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Serena Williams Invests $5M in Selena Gomez’s Wondermind

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Serena Williams’ venture capital firm has spearheaded a $5 million funding round in the mental health sector. According to Bloomberg, Serena Ventures took the lead in an early-stage investment for Wondermind, a multimedia company founded by Selena Gomez, Mandy Teefey, and Daniella Pierson, with a strong focus on prioritizing mental health.

Notable investors joining the round included Lightspeed Venture Partners, Sequoia Capital, and Brent Saunders, former CEO of Allergan. With a reported valuation of $100 million, Wondermind aims to globally democratize and destigmatize mental health through daily editorial content, insightful entertainment, and practical tools, as per a press release.

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