Deal of the Week: Family capital backs meditation platform

A group of investors, including family offices, have ploughed close to $50 million into a Santa Monica-based meditation training platform. 

Shari Redstone-backed venture group Advancit Capital and Edgar Bronfman’s Waverley Capital are among a group of six investors committing $47.6 million in a Series C round for Headspace. 

Headspace, which describes itself as a digital health platform that provides guided meditation sessions and mindfulness training, has attracted more than $200 million in funding since it was founded ten years ago. 

Other backers in the latest round include Blisce, the family office of French/US entrepreneur Alexandre Mars, together with The Chernin Group, which represents the investment interests of US entrepreneur Peter Chernin. Both groups had backed Headspace in early rounds. 

Other principal investment offices have backed Headspace in early rounds, including Elisabeth Murdoch’s London-based Freelands Ventures, and Jim Breyer’s Breyer Capital. Headspace has also attracted celebrity investors – with Jessica Alba and Jared Leto backing the group five years ago.