Michael Acton Smith, Co-founder & Co-CEO, Calm. Photo by Seb Daly/Web Summit via Sportsfile, licensed under Creative Commons

Calm, the popular meditation and sleep app, is considering raising a new funding round that could double its current private valuation, according to a report [paywall] from Bloomberg. San Francisco-based Calm has discussed raising about $150 million in fresh funding at a $2.2 billion valuation and could hold a secondary round for some early investors to trim their stakes, reports Bloomberg. Calm as a company last raised funding in July of last year, closing a $115 million Series B that was led by investment firm TPG.

Since its founding in 2012, Calm has raised a total of $143 million in outside funding. The company’s backers include notable names like TPG, Lightspeed Venture Partners, Sound Ventures, Insight Partners, and the Creative Artists Agency (CAA). 

As of December last year, Calm reported having 60 million+ total app downloads. It’s overall one of the most used apps for sleep, meditation and relaxation globally, boasting of a mission of “to make the world happier and healthier.”

Calm, founded by the duo of Alex Tew and Michael Acton Smith, was valued at $1 billion+ from its most recent financing round. 

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