Headspace

Headspace

Digital platform for mindfulness and meditation

About Headspace

Simplify's Rating
Why Headspace is rated
B
Rated B on Competitive Edge
Rated A on Growth Potential
Rated C on Rating Differentiation

Industries

Consumer Software

Healthcare

Company Size

1,001-5,000

Company Stage

Debt Financing

Total Funding

$170.6M

Headquarters

Santa Monica, California

Founded

2010

Overview

Headspace is a digital health platform that focuses on mindfulness and meditation to help individuals improve their mental and physical well-being. The platform offers guided meditation sessions, daily mini-meditations, and exercises aimed at managing stress, anxiety, and sleep issues. Users can access a limited amount of content for free, but a subscription to Headspace Plus is required to unlock the full range of services. This subscription model provides a steady revenue stream while ensuring users have comprehensive tools for mental health improvement. Headspace differentiates itself by offering free access to its premium service for unemployed individuals, showcasing its commitment to supporting mental health during difficult times. The company's goal is to make mindfulness and meditation accessible to everyone, particularly during stressful periods.

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Simplify's Take

What believers are saying

  • Growing demand for digital mental health solutions boosts Headspace's market potential.
  • Rising interest in personalized wellness experiences aligns with Headspace's customizable programs.
  • Corporate wellness initiatives offer partnership opportunities for Headspace.

What critics are saying

  • Increased competition from CVS Health's personalized healthcare app.
  • Recent layoffs may impact Headspace's innovation and service quality.
  • Privacy concerns with AI companions like Ebb could affect user trust.

What makes Headspace unique

  • Headspace blends science-backed mindfulness with a warm, approachable design.
  • Offers free premium access to unemployed users, showing commitment to mental health support.
  • Introduced Ebb, an empathetic AI companion, enhancing user experience.

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Funding

Total Funding

$170.6M

Above

Industry Average

Funded Over

5 Rounds

Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Debt Funding Comparison
Coming Soon

Benefits

Unlimited Vacation

Catered Lunch

Fully Paid Health Care

Competitive Salaries

Free gym membership

Growth & Insights and Company News

Headcount

6 month growth

2%

1 year growth

2%

2 year growth

2%
PYMNTS
Feb 12th, 2025
Cvs Health’S All-In-One App Aims To Personalize Healthcare

Digital personalization in the healthcare industry is critical to elevate the customer experience. In keeping with that theme, CVS Health CEO David Joyner identified advancing digital strategies as one of four priorities for 2025 during the company’s fourth-quarter earnings call Wednesday (Feb. 12). The newly redesigned CVS Health app will help “drive simplicity and efficiency while delivering better experiences for the people we serve,” Joyner said during the call

Behind Login
Feb 12th, 2025
Headspace Onboarding: A UX Journey That Welcomes and Delights

Competing against Calm, Insight Timer, and others in the health and fitness category, Headspace has carved out a niche by blending science-backed mindfulness techniques with a warm, approachable design.

The Healthcare Technology Report
Jan 7th, 2025
Headspace Enhances Mental Health Offerings with Innovative Features

Headspace, a mental health and wellness platform, has announced a series of transformative updates aimed at enhancing the member experience and improving mental health outcomes.

Barbara Watkinson
Dec 8th, 2024
Unlock the Power of Relaxation: How to Discover Your Comfort Zone

The colouring book industry has now collapsed, as Forbes deemed it "dead" in May and Headspace lay off 13 employees in June of last year.

PYMNTS
Dec 6th, 2024
Top Fitness Apps Of 2024: Features Elevate User Experience And Health Goals

Fitness apps continue to evolve as companies introduce features designed to enhance user experience, support personal health goals and create community engagement. The best fitness apps offer a range of features designed to improve the workout experience, from tracking progress and setting goals to providing personalized workout plans and recovery tips. They simplify fitness routines by offering convenient tools that help users stay motivated, optimize their training and achieve their health goals. For a closer look, here’s the latest PYMNTS Provider Ranking of Fitness Apps. Check out which fitness apps made our Top 10 list

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