- Investors invested nearly $1.2mn on the strength of commitments the company then quietly failed to keep, and that they were kept in the dark rather than told the truth about where their money was going.
- The complaint, filed against the singer and her mother and co-founder Mandy Teefey, alleges securities fraud and breach of contract.
- The investors claim Gomez purported to sign a contract obligating her to perform and then ignored it, that touted partnerships did not exist, that promised initiatives never materialised, and that the app was never built.
- The plaintiffs say executives stayed silent for roughly three years while the company quietly collapsed, and that they only grasped how bad things were after a September 2025 story in The Cut lifted the lid.
- They are seeking the return of their money plus legal fees, a modest sum by Silicon Valley standards but a pointed one for a venture that leaned so heavily on the borrowed credibility of star power.
- Neither Gomez nor Wondermind has answered the claims; Wondermind did not respond to a request for comment from TechCrunch, and no statement from Gomez was provided, so the allegations remain one side of a dispute that will now play out in court.
Investors are suing Selena Gomez and her wellness startup Wondermind, claiming securities fraud and breach of contract. The complaint alleges that they invested nearly $1.2 million based on commitments that were never fulfilled, including the assertion that the app was never built.12367
The lawsuit, filed against Gomez and her mother, Mandy Teefey, states that the investors were kept in the dark about the company's financial mismanagement. They assert that Gomez “purported to sign a contract obligating her to perform and then ignored it”, and that promised partnerships “did not exist” while initiatives “never materialised”.
The plaintiffs claim that executives remained silent for approximately three years as the company “quietly collapsed”, only realizing the extent of the issues after a September 2025 article in The Cut revealed the situation. They are seeking the return of their investment plus legal fees, a modest sum by Silicon Valley standards but significant given the reliance on Gomez's celebrity.45
Neither Gomez nor Wondermind has responded to the allegations, leaving the claims unchallenged as the case moves forward in court.
“The investors, who put in nearly $1.2mn, say they were kept in the dark for about three years while the company quietly collapsed, only learning the truth after a September 2025 story in The Cut. Neither Gomez nor Wondermind has responded to the claims, leaving the allegations to play out in court.”
