Once considered taboo, talking about mental health it has become an important part of our lives and an area of focus for many companies and entrepreneurs.
wonderfull mind
That’s why wonderfull minda mental health startup that aims to make talking about mental health mainstream, is gaining a lot of traction. The company, which was co-founded by Mandy Teefey, Daniella Pierson and Selena Gomez, announced a $5 million Series A on Friday. money round, putting the company at a staggering $100 million valuation.
“We are very excited to announce this funding round and so grateful to our amazing investors for believing in our vision to democratize and destigmatize mental health globally,” said Wondermind co-founders Mandy Teefey, Daniella Pierson and Selena Gomez. Entrepreneur in an email. “This funding will be used to accelerate the building of the Wondermind mind conditioning ecosystem through our daily online content, CPG products, and original storytelling for all platforms, with the ultimate goal of making mind conditioning exciting and accessible to everyone.” everybody”.
Financing was provided by Serena Ventures, the venture capital firm started by the entrepreneur and tennis legend Serena Williams.
“As a company that values inclusion, it was incredibly important to us to receive funding from mission-driven, inclusive companies, and that’s exactly what Serena Ventures stands for. We also love Serena’s passion and drive to improve the healthcare space.” mentally and are confident that she and her team will help us win,” said the Wondermind team.
The founders also said the capital will allow Wondermind to continue producing accessible mental health content, including a podcast, a newsletter and eventually a product line with tools aimed at helping members stay in touch with their mental health.
The company also has its eyes on a production arm, which could open the door to more exclusive content in the form of movies and videos.
Wondermind launched in early 2022 with a newsletter that users receive three times a week, including everything from celebrity interviews to expert advice to mental health resources.
“I think media plus product equals ecosystem,” Pierson said. Entrepreneur in an interview last November. “And we have big brands that are already expressing interest in advertising and be our partners. We are excited to build a lucrative business. Because the best way to get society to pay attention to an issue is to make money from it. That’s how real moves are made.”
The company’s new valuation and funding will position it to become the largest multifaceted platform of its kind, the founders said.
.
