Meditation app Headspace attracts $93m fundraise, plans further international growth

Ben Heathcote | February 14, 2020

App Deals

Headspace, the global meditation and mindfulness app, has secured a $93 million investment as part of its Series C round. The round was led by blisce/, with participation from Waverley Capital, Times Bridge and existing investors The Chernin Group, Spectrum Equity and Advancit Capital.

One of the first meditation apps in the world, Headspace now boasts more than 60 million users in 190 countries, over two million paid subscribers and more than 600 corporate customers through Headspace for work. The app helps users apply mindfulness to promote health outcomes and supports its members through content tailored around stress, anxiety, sleep and focus.

“Headspace has shown millions of people the power of using mindfulness to mitigate stress, anxiety, and other everyday issues, while continuing to advance the field through clinically-validated research,” said co-founder and CEO Richard Pierson.

“As we think about the next ten years and beyond, we are focused on harnessing this power and applying it to other areas of our members’ lives to help them create healthy routines that last a lifetime – whether that is through our Headspace consumer app, the work we currently do with hundreds of employers, or with healthcare providers as we look to deliver better access. We are excited to work with leading global investors who share our vision to improve the health and happiness of the world.”

Headspace said it will continue investing in its B2B segment, Headspace for Work, which has seen its revenue double year-over-year from 2017 to 2018 and most recently in 2019. It also plans to “accelerate its growth momentum” with a focus on further international expansion.

Last year, the company launched localised versions of the app in French and German, and appointed former Apple executive Renate Nyborg as Head of Europe to lead expansion in the region. Headspace also launched Latin American Spanish and Brazilian Portuguese, and continues its expansion in Asia through strategic relationships with partners.