SA国际传媒

Less than five months after raising an $88 million Series B and becoming mental health鈥檚 first unicorn, meditation app has now added another $27 million to that round, according to one of its backers and as . That takes the company鈥檚 Series B to $115 million and its to $143 million, according to its SA国际传媒 profile.

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In a today, Lightspeed Venture Partners鈥� Nicole Quinn (who also is an avid Calm user) outlines why the firm invested in Calm alongside TPG and a slew of celebrities. In that blog, Quinn calls Calm鈥檚 co-founders, Alex Tew and Michael Acton Smith, 鈥渢wo of the most savvy executives鈥� she knows. We talked with the pair back in February and they shared then that Calm saw its revenue grow four-fold in 2018 to $80 million from $20 million in 2017. They also said the startup is cash-flow positive and has been for several years, a rarity in the startup world.

Calm has a couple quirkier offerings, including exclusive music for its subscribers and Sleep Stories told by some familiar voices like Matthew McConaughey or Leona Lewis.

But overall, the meditation app space is relatively hectic. Calm鈥檚 most clear competitor is Headspace, which has raised about and is . But others have also filled in cracks in the meditation and therapy industry. Talkspace, for example, connects those needing help to a network of therapists, through a digital app. It recently raised $50 million in a Series D.

As stigma around mental health and wellness decreases, startups are feeling the change through an uptick in funding, and attention. In that vein, Calm鈥檚 follow-on cash is not surprising, and innovation within the sector is long overdue.

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