Headspace is a digital mental health company that offers meditation and mindfulness services along with on-demand coaching, therapy and psychiatry services. Recognizing the importance of quality sleep for overall well-being, the company developed a range of sleep-specific content, including guided wind-down exercises, relaxing soundscapes, and bedtime stories. These resources aim to help users unwind, relax, and improve their sleep patterns.
Headspace has secured $105 million in debt financing from a specialty finance firm Oxford Finance. The fresh funding will be used to expand Headspace business with employers and health plans. The funding will accelerate the growth of the company’s mental health platform.
Headspace, California, United States, was founded in 2010 by Andy Puddicombe and Rich Pierson. The company’s mission is to improve the health and happiness of the world by providing mindfulness and meditation tools that are easily accessible to everyone. Currently, Headspace works with more more than 4,000 employers across 200 countries and also works with an ecosystem of health plans and partners.