Headspace Announces Fundraising Round, Raising $93 Million to Accelerate Evolution to Global Health and Happiness Platform

Santa Monica, CA - Headspace, a global leader in mindfulness and meditation, today announced it raised a total of $93 million in its Series C funding round. The round was led by blisce/, with participation from Waverley Capital and Times Bridge – the global investments and partnerships arm of The Times Group of India – and existing investors The Chernin Group, Spectrum Equity and Advancit Capital. The new funding includes $53 million of equity from participating investors and $40 million of debt capital from Pacific Western Bank.

Since inception, Headspace has been the most science-backed digital mindfulness product in the market. The company continues to lead the industry in efforts to scientifically validate the benefits of mindfulness and meditation, with one of the largest research pipelines of any digital health and wellness company, including over 70 clinical research studies conducted with academic partners – including Carnegie Mellon, University of California San Francisco, and Stanford University. In collaboration with leading researchers, Headspace has pioneered some of the largest and most rigorous randomized controlled trials of mindfulness to date.

“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 Richard Pierson, CEO and Co-Founder of Headspace. “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 helps users apply mindfulness to promote health outcomes and supports its members through content tailored around stress, anxiety, sleep and focus, among other key need states. Over the past nine years, Headspace has experienced explosive growth, including:

• 62+ million downloads in 190 countries
• 2+ million paid subscribers
• More than 600 corporate customers through Headspace for Work, including Starbucks, Adobe, Hyatt and GE
• Headspace currently works with 15% of Fortune 100 and 20% of Fortune 50 companies, and partners with two of the top three conglomerates and two of the top three technology companies within the category