Davis Polk advised Calm.com, Inc. in connection with its investment in preferred stock of XpresSpa Group, Inc. Concurrent with the investment, Calm entered into a collaboration agreement with XpresSpa, pursuant to which Calm will offer its flagship products – digital app subscriptions, Sleep Mist and the Calm Book – at 52 XpresSpa locations in major airport hubs across the country, such as Atlanta, Chicago, Los Angeles, Miami and New York.
Headquartered in San Francisco, Calm is a meditation, sleep and mental wellness app and is also expanding offline to provide related products. It is the number one app for meditation and sleep, with over 35 million downloads to date. XpresSpa is a health and wellness holding company, and its assets include the world’s largest airport spa company, with 57 locations in 23 airports globally.
The Davis Polk corporate team included partner Alan F. Denenberg and associates Donald K. Lang and Ali DeGolia. Partner Pritesh P. Shah and associate Michael V. Policastro provided intellectual property and technology advice. Members of the Davis Polk team are based in the Northern California and New York offices.