Singer and actress Selena Gomez’s mental health startup, Wondermind, has received a valuation of $100 million, according to an Aug. 11 report in Bloomberg.
Wondermind promotes mental fitness and gives users routines to stay mentally fit. The mental health startup market has taken off in recent years, with funding for mental health startups reaching $5.5 billion in 2021, according to Bloomberg.
Tennis star Serena Williams' venture fund led the early-stage funding round for Wondermind. Ms. Gomez will be focused on marketing and the creative direction of Wondermind.