Good morning, Broadsheet readers! New York Gov. Kathy Hochul signed a bill into law that paves the way for reparations, Vice President Kamala Harris will start a reproductive freedoms tour, and Selena Gomez's mom and Wondermind cofounder wants to bring "mental fitness" mainstream. Have a wonderful Wednesday.
- Mental fitness. Two years ago, singer and actress Selena Gomez announced she was launching a new mental health company, called Wondermind, with her mom, Mandy Teefey, and the Newsette founder Daniella Pierson. In mid-2022, Wondermind raised $5 million led by Serena Ventures, valuing the startup at $100 million.
This year, Teefey has led Wondermind's effort to raise additional funding (still in progress) and find its footing in the mental health space. (She serves as CEO and Gomez as chief impact officer; Pierson doesn't currently hold an executive title.) The category is a crowded one, with startups like Real and Alma; mental health was the fastest-growing category on Andreessen Horowitz's annual marketplace report earlier this year. But funding for mental health startups peaked at $5.5 billion in 2021 before dropping by about half in 2022.
