Selena came to Instagram to officially announce that her mental fitness company “Wondermind” now being joined by tennis icon Serena Williams’s venture fund, “Serena Ventures”.
“A startup cofounded by pop star Selena Gomez, Wondermind, is raising funds at a valuation of $100 million as it looks to capitalize on a boom in the mindfulness trend. Tennis icon Serena Williams’s venture fund, Serena Ventures, led the $5 million early-stage round, which was joined by Lightspeed Venture Partners and Sequoia Capital. Brent Saunders, the former chief executive officer of pharmaceutical company Allergan, also took part.” – Bloomberg on Wondermind
“This is only the beginning for @officialwondermind and our mission to democratize and destigmatize mental health. Thank you to everyone who has been so supportive and I can’t wait for you all to see what’s coming next! 🖤” – Selena
“We are proud to announce our newest portfolio company, @officialwondermind. Together, are changing the way we approach and treat mental health! Drop a comment below to support!” – Serena Ventures