SoftBank Capital NY has invested $3 million in Meditation.live, a US-based platform that provides wellness solutions including live and interactive meditation, according to an announcement.
SoftBank Capital NY is a technology investment firm founded by Japanese banking giant Softbank Group Corp.
Meditation.live’s platform offers live interactive sessions between users and coaches for meditation, yoga, walking, running and stretching. Its web application integrates with messaging platform Slack so employees can invite coworkers to meditation sessions.
“Our mission is to inspire 5 billion people to find their true purpose using meditation and mindful movements,” said D. Sharma, co-founder and CEO of Meditation.live.
The fund raised from SoftBank Capital NY will be used to scale meditation.live across thousands of businesses and millions of consumers, including adding support for language translation, more interactive classes, and more doctors, scientists, authors and teachers.
“The meditation.live business is quickly becoming a force in the industry to create an experience for consumers that they haven’t seen before,” said Jordan Levy, Managing Partner, SoftBank Capital NY.
In June, SoftBank Group’s Vision Fund led a $205-million investment in US-based Collective Health, which makes software for companies to pay workers’ health costs directly.
Among other investors in the latest funding round were DFJ Growth, PSP Investments, and G Squared, as well as returning investors Founders Fund, Alphabet Inc’s GV and Maverick Ventures.
The global corporate wellness market is projected to grow 69 per cent to $90.7 billion in 2026 compared to last year, Nikkei Asian Review cited a recent report published by Grand View Research, a market research and consulting company based in San Francisco.
SoftBank’s Vision Fund and Latam Fund had earlier invested in Brazilian fitness startup Gympass, which offers corporate employees monthly gym access across 14 countries.