Mae Health Inc. has closed its overpriced Seed Funding round, raising more money to reduce maternal health disparities in Black communities in the U.S.
According to the company’s announcement on Tuesday, May 7, 2024, the funding round was led by Jumpstart Nova and included participation from new and initial investors.
The new investors included Impact Engine, Joyance Partners, Astia Fund, and Gratitude Railroad. Initial investors included Avestria Ventures, RH Capital, Bright Ventures, and the Social Starts Health & Happiness Fund.
Mae Health will use the seed funding to scale its tech-enabled healthcare services across black communities to improve Black maternal health outcomes by driving meaningful change for Black mothers, their communities, and the birth workers supporting them.
Mae Health’s Tech-backed Service Offering
Mae healthcare delivery platform combines digital engagement and risk-tracking platform with community-based doula support designed to align provider support teams better while keeping the pregnant person the center of focus throughout their perinatal journey.
This approach to maternal care aims to disparate maternal health outcomes such as non-medically necessary C-sections and preterm births. According to Mae, the platform has achieved a 30% reduction in both C-section rates and preterm birth rates compared to the national average rate for Black women.
Currently, the platform supports beneficiaries in six states across most of the most extensive Medicaid insurance plans.