Headspace

Is Headspace a publicly traded company?
No. Headspace is a privately held company. It has not announced plans for an initial public offering. The company was valued at $3 billion following its merger with Ginger in October 2021 and has raised approximately $351 million in total funding.

Who founded Headspace?
Headspace was founded in 2010 by Richard Pierson and Andy Puddicombe in London. Puddicombe is a former Buddhist monk who provided the meditation expertise and voice guidance. Pierson handled business operations and product development.

What happened in the Headspace and Ginger merger?
In October 2021, Headspace merged with Ginger, an on-demand mental health platform, to form Headspace Health. The merger valued the combined entity at $3 billion and combined Headspace's meditation and mindfulness content with Ginger's therapy, coaching, and psychiatry services.

How many users does Headspace have?
The Headspace app has been downloaded over 85 million times. The platform serves approximately 5.8 million users through over 4,500 organizations, including businesses and health plans. A new Cigna partnership adds 7 million additional covered lives through 18,000 employer health plans. Consumer paid subscribers declined to approximately 2 million in 2025.

What is Headspace's revenue?
Headspace generates over $200 million in revenue and is EBITDA profitable as of 2025. Consumer subscription revenue was estimated at approximately $140 million, declining from a peak of $235 million in 2022. Enterprise and health plan revenue is the fastest-growing segment.

Who is the CEO of Headspace?
Tom Pickett is CEO of Headspace, having joined in August 2023. He is leading a strategic pivot from consumer subscriptions to employer and health plan partnerships, launching the AI chatbot Ebb and scaling back full-time therapists to reduce costs.

What services does Headspace offer?
Headspace offers guided meditations, sleep content, mindfulness exercises, and AI-assisted support through the Ebb chatbot. Following the Ginger merger, it also provides text-based coaching, video therapy, and psychiatry services. The platform serves both individual consumers through subscriptions and organizations through enterprise partnerships.

Headspace was founded in 2010 by Richard Pierson and Andy Puddicombe in London. Puddicombe, a former Buddhist monk who spent 10 years training in monasteries across Asia, provided the meditation expertise and voice guidance that became central to the Headspace brand. Pierson, with a background in marketing and advertising, handled business operations and product development.

The company began by hosting live meditation events in London in 2009, where attendees received USB sticks containing meditation content. The Headspace mobile app launched in 2012, making guided meditations available on iOS and Android devices. The app quickly gained popularity, reaching millions of downloads within its first few years.

By 2017, Headspace had established offices in Los Angeles, San Francisco, and London. The company raised multiple funding rounds, including a Series B in 2017 and a Series C in June 2020, bringing total funding to approximately $351 million. Investors included Thrive Capital, Times Bridge, Advancit Capital, and others.

In 2018, Headspace launched Headspace Health, a subsidiary focused on clinical applications and FDA approval for digital health products. The company began clinical trials to validate the effectiveness of its meditation programs for medical use, positioning itself as an evidence-based digital health company rather than purely a wellness app.

The defining corporate event came in October 2021, when Headspace merged with Ginger, an on-demand mental health platform founded in 2011. Ginger specialized in partnering with companies and health plans to offer behavioral health coaching, therapy, and psychiatry. The merger valued the combined entity at $3 billion and created a platform spanning preventive meditation and clinical mental health care. The combined company served 100 million people across 190 countries at the time of the merger.

Following the merger, the company made several acquisitions. In January 2022, Headspace acquired Sayana, an AI-powered mental health app. In September 2022, the company acquired Shine, a mental health platform focused on inclusive wellness content for marginalized communities.

Tom Pickett became CEO in August 2023, succeeding the post-merger leadership team. Pickett has steered the company toward AI and enterprise deals, launching the Ebb chatbot and scaling back full-time therapists to reduce costs. The Cigna partnership in 2025 represents the company's largest enterprise deal, adding 7 million covered lives.