Talent agency William Morris Endeavor has participated in a $34m funding round for US-based meditation app provider Headspace, according to The Wrap.
Chernin Group led the round, which also featured Advancit Capital, Allen & Company, Breyer Capital, Broadway Video Ventures, Deerfield Management, Freelands Ventures and assorted angel investors such as Jeff Weiner, chief executive of professional networking platform LinkedIn.
Headspace operates a mental health platform that offers users training exercises on mindfulness and meditation, lasting between two minutes and an hour.
The company will use the money to produce more exercise, further develop its app, attract more users and hire more staff at its US headquarters and its UK office.
Headspace previously obtained a total of $5.4m in equity funding and debt financing, according to regulatory filings.
Andy Puddicombe, co-founder of Headspace, said: “We are thrilled to have the opportunity to deliver on this exciting mission. As a team we are deeply passionate about transforming the culture of mind health toward that of prevention.
“We believe this funding round will allow us to accelerate efforts to help people be healthier and happier, by making authentic, engaging, and practical tools accessible to everyone.”