The Next Chapter: Announcing Simple Habit’s $10 Million Series A Round

We are thrilled to announce that Simple Habit has raised a $10 million Series A round led by Foundation Capital. This investment will help us grow our team, improve our product and expand our library of content and experts so that Simple Habit can further empower humans all over the world to live better every day.

How It All Began

Simple Habit was born from my personal struggle with stress. Back in 2014, I experienced a burnout while building my first startup. Like many of you reading this, my work stress was impacting my relationships, health, and overall well-being. I started meditating daily and it changed my life. Not only did it transform the way I respond to stress; I also discovered the idea for Simple Habit.

I started Simple Habit to make mental wellness more accessible and practical for busy people. Today, millions are using our product and we have over 37,000 five-star reviews raving about how Simple Habit has changed their lives. Since we graduated YCombinator last year, we’ve grown 10x, now generating over $5 million in annual recurring revenue.

Our mission? To help people live better, every day. Users from all over the world tell us about their stress and struggles.

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The Next Chapter

Our vision, as we embark on the next step of our journey, is to be the destination people trust for their mental well-being. Spotify is the destination for music, Netflix is the destination for movies. That’s what we want to be — for your daily mental wellbeing. Where else can you go in-the-moment when you receive bad news, feel lonely or need help managing family or work stress? The existing solutions fall short; they are not practical or accessible. Finding the right therapist is hard. And once you find the right therapist, it’s still hard to squeeze in an hour-long session on a busy day. Working with an executive coach can be too expensive for a lot of people. Self-help books are everywhere, but in today’s busy world, how often do you actually sit down and read one when you need immediate relief?

We can do better and we will do better. That’s why Simple Habit is expanding beyond meditation and inviting therapists and executive coaches to create bitesize audio content for our users. With this new investment, Simple Habit will improve personalization on our platform and expand our offerings. We will make it easier for you to quickly access a variety of amazing experts — who specialize in everything from grief counseling to anxiety management to leadership and parenting — right from your favorite device whenever you need it.

Today marks the beginning of a new era for our users, our team and myself. We’re ready to change the future of mental wellness for the better.

 — Yunha Kim, Founder & CEO of Simple Habit

We’re growing fast! Are you interested in our mission? We believe awesome companies are built by awesome people. People who want to make a difference in the world. Learn more about Simple Habit job opportunities on our website.

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