Mindful Meditation App Headspace Closes $105M Debt Facility

Mindful Meditation App Headspace Closes $105M Debt Facility HIT Consultant Media (Jasmine Pennic)

What You Should Know:

• Headspace, a digital healthcare company focused on mental health announced it has closed $105M in senior debt facility from Oxford Finance, a specialty finance firm providing senior debt to healthcare and life sciences companies worldwide.
• Proceeds from the financing will be used to further support the expansion of Headspace’s innovative mental health platform. Additionally, the investment will enable Headspace to be opportunistic in investing in areas where it sees market need.

Headspace Background

Through its flagship direct-to-consumer app, Headspace uses evidence-based tools to help people stress less, sleep soundly, develop healthy habits, and feel better. The company’s enterprise offerings combine this experience with a human-centered model of care, with coaching, therapy, psychiatry and EAP services under one roof. From large airlines and consulting firms to media companies and healthcare organizations, over 4,000 employers across 200 countries look to Headspace to support the mental health and wellbeing of their employees. The Company also works with an ecosystem of health plans and partners, ranging from small regional plans, to large plans like Cigna, as well as organizations like Accolade, Virgin Pulse and Sequoia.