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Calm

Consumer mental wellness app with meditation, sleep stories, and music.
Calm is a leading consumer mental wellness app offering guided meditations, sleep stories, music, and a B2B Calm Business offering for employers. The company became mental health's first unicorn at a $1B valuation in 2019 and was last valued at $2B in its 2022 Series C; recent revenue is roughly $300M.
Wellness 📍 San Francisco, USA Founded 2012
Current Valuation
$2.0B
as of 2022-Q1
UNICORN

QL Price

$390.4M
-80% vs last round
QuantLogix's current estimate for Calm, published 2026-09-11 — below the last disclosed round of $2.0B (2022-Q1).
Confidence
medium
Basis
secondary led
What backs this price
Last disclosed round $2.0B 2022-Q1 weight 0.05
Secondary market print $274M 2026-06-27 weight 0.63
How this price has held up
No round has priced for Calm since QuantLogix began publishing a price for it, so there is nothing to grade yet. The claim above is on the record from 2026-09-11 and will be graded against the next priced round. See the full accuracy record →
How to actually get exposure to Calm →
Which publicly-traded funds already hold it, what $10,000 buys, and whether any route is open to you.
Cite this price as QuantLogix QL Price, Calm, 2026-09-11 (ea6e8686bfcf87e1). The id pins this exact claim, so a citation stays checkable after the price moves. Model estimate for research — not a quote, target price, or investment advice.

IPO Outlookprivate

Is Calm going public?
No. Calm is private and has not filed to go public. There is no S-1 on file.
What is Calm's valuation in 2026?
Calm is valued at $2.0B as of 2022-Q1, set by its Series C ($75M, Feb 2022). That is the last confirmed mark, not a live price — private shares do not trade continuously.
Has Calm filed an S-1?
No public S-1 is on file for Calm.
Who are Calm's investors?
Calm's investors include Lightspeed Venture Partners, TPG Growth, Insight Partners, Salesforce Ventures, CAA.
Answers are derived from the roster record shown on this page — filing status, last round and confirmed marks. Where the record is silent, the answer says so rather than guessing.

Company Profile

CEO
David Ko
Founded
2012
HQ
San Francisco, USA
Employees
~300
Total Raised
$191M
Est. Revenue
$300M (2023-Q4)
Last Round
Series C — $75M (Feb 2022) · Lead: Lightspeed Venture Partners
IPO Status
private

Fundraising Status

Series C · $75M · 4y 7mo ago
privateTotal raised $191M

Secondary Market

Implied price / share
$2.17
Last round price / share
$15.89
vs last round
-86.3%
Last round price vs secondary price
Last round vs current secondary price per share$15.89Last round$2.17Current
Secondary price return by period
Secondary market period returns3-month-0.9%6-month-12.8%1-year-8.1%All-time-84.5%
Implied per-share price from private secondary transactions, as of Jun 2026. This is a point estimate, not a quote — the feed carries no bid, ask or spread, and a secondary print is evidence of what someone paid on that date rather than a live market. Compare across every tracked name →

Latest Funding Round

RoundAmountDateLead InvestorPost-Money
Series C$75MFeb 2022Lightspeed Venture Partners

Talent Signal

Hiring trend
First snapshot
trend accrues with monthly sweeps
Open roles
9
via careers page
Product-build share
11%
engineering, research, product, design
Trajectory
steady
go-to-market push — Only 11% of open roles build product — hiring is concentrated in sales/marketing/ops (5 of 9 open roles are marketing).
Actively hiring with no tracked executive churn.
Open roles by month
Open roles by month9Aug '26
Open roles by function
Open roles by functionMarketing5Sales & GTM3Clinical & Science1
product-building   go-to-market / G&A
Calm Enterprise ClinicalSkip to ContentCalm Enterprise Customer SuccessCalm Enterprise MarketingCalm Enterprise Revenue OperationsCalm Enterprise Sales
Counted from Calm's live job board as of 2026-08-17; role functions classified from posting titles. Open-role counts are an activity signal, not headcount. Refreshed monthly.

Founders & Key People

Michael Acton SmithAlex Tew

Investors

Lightspeed Venture Partners · TPG Growth · Insight Partners · Salesforce Ventures · CAA

Products

  • Calm app (meditation)
  • Sleep Stories
  • Calm Business
  • Calm Kids
  • Mindfulness courses

Competitors

Headspace · Insight Timer · BetterHelp · Talkspace · Aura
wellnessmental-healthmeditationconsumer-appsubscription
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2022-Q1. Refreshed quarterly.