154 days ago • Posted by Martin Boujol

Meditation app "Calm" raises $75M more, for a $2B valuation

The company was reported to hunt for $150 million and a $2.2 billion valuation, but they may raise more later on. This is no surprise for a company with a steady revenue growth, which is, unlike many, profitable. The psychological strains that can be attributed to the pandemic also gave a push to the company growth, with more and more people looking for solutions helping them reach calm and peace of mind. The issue is so big that their competitors, Headspace, even offered a free membership to all people that are unemployed. A stressful year is good news for services offering to diminish it. 

Source: TechCrunch

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