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Calm, founded in 2012 and headquartered in San Francisco, California, is a leading mental wellness brand in the health and wellness industry. The company offers a digital platform for sleep, meditation, and relaxation, aiming to help users manage stress, sleep better, and improve their overall well-being. Calm has established itself as the world's first mental health unicorn and the #1 app for sleep, meditation, and relaxation.
With a presence in over 190 countries and support for seven languages, Calm has reached more than 150 million people globally. The company's success is evident in its impressive growth, with reports suggesting revenue increased from $150 million to over $500 million in 2021. As of November 2022, Calm boasted four million paid individual subscribers and served over 3,500 organizations through its Calm Business offering, reaching a workforce of more than 10 million employees.
Calm has attracted significant investor interest, raising a total of $191.25 million across multiple funding rounds. The company's last reported valuation was $2 billion during its Series C funding round in December 2020. Notable investors include TPG, Insight Partners, Lightspeed Venture Partners, and Goldman Sachs Asset Management.
While there have been no official announcements regarding Calm's IPO plans, the company's strong market position and financial growth make it a subject of interest for potential investors. The global mental health apps market, estimated at $6.2 billion in 2023, is projected to reach $17.5 billion by 2030, indicating a favorable environment for companies like Calm.
As with any private company, Calm's future plans for going public remain uncertain. Investors interested in the mental health and wellness sector should continue to monitor official announcements from the company for any updates on potential IPO prospects.
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While Calm's IPO prospects remain uncertain, investors eager to gain exposure to the mindfulness and meditation app market don't have to wait. At Linqto, we offer members access to interests in pre-IPO private companies, including potential leaders in the wellness and technology sectors. Our platform allows you to diversify your portfolio with lower minimum investments, potentially benefiting from the growth of innovative companies like Calm before they go public.
*These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO. The information provided above is based on current online discussions and is not intended as investment advice. Linqto does not endorse or guarantee the accuracy of this information, and we strongly recommend conducting your own research or consulting with a professional advisor before making any investment decisions. Linqto cannot be held liable for any investment outcomes resulting from the use of this information.