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Selena Gomez’s Mental Health Startup Gets $100 Million Valuation

Tennis icon Serena Williams’s venture firm led the $5 million funding round.

Selena Gomez

Selena Gomez

Photographer: Michael Tran/AFP/Getty Images
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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.