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Meditation App Calm Said to Seek Funds at $2.2 Billion Valuation

Oct. 13, 2020, 10:46 PM

Calm, maker of a meditation and sleep app, is exploring a new funding round that could more than double the company’s valuation, according to people with knowledge of the matter.

The San Francisco-based startup has discussed raising about $150 million at a $2.2 billion valuation, said one of the people, who requested anonymity because the plans are private. The share sale could include a component allowing some early investors to sell, said some of the people. No decision has been made, and terms could change.

Representatives at Calm didn’t immediately respond to requests for comment.

Calm, founded by Alex Tew ...