Wednesday, February 12, 2020

Headspace Raises $93M In Series C For Mindfulness Tools

Santa Monica-based Headspace, which develops mindfulness and meditation software and tools, has raised $93M in a Series C funding, the company said on Wednesday morning. The company said the round was led by blisce/, and also included Waverly Capital, Times Bridge, The Chernin Group, Spectrum Equity and Advancit Capital. The company said the funding was split between $53M in equity, plus $40M in debt capital from Pacific Western Bank. Headspace said the new funds will go towards growth, and in particular international expansion. The company says it now has more than two million paid subscribers to the app, with around 62 million total downloads of its app. Richard Pierson is CEO and Co-Founder of Headspace. More information »

---