Industry Bulletins | June 27, 2018
Calm Raises $27 Million To Grow Its Meditation App
Meditation start-up Calm recently raised $27 million in series A round funding, which was led by Insight Venture Partners. The funding gives the company a pre-money valuation of $250 million.
Calm’s $4.99 monthly subscription features various programs and audio content aimed at helping individuals to reduce anxiety, depression, and insomnia, with a handful of free features, as well. Prior to the recent round of funding, Calm had raised about $1.5 million from a list of various entrepreneurs and organizations. Despite its recent inception in 2012, the company has already reported profitability.
Calm is the number . . .