MeetMindful Receives $5.5 Million Investment

MeetMindful has raised $5.5 million from private financing.

The investment was revealed in a Form D filed with the SEC on June 25th.

The new funds will go towards work on their new app, as well as a larger workforce and the development of future products.

The app previously cost users $29 a month, but an updated version will have more free features available.

Founder Amy Baglan told BusinessDen: “We’re seeing an increased need for deep engagement past what used to be the standard ‘I see someone, I like them, and I want to send them a message.’

“People connect with one another about certain topics. If apps can facilitate that, then we’re providing people what they need to be successful.”

MeetMindful appeals to singles who enjoy yoga, clean-eating and other forms of self-love, and are looking for a partner who share the same values.

The company has raised $8 million since its inception in 2015 and has recently doubled its office space.

Baglan says that Evolve Ventures and Bridge Builders Collaborative were heavy investors.

Read more here.