Calm Meditation app Hits $2 Billion Value

Calm, maker of a meditation, sleep and relaxation app, doubled its valuation to $2 billion.

“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.

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. and certain other countries, along with more than 12 million members covered by health-care provider Kaiser Permanente, currently have access to Calm at no additional cost.

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