Maternal well being startup Mahmee introduced Thursday it accomplished a $9.2 million Sequence A fundraising spherical led by Goldman Sachs Asset Administration’s development fairness enterprise.
Different individuals 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 scientific 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 help suppliers, together with doulas, lactation consultants, midwives, nurses and medical doctors. 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 methods to supply its expertise platform, the place suppliers can conduct telehealth appointments, share recordsdata and data with different care crew members, and handle their sufferers’ care plans.
The startup plans to make use of the funding from the Sequence A to rent extra employees for Mahmee’s crew, increase its supplier community, and add extra partnerships with payers and well being methods.
“The Mahmee Community proves that community-based care supply fashions have the best likelihood of making certain entry to complete help for brand spanking new and anticipating dad and mom,” cofounder and CEO Melissa Hanna mentioned in an announcement.
“Black and Indigenous birthing people are represented in Mahmee’s inhabitants at thrice the speed of the U.S. delivery census, and but Mahmee’s delivery outcomes are a lot better than the nationwide common, which demonstrates that the nation’s maternal healthcare disparities are solvable. This milestone funding permits us to increase our crew and work with much more organizations to shut gaps in look after moms and infants.”
MARKET SNAPSHOT
Maternal and reproductive well being startups introduced in $424 million in funding in the course of the first quarter, whilst common digital funding declined, in response to a report by Rock Well being.
One other firm within the area is obstetric care platform Babyscripts, which raised $12 million in Sequence B funding in September and added one other $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 help for Black girls, launched with $1.3 million in seed funding in September.
Late final month, Ruth Well being, which gives digital pelvic flooring bodily remedy, C-section restoration and lactation consulting, introduced it had raised $2.4 million.
