Previously today, Bloomberg reported that meditation app Calm is checking out raising $150 million more at an assessment of around $2.2 billion, more than double its last private cost. This need to not shock.

Calm has raised capital at high costs before, including its 2018 Series A which valued the startup at more than a quarter billion dollars. Its 2019 Series B made Calm a unicorn. And the area that Calm plays in has actually been hot for years, so to see the company draw in new capital at a greater cost feels downright pedestrian.

The Exchange explores startups, markets and money. Read it every morning on Extra Crunch, or get The Exchange newsletter every Saturday.

Sure, $ 2.2 billion for an app If your head is still suck in 2009, business might sound ridiculous. In 2020, the app shops of the world are not simply economic engines that aging monopolies are desperate to maintain past their sell-by date, they are geopolitical footballs.

Back to Calm: Let’s rewind the clock a minute and evaluation data from 2018, 2019 and 2020 about the meditation app, its more comprehensive classification’s venture capital results through Q3 2020 and how the startup and its rivals have actually marched forward in terms of consumer and endeavor interest.

Relax for more Headspace

At the time of its Series B, TechCrunch reported that Calm had “topped 40 million downloads worldwide, with more than one million paying customers” which it had “quadrupled its income in 2018– the business is now rewarding– and is on track to do $150 million in yearly earnings.” The company revealed its Series B in February 2019, making the 2018 result significant at the time.

Ever since, data has actually continued to respect the meditation sector, where Calm and its rival Headspace— which has its own history of fast development– have typically led the pack.

Turning to 2019 from Calm’s 2018 information, the top 10 grossing meditation apps saw incomes of $195 million, up some 52% from 2018 results. Still, in 2018 these apps earned $128 million, hardly a small amount– even with intermediaries Apple and Google taking a huge tax for their hard, and absolutely defensible work.

The downloads and resulting revenue were not missed by VCs this year.

As TechCrunch reported in August, while wellness start-ups didn’t stand out as a group in the very first half of 2020 in VC terms, inside of the category, mental health-focused apps did rather well. According to CB Insights information at the time, “in Q1 and Q2 2020 [mental health] startups saw 106 rounds worth $1.08 billion. In the year-ago period, the figures were 87 rounds worth $750 million,” we wrote.

That’s a healthy step up in endeavor interest in a single year.

Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.