The initial spark that showed Calm co-founders Alex Tew and Michael Acton Smith there was a market for meditation was rather simple. Tew, who had become a minor internet celebrity for the Million Dollar Homepage, built a website in 2011 called donothingfor2minutes.com, in which a user would stare at a screen and listen to waves on a beach for two minutes without touching their mouse.
At the end of two minutes, an email prompt would appear asking people to sign up. In two weeks, over 100,000 people did. A few months later Calm.com was founded, with the intention of building on Tew’s website success.
Calm has always offered introductory lessons for free, followed by a monthly subscription for access to the entire archive.
Even with a small staff size, Calm struggled in the early years to break even. In an interview with Entrepreneur, Smith said the company was down to “a few thousands dollars” and had to reduce staff to keep the business afloat. It wasn’t until 2018 that meditation apps started making money.
Calm and Headspace, the leaders of the sector, only generated less than $80 million in 2017, but that ballooned 74 percent in 2018 to $140 million. The entire industry grew by 306 percent in that time, according to Sensor Tower, with five thousand new meditation apps launching since 2015.
As Calm grew, so did its ambitions. In 2017, it won Apple’s App of the Year award, which propelled it ahead of its rival Headspace in downloads and revenue. It added Sleep Stories, which has become the app’s most popular segment, reaching 140 million listens in 2018.
Calm has used Sleep Stories as a platform to draw in dozens of celebrities, such as LeBron James, Stephen Fry, Harry Styles and Matthew McConaughey, who narrate original stories or fiction. Calm also has archival recordings of Bob Ross available, alongside thousands of other narrated stories.
Following in the footsteps of Headspace, Calm also launched workplace services. It acquired Ripple Health Group in 2021, and relaunched its Calm for Business app as Calm Health, which is marketed to commercial customers.
Calm has also expanded to other languages, publishing stories in Spanish, French and German. It’s not clear how successful these pursuits have been, as the US still accounts for around 60 percent of the entire meditation app market.
We have collected data and statistics on Calm. Read on below to find out more. Explore further with our in-depth health & fitness app report.
Calm Key Statistics
- Calm made an estimated $300 million in 2023, a 15% decrease on the year prior
- Approximately 4.5 million users subscribe to Calm
- The app was valued at $2 billion in its latest funding round
- Over 100 million people have downloaded Calm
Health & Fitness App Report 2024
Want to learn more about the health & fitness app industry? In our Health & Fitness App report, we cover financials, usage, downloads, and demographics by age and gender, alongside market share, engagement, and benchmarks.
Calm Overview
| Title 1 | Title 2 |
|---|---|
| Launch date | 5 April 2012 |
| HQ | San Francisco, California |
| People | Michael Acton Smith (co-CEO), Alex Tew (co-CEO), Tamara Levitt (Head of Mindfulness) |
| Business type | Private |
| Industry | Meditation and wellness |
Calm Revenue
Calm made an estimated $300 million revenue in 2023, a 15% decrease on the previous year.
Calm annual revenue 2015 to 2023 ($mm)
| Year | Revenue ($mm) |
|---|---|
| 2015 | 2 |
| 2016 | 7 |
| 2017 | 37 |
| 2018 | 80 |
| 2019 | 150 |
| 2020 | 200 |
| 2021 | 330 |
| 2022 | 355 |
| 2023 | 300 |
Note: 2021-2023 are estimated. Sources: Calm, Entrepreneur, CNBC
Calm Subscribers
Calm had an estimated 4.5 million subscribers in 2023, 500,000 less than in 2022.
Calm annual subscribers 2017 to 2023 (mm)
| Year | Subscribers (mm) |
|---|---|
| 2017 | 0.75 |
| 2018 | 1 |
| 2019 | 2 |
| 2020 | 4 |
| 2021 | 4.8 |
| 2022 | 5 |
| 2023 | 4.5 |
Sources: Company data, TechCrunch
Calm Downloads
The Calm app has been downloaded 130 million times since launch.
Calm cumulative downloads 2017 to 2023 (mm)
| Year | Downloads (mm) |
|---|---|
| 2016 | 5 |
| 2017 | 14 |
| 2018 | 33 |
| 2019 | 57 |
| 2020 | 89 |
| 2021 | 110 |
| 2022 | 124 |
| 2023 | 133 |
Source: AppMagic
Calm Valuation
Calm was valued at $2 billion in its latest funding round in 2020.
Calm valuation 2018 to 2020 ($bn)
| Year | Valuation ($bn) |
|---|---|
| 2018 | 0.25 |
| 2019 | 1 |
| 2020 | 2 |
Sources: Company data, TechCrunch
Calm Funding
Calm has received $218 million in funding, with the majority of it coming in its latest funding round.
Calm cumulative funding 2014 to 2020 ($mm)
| Year | Funding ($mm) |
|---|---|
| 2014 | 1 |
| 2018 | 28 |
| 2019 | 143 |
| 2020 | 218 |
Source: Crunchbase
Calm vs Headspace: Revenue
Calm has held a lead on Headspace in revenue over the six years, ever since Calm was rated app of the year by Google.
Calm and Headspace revenue 2016 to 2023 ($mm)
Want to learn more about wellness apps? Check out our Health & Fitness App Report
Calm FAQ
What country is Calm most popular?
Over 60 percent of web traffic came from the US, the UK came second with 10 percent (SimilarWeb)
How many Calm users subscribe to the app?
Over four million users subscribe to Calm. According to co-CEO Michael Acton Smith, one third who subscribe do so on the first day (Mixergy)
What is the median age of a Calm user?
According to Ivey Business Review, the median age is between 30 and 35
What is the age demographics of Calm?
60 percent of Calm users are female (TechCrunch)
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