What investors say went wrong at Selena Gomez's mental health startup Wondermind
Selena Gomez launched the startup in 2021 alongside her mother, Mandy Teefey, and Daniella Pierson, a business partner.
Several investors in Selena Gomez's mental health startup, Wondermind, have filed a lawsuit accusing the company and its founders of fraud. Selena Gomez, Mandy Teefey, and Daniella Pierson co-founded the company in 2021. The lawsuit alleges that the founders misrepresented the company's infrastructure, leadership, partnerships, and revenue-generating initiatives to investors.
The plaintiffs, including Brent Saunders and Marc Roberts, invested over $1.2 million in Wondermind, believing the company had the necessary resources to become a profitable mental health and wellness platform. However, the investors claim that the app was never built, key partnerships never materialized, and revenue-generating initiatives never existed.
They also allege that the founders withheld crucial information about the company's financial and operational issues until September 2025, when The Cut published an article exposing management problems and alleged misappropriation of investor funds. The investors are seeking the return of their investments, damages, and legal fees.
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