# Commonwealth Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/commonwealth-labs

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.commonwealth.im
- Total disclosed funding: $2M
- Latest round: Seed (Mar 20, 2019)
- Investors on record: 2

## About

Commonwealth Labs, Inc. is focused on providing wellness-oriented products that promote mental and emotional well-being, including mindfulness applications and physical wellness items for individuals and organizations.Founded in 2018 and headquartered in San Francisco, US, Commonwealth Labs, Inc. specializes in mental wellness solutions. The company has successfully raised USD 20.00 mn in funding across four deals, with its most recent deal occurring on May 25, 2022, led by Double Jump Capital and featuring participation from Mirana Ventures, Polychain Capital, Spark Capital, and Wintermute Trading Ltd. The founders of the company are Dillon Chen, Gabie Tanjutco, Joshua Co, and Raymond Z, with Dillon Chen serving as the CEO.Commonwealth Labs, Inc. provides a range of wellness-focused products designed to enhance mental and emotional well-being. This includes mindfulness applications and physical wellness items that encourage calmness and self-restraint. Their primary customers consist of health-conscious individuals, corporate clients, and educational institutions, with products distributed in North America, Europe, and parts of Asia.The company's revenue model combines subscription services with direct-to-consumer sales, enabling clients to access wellness platforms through monthly or annual subscriptions. The offerings include guided meditation and personalized wellness tracking, alongside flagship products available for retail purchase. This strategy addresses the increasing demand for mental wellness solutions among both individual customers and corporate partners.In May 2022, Commonwealth Labs, Inc. secured USD 20.00 mn in funding with plans to leverage these resources to enhance the functionality of its platform and implement decentralization initiatives. The company is actively working on launching new products aimed at expanding its offerings and is targeting further market expansion into additional regions, although specific new markets have not been disclosed.

## Funding rounds

- Seed, Mar 20, 2019, $2M — Canaan Partners, 1Confirmation

## Investors

- Canaan Partners (https://capitalatlas.ai/funds/canaan-partners) — Seed
- 1Confirmation (https://capitalatlas.ai/funds/1confirmation) — Seed