Headspace and Ginger merge to expand and scale up digital mental health

Headspace and Ginger are merging to form Headspace Health (TechCrunch): Meditation app Headspace this morning announced plans to merge with on-demand mental health service Ginger. Barring unforeseen regulatory roadblocks, the two companies will combine to form Headspace Health. The new organization would sport a combined value of $3 billion and a headcount of more than 800. The merger comes during accelerated usage of both parties, as a seemingly endless pandemic has put a strain on mental health across the globe and many have turned to virtual solutions to address the growing problem. … Ginger announced a $50 million Series D roughly one year ago and a $100 million Series E this March, bringing its total funding north of $220 million. Headspace, meanwhile, has raised $216 million, courtesy of last year’s $100.7 million Series C. Headspace is one of the top global meditation apps, along with chief competitor, Calm. The new company would find it pushing well beyond its current mindfulness focus to, “provide the full spectrum of proven, effective virtual support – from mindfulness and meditation, to text-based behavioral health coaching, to video-based therapy and psychiatry – for all types of patient populations.” The Announcement: Ginger and Headspace Will Merge to Meet Escalating Global Demand for Mental Health Support (press release): Headspace, a global leader in mindfulness and meditation, and Ginger, a leader in on-demand mental healthcare, today announc...
Source: SharpBrains - Category: Neuroscience Authors: Tags: Brain/ Mental Health Technology & Innovation Behavioral Health Calm Ginger Headspace Headspace Health meditation app mindfulness neurotechnologies on-demand mental healthcare psychiatry therapy Source Type: blogs