Pop star’s mental health startup valued at $100M

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

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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.

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