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- Headspace
Headspace Revenue, Valuation, Funding & Investors
Headspace is valued at $250M as of September 2015, a 1.3x multiple on its last reported $195M revenue.
Last Headspace valuation
$250M
Series A · Sep 2015
Last Headspace funding round
$48M
Series C · Jun 2020
Headspace revenue
$195M
Series A · Sep 2015
Key investors in Headspace
TCG
Spectrum Equity
Advancit Capital
Blisce
Waverley Capital
Times Bridge
About Headspace
Headspace is a global mental health platform available through headspace.com, combining meditation, mindfulness exercises, self-guided care paths, coaching, and therapy in a single app. It partners with employers, health plans, and organizations to deliver psychiatry, employee assistance programs, care navigation, and work-life services. Headspace employs clinicians, content producers, and data scientists to serve users worldwide with personalized resilience-building programs.
Founded
2010
HQ
Website
Status
Privately held
Customer focus
B2C & B2B
Revenue model
Subscription
Revenue
$195M (Sep 2015)
Valuation
$250M (Sep 2015)
Headspace Valuation
Headspace is currently valued at $250M, based on its Series A in September 2015.
The $34M round was led by TCG.
Headspace valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Sep 2015 | Series A | $250M | 1.3x |
Headspace Revenue
Headspace's latest recorded revenue is $195M, as of its Series A in September 2015. At a $250M valuation, that implies a 1.3x revenue multiple.
Headspace revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Sep 2015 | $195M | $250M | 1.3x | Series A |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Headspace Funding History
Headspace has raised a total of $176M across 5 funding rounds.
Headspace's first fundraising round was a $4M angel round in November 2014. The most recent completed round was a $48M Series C in June 2020.
Headspace funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2020 | Series C | Blisce (lead); TCG; Next Play Ventures; Advancit Capital; Althea Ventures; Spectrum Equity; Waverley Capital; Times Bridge | $48M | - | - |
| Feb 2020 | Series C | Blisce (lead); TCG; Advancit Capital; Spectrum Equity; Waverley Capital; Counterpart Advisors; Times Bridge | $53M | - | Headspace Inc. operates an online meditation and mental health platform, offering mindfulness and meditation services to consumers and businesses through its app and Headspace for Work B2B segment. The company raised $93 million in a mixed equity and debt Series C round in February 2020, with $53 million in equity led by Blisce and participation from Waverley Capital, Times Bridge, The Chernin Group (TCG), Spectrum Equity, and Advancit Capital, plus $40 million in debt from Pacific Western Bank. An extension added $47.7 million in equity from existing investors, bringing total Series C equity to $100.7 million. Headspace reported over 2 million paid subscribers and more than 600 corporate customers including Starbucks, Adobe, Hyatt, and GE at the time of the round. The app had been downloaded over 62 million times across 190 countries. Funds were allocated to expand direct-to-consumer business, grow the B2B segment, pursue clinical validation through 70 studies with partners like Carnegie Mellon, UCSF, and Stanford, and accelerate international growth. Headspace competes directly with Calm, which raised $88 million in early 2019 at a valuation over $1 billion. |
| Jun 2017 | Series B | Spectrum Equity (lead); Revelation Partners | $37M | - | Headspace, a Los Angeles-based digital mental health company, provides guided meditation and mindfulness services through its mobile app. In June 2017, it closed a $36.7 million Series B funding round led by Spectrum Equity, with participation from Revelation Partners. This followed a $30 million Series A in 2015 led by The Chernin Group. The funds were intended to expand corporate partnerships, create more content, and support international growth. Headspace had launched its app in 2012 after starting with live meditation events. The company had raised a total of about $73.7 million in funding by that point. Headspace continued growing post-2017, employing staff across Los Angeles, San Francisco, and London offices, and adding Ross Hoffman as Chief Business Officer in June 2017. Later developments included a 2021 merger with Ginger valued at $3 billion. |
| Sep 2015 | Series A | TCG (lead) | $34M | $250M | Headspace is a meditation and mindfulness platform founded in 2010 by Andy Puddicombe and Rich Pierson, offering guided meditation exercises and mindfulness training to users globally. The company provides both free-tier access through its 'Take 10' program of ten 10-minute sessions and paid subscription offerings, with the core app available on iOS, Android, and web platforms. In September 2015, Headspace closed a Series A funding round raising $34.3 million at a post-money valuation of $177.16 million. The round was led by The Chernin Group and included investors such as Advancit Capital, Allen & Company, Breyer Capital, Broadway Video Ventures, Deerfield Management, and talent agency William Morris Endeavor, alongside notable angels including Jeff Weiner (LinkedIn CEO), Jessica Alba, Jared Leto, and Ryan Seacrest. By the time of the Series A round, Headspace had already achieved over 62 million downloads across 190 countries with more than 2 million paid subscribers. The company planned to deploy Series A proceeds toward producing additional meditation content, further developing its mobile app, expanding its team at US headquarters and UK offices, and accelerating user acquisition efforts. |
| Nov 2014 | Angel | - | $4M | - | - |
Who has invested in Headspace?
10 investors have backed Headspace across its funding rounds, including TCG, Spectrum Equity, Advancit Capital, Blisce, Waverley Capital and Times Bridge.
Lead investors include Blisce, Spectrum Equity and TCG.
Headspace Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Sep 2015 | ||
| 3 | Lead | Jun 2017 | ||
| 2 | Participant | Feb 2020 | ||
| 2 | Participant | Feb 2020 | ||
| 2 | Participant | Feb 2020 | ||
| 2 | Lead | Feb 2020 | ||
| 1 | Participant | Jun 2017 | ||
| 1 | Participant | Jun 2020 | ||
This data is available for Pro users. Sign up to see all 10 Headspace investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by Headspace
Headspace has acquired 5 companies to date.
Last acquisition by Headspace was on April 3rd 2025. Headspace acquired Supertalk AI for undisclosed valuation.
Latest Acquisitions by Headspace
| Description | - | Shine is a self-care mobile application that sends daily SMS messages with life advice, positive reinforcements, actionable tips, and audio challenges addressing confidence, happiness, mental health, productivity, and anxiety management. | Sayana is a mobile app offering science-backed exercises and audio sessions for stress reduction and sleep improvement. Users access personalized sleep stories and breathing techniques matched to daily moods, developed with psychologists from Stanford University. Available on iOS and Android, Sayana serves professionals in the United States and Europe. | Ginger is a San Francisco-headquartered telemental health platform connecting users to behavioral coaches, therapists, and psychiatrists via smartphone. The service offers 24/7 on-demand support for anxiety, depression, and stress management. Partnerships with employers like Boeing and health plans such as Aetna provide access to evidence-based care for workforces nationwide. | |
| HQ Country | - | ||||
| HQ City | - | New York City, NY | San Francisco, CA | San Francisco, CA | |
| Deal Date | 3 Apr 2025 | 8 Sep 2022 | 12 Jan 2022 | 25 Aug 2021 | |
| Valuation | undisclosed | undisclosed | undisclosed | $3B | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
This data is available for Pro users. Sign up to see all Headspace acquisitions and their M&A valuation multiples. Start Free Trial | |||||
Headspace Competitors
Headspace competitors include listed companies like Talkspace, Teladoc and Hims, and private ones like Slingshot AI, Recuro Health and Workit Health.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $10M | - | $220M | 22.0x | ||
| Private | $33M | - | $313M | 9.5x | ||
| Private | - | - | $500M | - | ||
| Publicly listed | $229M | $6M | $871M | 3.4x | ||
| Publicly listed | $2.5B | $124M | $1.1B | 0.6x | ||
| Publicly listed | $2.3B | $178M | $6.5B | 2.4x |
Headspace Public Comps
Headspace is still privately-owned, but its public comps include Security First International, American Well, Dear U, Perfect Corp., Nyxoah, Weight Watchers, Kurashiru, LifeMD, CyberLink and Dozn.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| - | - | - | - | - | - | |||
| $249M | ($63M) | 0.2x | 0.2x | (0.8x) | (3.1x) | |||
| $61M | $16M | 3.0x | 2.8x | 11.4x | 6.7x | |||
| $69M | $636K | 0.5x | 0.5x | 56.9x | 11.9x | |||
| $12M | ($97M) | 9.5x | 3.2x | (1.1x) | (1.4x) | |||
| $786M | ($198M) | 0.6x | 0.7x | (2.4x) | 4.0x | |||
| $109M | $24M | 2.5x | 2.2x | 11.5x | 11.4x | |||
| $194M | ($2M) | 0.7x | 0.7x | (89.1x) | 75.2x | |||
This data is available for Pro users. Sign up to see all Headspace competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Headspace
| When was Headspace founded? | Headspace was founded in 2010. |
| Where is Headspace headquartered? | Headspace is headquartered in Los Angeles, CA, United States. |
| Is Headspace publicly listed? | No, Headspace is a private, VC-backed company. |
| What is Headspace's valuation? | Headspace was last valued at $250M in its Series A in September 2015. |
| How much funding has Headspace raised? | Headspace has raised $176M across 5 funding rounds. |
| What was Headspace's last funding round? | Headspace's last funding round was a $48M Series C in June 2020, led by Blisce. |
| Who are Headspace's investors? | Headspace's investors include TCG, Spectrum Equity, Advancit Capital, Waverley Capital, Times Bridge, Blisce, Revelation Partners, Next Play Ventures, Althea Ventures and Counterpart Advisors. |
| What is Headspace's revenue? | Headspace's latest recorded revenue is $195M (September 2015). |
| What is Headspace's revenue multiple? | Headspace's latest valuation implies a 1.3x revenue multiple ($250M valuation on $195M of revenue). |
| Which companies are comparable to Headspace? | Companies comparable to Headspace include Slingshot AI, Recuro Health, Workit Health, Talkspace, Teladoc and Hims. |
| How many companies has Headspace acquired? | Headspace has acquired 5 companies, including Supertalk AI, Shine, Sayana, Ginger and Alpine.AI. |
| What was the largest acquisition by Headspace? | The $3B acquisition of Ginger in August 2021 is the largest acquisition Headspace has made to date. |
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