Denver news in your inbox

Catch up on the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Des Moines news in your inbox

Catch up on the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Minneapolis-St. Paul news in your inbox

Catch up on the most important stories affecting your hometown with Axios Minneapolis-St. Paul

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa-St. Petersburg news in your inbox

Catch up on the most important stories affecting your hometown with Axios Tampa-St. Petersburg

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Illustration: Aïda Amer/Axios

Meditation app maker Headspace has raised $53 million in new equity funding and another $40 million in debt.

Bottom line: Headpsace will use some of the proceeds to differentiate itself from rivals, via the development of a new product that will focus on mental health tools for patients with certain chronic diseases.

  • Blisce led the equity tranche, and was joined by Waverley Capital and Times Bridge.
  • Pacific Western Bank provided the debt, which Headspace raised to give it a bigger financial cushion (without additional dilution) as it works on Headspace Health, which may take a long time because of clinical research lifecycles.

Meditation app-makers continue to face questions about their effectiveness, particularly when used by employers as a substitute for addressing core causes of workplace stress.

But clearly there's a market appetite, as Headspace CEO Rich Pierson says the company's consumer business is profitable and that its enterprise business has doubled in revenue every year.

  • Its app has been downloaded more than 62 million times in 190 countries, and has more than 2 million paid subscribers, and 600 employers signed up.

The bottom line: “What we’re trying to do is ask people to spend time on our product,” says Pierson. “There are only so many minutes in the day where people are willing to give you their attention.”

Go deeper:

Go deeper

Updated 51 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: Large coronavirus outbreaks leading to high death rates — Coronavirus cases are at an all-time high ahead of Election Day.
  2. Politics: Top HHS spokesperson pitched coronavirus ad campaign as "helping the president" — Space Force's No. 2 general tests positive for coronavirus.
  3. World: Taiwan reaches a record 200 days with no local coronavirus cases.
  4. Sports: MLB to investigate Dodgers player who joined celebration after positive COVID test.
  5. 🎧Podcast: The vaccine race turns toward nationalism.

The norms around science and politics are cracking

Illustration: Aïda Amer/Axios

Crafting successful public health measures depends on the ability of top scientists to gather data and report their findings unrestricted to policymakers.

State of play: But concern has spiked among health experts and physicians over what they see as an assault on key science protections, particularly during a raging pandemic. And a move last week by President Trump, via an executive order, is triggering even more worries.

Ina Fried, author of Login
2 hours ago - Technology

Apple sets September quarter sales record despite later iPhone launch

Apple CEO Tim Cook, speaking at the Apple 12 launch event in October. Photo: Apple

Apple on Thursday reported quarterly sales and earnings that narrowly exceeded analysts estimates as the iPhone maker continued to see strong demand amid the COVID-19 pandemic.

What they's saying: The company said response to new products, including the iPhone 12 has been "tremendously positive" but did not give a specific forecast for the current quarter.