Today, the five minute meditation app Simple Habit has announced that it has grabbed a $10 Million Series A round, led by Foundation Capital. The latest round brings the company’s total funding to nearly $12.5 Million to date, following a $2.5 Million seed round last year.
This shark tank alumni has been a pretty massive hit in the tech industry since the year 2016, which is a result of the CEO and co-founder Yunha Kim’s vision to build a “Spotify for Meditation.” The app graduated Y Combinator in April of 2017 and has made a large push since then to increase available content on its platform.
The startup has also received a ton of praise for its focus on helping users incorporate short meditation sessions into their busy lives. The app’s reception has been positive so far and according to the data provided to tech news/media website TechCrunch by SensorTower, Simple Habit was the third most popular meditation app in the iOS App Store for Q3 2018. The app trails behind Calm and Headspace in terms of both downloads and revenue.
(Bhavik Grover is a technology journalist. He has several years of experience working as a tech journalist for various reputed tech publications in the digital ecosystem. He also has industry knowledge of the current Silicon Valley tech culture. He is always ready to take up new reporting jobs in the technology field.)
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