantial Series C extension and the increasing interest in mental health apps. However, Headspace will need to navigate challenges such as intense competition from other meditation apps and maintaining user engagement post-pandemic. Successfully addressing these hurdles will be crucial for sustained growth and investor confidence.

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