Funding News NYC

Mae Health Receives Seed Funding

BROOKLYN — Mae Health Inc, has closed a seed funding round, led by Jumpstart Nova, to scale its tech-enabled services offering to drive improvements in Black maternal health outcomes. Mae’s round also included participation from new investors including the Astia Fund, Impact Engine, Joyance Partners, and Gratitude Railroad, and early investors RH Capital, Avestria Ventures, Bright Ventures, and the Social Starts Health & Happiness Fund. The amount of funding was not disclosed.

Black Americans face a maternal mortality rate more than two and half times higher than other demographic groups. The U.S. has also seen an alarming increase in maternity care deserts, with an estimated 16% of Black babies born in areas with limited or no access to maternity care services. Mae’s oversubscribed seed raise, enabling the company to scale while combating these disparities, comes at a critical time as the country continues to face rising maternal and infant mortality rates.

Mae combines a digital engagement and risk-tracking platform with community-based doula support to better align provider support teams and center the pregnant person throughout the perinatal journey, all with the goal of reducing disparate maternal health outcomes, including preterm births and non-medically necessary C-sections.

Mae is already making an impact:

  • Supporting beneficiaries in six states across many of the largest Medicaid insurance plans
  • Achieving a 30% reduction in C-section rates and a 30% reduction in preterm birth rates (compared to the National averages for Black women)
  • Forging meaningful partnerships to support capacity building and sustainability for birth workers of color

“Since our founding, our goal at Mae has been to create more seamless pathways for established, impactful clinical interventions to reach more birthing people of color, and we’re thrilled by the progress we’ve made in our earliest years. We are grateful for the partnership of Jumpstart Nova and our growing community of investors in believing deeply in this mission, and working collaboratively with us to drive towards improvements in maternal health equity,” says Mae’s founder and CEO, Maya Hardigan.

Notably, Mae has prioritized Medicaid partnerships, as Medicaid covers nearly half of all births and upwards of 65% of Black births nationally. Mae partners with states and Managed Care Organizations to deploy innovative maternal health initiatives and newly established regulatory changes, including providing support and coverage through 12 months postpartum and promoting fully covered doula benefits to individuals covered under Medicaid.

“Venture capital has an outsized influence on which healthcare ideas and problems are perceived as worth funding and will make money. Saving Black mothers is worth funding and investing in Mae will generate significant returns. Despite over $50 billion USD invested in the U.S. pregnancy care market, total morbidity costs for all U.S. births are estimated to be $32 billion USD and many of these costs are avoidable. We are failing our mothers. Mae has created a culturally competent care model fit for diverse patient populations, a growing population that represents nearly half of the births in the U.S.”
Kathryne Cooper, Partner, Jumpstart Nova

Mae is equally committed to increasing the overall doula provider workforce and works to support doulas interested in Medicaid participation through registrations and ongoing administrative support in serving Medicaid beneficiaries. Doulas are a critical support in advocating for birthing people and improving pregnancy experiences and outcomes.