Headspace
Headspace is a digital mental health company providing mental wellness support through meditation, mindfulness, coaching and licensed clinical care. It was formed by the August 2021 merger of Headspace (founded 2010) and Ginger (founded 2011), and serves consumers, employers and health plans - more than 20,000 companies and about 100 million people across 200 countries - through a network of over 15,000 coaches, therapists and psychiatrists. Its parent company, OrangeDot, Inc., agreed in September 2026 to be acquired by AI health company Sword in an all-cash deal reported at up to roughly $300 million.
Acquired
Headspace has been acquired
This company is no longer available on our private secondary market.
Overview
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2010
Employees
1,001–5,000
Total Funding
$649.05M
17 rounds
Latest Valuation
$3B
Oct 14, 2021
Secondary Signals (Note: SetterVC does not verify the accuracy of these)
4 signalsSword Health to acquire Headspace for undisclosed cash payment per filing; deal effective Sept. 14, 2026
Cash exit at undisclosed price; secondary holders' liquidity depends on terms
Cigna partnership reaches 7M members starting Jan 1, 2026; major distribution win.
Large enterprise distribution materially improves revenue visibility; supports secondary valuation.
PitchBook / industry analysts flagged Headspace and Spring Health as 2026 behavioral-health IPO candidates.
IPO speculation could lift secondary bids in next 12-18 months if B2B2C market opens.
Headspace cut another ~25-30% of coaching team to part-time in June 2025; follows Nov 2024 13% workforce cut.
Cost actions plus therapist network shift to contractors compresses opex; mixed signal for valuation.
Funding
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Total raised $649.05M across 17 rounds
Last updated 10-09-2026
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| Jul 26, 2023 | Senior Secured Debt Press release | $105M | $5.2B | Oxford Finance LLC |
| Oct 14, 2021 | Merger of Equals TechCrunch | $80M | $3B | N/A |
| Mar 24, 2021 | Series E (Ginger pre-merger) Bloomberg | $100M | $1.1B | Blackstone Growth |
Valuation Trajectory
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Entry · Seed (Headspace pre-merger)
$1.2B
Jan 2011
Headspace today
$5.2B
Jul 2023 · latest mark
Headspace multiple
4.3x
valuation uplift since first round
Y-axis is logarithmic. Hollow dots = estimated valuations. Does not represent realized investor returns.
Prominent Investors
Leadership
Competitors
Competitor list is illustrative and may be incomplete, stale, or erroneous.
Calm
Meditation and sleep app with 500+ Sleep Stories and focus on sleep quality improvement
Insight Timer
Emotional health and sleep platform with 300,000+ free resources in 50 languages
Ten Percent Happier (Happier)
Secular meditation platform co-founded by Dan Harris, rebranded to Happier in September 2024
Breethe
Mindfulness and mental health platform offering meditation and wellness resources
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