Wondermind, a mental health start-up co-founded by Selena Gomez, Mandy Teefey, and Daniella Pierson, has successfully reached $100 Million Valuation. The start-up aims to focus on the importance of maintaining good mental health and fighting the stigma surrounding the topic.
Funding For Wondermind
Serena Williams’ VC firm, Serena Ventures, led the funding at the $5 million early-stage round. Williams, retiring from professional tennis to focus on more important pursuits to her, is someone who has also previously been vocal about mental health issues. The company, intends “to create a world where caring for your mental health is democratized and destigmatized” and has successfully creating a community for people who wish to talk about mental health. Other than Serena Ventures, Sequoia Capital and Lightspeed Venture were participating investors of Wondermind.
The capital will allow Wondermind to continue to create content that will help their members maintain their mental health. From podcasts to newsletters, the start-up provides content to promote mental fitness.
What is Wondermind?
While physical fitness is an important part of the lives of many, mental fitness is still a crucial aspect that many people overlook. Wondermind gives mental health priority and provides a platform in which there is “no judgment. Just progress”. With their podcast on the way, things are getting exciting at Wondermind.
Wondermind, by providing tangible tools to better one’s mental fitness, is design a space where people can discuss and understand their feelings!
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