Headspace

Headspace

Digital health 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 Differentiation

Industries

Consumer Software

Healthcare

Company Size

1,001-5,000

Company Stage

Debt Financing

Total Funding

$320.6M

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 specialized programs aimed at managing sleep, stress, and anxiety. Users can access a limited selection of content for free, but a subscription to Headspace Plus unlocks the full range of services. This subscription model provides a steady revenue stream while ensuring users have comprehensive tools for mental health improvement. Headspace distinguishes itself from competitors by offering free access to its premium service for unemployed individuals, demonstrating a 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

  • Increased demand for digital mental health solutions expands Headspace's potential user base.
  • Collaborations with tech giants like Apple and Google offer new distribution channels.
  • Growing popularity of corporate wellness programs presents opportunities for B2B expansion.

What critics are saying

  • Increased competition from CVS Health's personalized healthcare app may draw users away.
  • Recent layoffs of 181 employees could impact innovation and service levels.
  • Cultural differences in the UK may challenge the expansion of Headspace's AI companion.

What makes Headspace unique

  • Headspace offers a unique blend of science-backed mindfulness techniques and approachable design.
  • The platform provides free premium access to unemployed individuals, supporting mental health inclusivity.
  • Headspace's subscription model ensures a steady revenue stream with comprehensive mental health tools.

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Funding

Total Funding

$320.6M

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

-1%

1 year growth

0%

2 year growth

-2%
T3
Apr 9th, 2025
Headspace finally launches its Ebb AI companion in the UK - here's how it works

Headspace has added its AI companion to the UK version of its app.

Gay Express
Apr 7th, 2025
Australian Opposition Leader Under Fire Over Alleged Pride Flag Removal at Mental Health Centre

Dutton's appearance at Headspace coincided with his announcement of a $6.2 million Coalition pledge to upgrade the Melton facility if elected.

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.

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