The Briefing: HeadSpin Co-Founder Charged, Headspace Merges …

U.S. authorities charged the co-founder and former CEO of HeadSpinwith defrauding investors out of as much as $80 million by overstating the financial numbers of the Palo Alto, California-based startup. The U.S. Department of Justice arrested Manish Lachwani on charges of securities fraud and wire fraud related to … See more

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The Briefing: HeadSpin Co-Founder Charged, Headspace Merges …

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HeadSpin Co-founder Faces Charges In Alleged US$80M Fraud

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Briefing HeadSpin co-founder faces charges in alleged US$80M fraud. By Aleksandra Sagan. Aug 26, 2021. A A. A Small A Medium A Large. Share Share. Manish Lachwani, who served as …

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Ex-CEO Of Silicon Valley Mobile App Startup HeadSpin Charged …

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Aug 25, 2021 · U.S. authorities on Wednesday charged a co-founder and former chief executive of HeadSpin with defrauding investors out of as much as $80 million by overstating the Silicon …

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Ginger And Headspace Finalize Merger, Creating $3B Behavioral …

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Oct 14, 2021 · With its $3 billion valuation, Headspace Health is one of a few pure play behavioral health providers to have reached unicorn status by crossing the billion-dollar threshold. Prior to …

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Headspace, Ginger Finalize Merger To Form $3B Mental Health …

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Oct 14, 2021 · Headspace, Ginger finalize merger to form $3B mental health company. By Heather Landi Oct 14, 2021 8:00am. Behavioral Health Digital health Employer health mergers …

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Latham Preps Headspace's $3 Bln Merger With Mental Health App …

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Aug 25, 2021 · David W. Warby. Follow. (Reuters) - Latham & Watkins is guiding meditation and sleep app Headspace’s $3 billion merger with virtual therapy services company Ginger. The …

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Ginger And Headspace Plan Merger To Rapidly Scale Up Digital …

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Aug 25, 2021 · Ginger and Headspace entered into a definitive agreement to merge to create Headspace Health in a deal that values the combined company at $3 billion. ... co-founder and …

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A Year After $3B Mega Merger, Headspace And Ginger Roll Out …

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Nov 18, 2022 · Headspace Health is rolling out a unified enterprise mental health and well-being offering to members. The rollout comes roughly a year after the digital mental health …

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FAQs about The Briefing: HeadSpin Co-Founder Charged, Headspace Merges … Coupon?

Did Headspin co-founder defraud investors out of $80 million?

REUTERS/Andrew Kelly Purchase Licensing Rights Aug 25 (Reuters) - U.S. authorities on Wednesday charged a co-founder and former chief executive of HeadSpin with defrauding investors out of as much as $80 million by overstating the Silicon Valley startup's revenue and other key financial metrics. ...

Who started Headspin?

Mr. Lachwani started HeadSpin in 2015 in Palo Alto, Calif., after selling his previous company, Appurify, to Google. Businesses use HeadSpin’s technology to test and monitor their apps across various geographies and devices. The start-up quickly attracted money from investors including SV Angel, Felicis and GV. There were soon red flags. ...

How did partner one know about Headspin?

Partner One only came to know of HeadSpin recently as part of the sale process of the company, and this was many years after the former CEO’s actions. Our focus on the due diligence was to ensure that there were no remnants of the former CEO’s actions which are now many years into the past. ...

Did partnerone buy headspin in a fire sale?

Canadian private equity firm PartnerOne has acquired HeadSpin in a fire sale, TechCrunch has learned exclusively. And most of its former employees received nothing for their options, according to multiple sources. HeadSpin is the mobile app testing company whose founder was sentenced to prison for fraud earlier this year. ...

What happened to headspin?

In an email sent to employees, the company shared that HeadSpin had a new home with a PE firm, calling it “great news.” Then 10 minutes later, according to a document viewed by TechCrunch, workers got an email that all of their options, vested and unvested, were canceled because the options were “underwater.” ...

How much money did Headspin raise?

The complaint alleges that from its 2015 inception until about March 2020, Headspin raised millions of dollars from investors during four major rounds of financing. At its inception, Headspin raised approximately $11 million through the sale of Series A preferred shares. ...