Maternal well being startup Mahmee introduced Thursday it accomplished a $9.2 million Collection A fundraising spherical led by Goldman Sachs Asset Administration’s progress fairness enterprise.
Different contributors within the increase embody current traders Revolution’s Rise of the Relaxation Seed Fund, Muse Capital, Backstage Capital, the Helm and Pipeline Angels, in addition to new traders Episcopal Well being Basis of Texas, Third Tradition Capital, Black Pearl Funding Group, She Raises Capital and Mahmee medical advisor Dr. Lawrence Platt.
Based in 2016, Mahmee raised $3 million in seed funding in 2019.
WHAT IT DOES
Mahmee permits dad and mom to construct a care crew of various obstetric, pediatric and assist suppliers, together with doulas, lactation consultants, midwives, nurses and docs. If out there of their state, sufferers can select in-person appointments with their suppliers or go for digital care.
Throughout the startup’s app, care coordinators and Mahmee nurses can display screen for and monitor potential issues, refer sufferers to specialists, and assist customers navigate social providers. Mahmee additionally works with well being programs to supply its know-how platform, the place suppliers can conduct telehealth appointments, share information and knowledge with different care crew members, and handle their sufferers’ care plans.
The startup plans to make use of the funding from the Collection A to rent extra staff for Mahmee’s crew, broaden its supplier community, and add extra partnerships with payers and well being programs.
“The Mahmee Community proves that community-based care supply fashions have the best likelihood of guaranteeing entry to complete assist for brand spanking new and anticipating dad and mom,” cofounder and CEO Melissa Hanna stated in a press release.
“Black and Indigenous birthing people are represented in Mahmee’s inhabitants at 3 times the speed of the U.S. delivery census, and but Mahmee’s delivery outcomes are significantly better than the nationwide common, which demonstrates that the nation’s maternal healthcare disparities are solvable. This milestone funding permits us to broaden our crew and work with much more organizations to shut gaps in take care of moms and infants.”
MARKET SNAPSHOT
Maternal and reproductive well being startups introduced in $424 million in funding throughout the first quarter, whilst normal digital funding declined, according to a report by Rock Health.
One other firm within the area is obstetric care platform Babyscripts, which raised $12 million in Series B funding in September and added another $7.5 million to the spherical in November.
Cayaba Care launched with $3.2 million in seed funding in August final 12 months, whereas Mae, which focuses on being pregnant and postpartum assist for Black girls, launched with $1.3 million in seed funding in September.
Late final month, Ruth Well being, which provides digital pelvic ground bodily remedy, C-section restoration and lactation consulting, introduced it had raised $2.4 million.
