Fenwick & West represented Calm.com, Inc., developer of a meditation, sleep and relaxation app, in its $88 million Series B financing. TPG Growth led the round, with participation from Creative Artists Agency and existing investors Insight Venture Partners and Sound Ventures.
With the new round of funding, Calm plans to expand its services into more languages internationally, grow its team and create more content such as Sleep Stories, meditations, music and Calm Masterclasses. The investment values Calm at $1 billion, allowing the company to reach unicorn status. More information about Calm’s $88 million Series B financing can be obtained from the company announcement.
The Fenwick transaction team included corporate lawyers Michael Esquivel, Andrew Harper, Alejandro Almodovar and Kate Bridge; licensing lawyers Stefano Quintini and Diana Lock; tax lawyer William Skinner; privacy lawyers Jim Koenig and Kenia Rincon; and open source lawyer Michael Riskin.