Calm Hits $2 Billion Value With Lightspeed, Goldman, TPG Backing

Calm, maker of a meditation, sleep and relaxation app, doubled its valuation to $2 billion after raising capital from existing backers including Lightspeed Venture Partners, TPG and Insight Partners.

“With companies now taking mental well-being at work seriously, there’s so much opportunity, and we raised capital to be able to put the foot down on the gas even more,” co-founder and co-Chief Executive Officer Alex Tew said in an interview with Bloomberg.

WATCH: Alex Tew, co-founder & co-CEO of Calm.com, discusses the doubling in the meditation and relaxation app’s valuation on “Bloomberg Technology.”

(Source: Bloomberg)

Tew said there’s been an “acute” response from corporations seeking to alleviate anxiety and depression during the Covid-19 pandemic. American Express Co. cardholders in the U.S. ...