What is a calm app?

Like so-called “super-apps” WeChat and Gojek, the Calm app offers a variety of services. Its features include music, a conversation-based series called “The Spark” that’s akin to a podcast, content for children and teenagers, and mood check-ins and journaling, in addition to meditation programs and stories meant to help users fall sleep.

Why did calm double its valuation to $2 billion?

This article is for subscribers only. Calm, maker of a meditation, sleep and relaxation app, doubled its valuation to $2 billion after raising capital from existing backers including Lightspeed Venture Partners, TPG and Insight Partners.

Is calm a profitable company?

Prior investor Lightspeed Venture Partners led the investment, which also saw participation from Insight, TPG and Salesforce CEO and new Slack owner Marc Benioff, among others. That Calm was able to secure more capital is not surprising. The company has a history of quick revenue growth, and is reportedly profitable, to boot.