Turkish-German meditation startup Meditopia raises $15 million to offer personalized mindfulness services

Turkish-German meditation startup Meditopia raises $15 million to offer personalized mindfulness services

Meditopia, a Turkish-German startup that offers personalized mindfulness services to people across the world, has raised $15 million in a Series A co-led by European early-stage VC Creandum which was an early backer of Spotify, and Highland Europe, a Geneva-headquartered European growth investor.

Founded in 2015 by Berk Yilmaz, Fatih Celebi, & Ali Murat in Turkey, the startup that now has dual headquarters in Istanbul and Berlin has built a mental coach platform that offers guided meditations to users in 75 markets. The meditations are available in the form of programs spread across different (pre-recorded) sessions and quick two-twelve minute standalone sessions.

Some of the content on Meditopia's platform (that is available as an Android and iOS app) is available for free while for the rest, the users have to buy a subscription that costs about $50 per year. The platform also offers users a one-week free trial of its premium subscription.

It claims to have coached over 14 million members since its launch in 2017. For cotext, Calm, the leading player in the mental health space for English speaking audience that became a unicorn last year after raising $88 million Series B until last year had 40 million downloads of its iOS