Ashton Kutcher-backed meditation app Calm valued at US$1 billion

  • Calm aims to help people tackle mental health issues such as anxiety and insomnia through mediation sessions and tutorials

Chinese elderly man meditating in Hong Kong, China. Photo: SCMP

Calm.com, which makes an app that guides people through relaxation exercises and encourages users to breathe, has been valued at US$1 billion in a funding round led by TPG Growth, the start-up said on Wednesday.

Calm raised US$88 million in the round, which included existing investors Insight Venture Partners and Ashton Kutcher’s Sound Ventures, as well as Hollywood’s Creative Artists Agency. The new cash influx brings the start-up’s total money raised to US$116 million.

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