As soon as thought-about taboo, speaking about psychological well being has turn into an essential a part of our lives and an space of focus for a lot of corporations and entrepreneurs.
That is why Wondermind, a psychological well being startup that goals to make speaking about psychological well being mainstream, is gaining a lot traction. The corporate, which was co-founded by Mandy Teefey, Daniella Pierson, and Selena Gomez, introduced on Friday a $5 million Sequence A funding spherical, which places the corporate at a staggering $100 million valuation.
The funding was led by Serena Ventures, the VC agency began by entrepreneur and tennis legend Serena Williams.
“We’re so thrilled to announce this spherical of funding and really grateful to our unbelievable buyers for believing in our imaginative and prescient of democratizing and destigmatizing psychological well being globally,” Wondermind co-founders Mandy Teefey, Daniella Pierson, and Selena Gomez, informed Entrepreneur in an e mail. “This funding might be used to speed up the constructing of Wondermind’s psychological health ecosystem throughout our day by day on-line content material, CPG merchandise, and authentic storytelling for all platforms — with the last word objective of creating psychological health thrilling and accessible to all.”
The founders additionally mentioned that the capital will permit Wondermind to proceed to provide accessible psychological well being content material, together with a podcast, e-newsletter, and, finally, a product line with instruments meant to assist members keep in contact with their psychological well being.
The corporate additionally has its eyes on a manufacturing arm, which might open the door for extra unique content material within the type of movie and video.
Wondermind launched in early 2022 with a e-newsletter that customers obtain thrice per week, that includes all the pieces from movie star interviews to skilled recommendation to psychological well being sources.
“I consider that media plus product equals ecosystem,” Pierson informed Entrepreneur in an interview final November. “And now we have massive manufacturers already expressing curiosity in promoting and being companions of ours. We’re excited to construct a profitable enterprise. As a result of the easiest way to make sure that society pays consideration to a difficulty is to become profitable from it. That is how true actions are made.”
The corporate’s new valuation and funding will place it to turn into the largest multifaceted platform of its type, the founders mentioned.