Minority Health Focused Startup Mae Closes Oversubscribed Seed Funding Round to Reduce Maternal Health Disparities [Yahoo! Finance]
Eli Lilly and Company (LLY)
Last eli lilly and company earnings: 4/23 06:25 am
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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. 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 throu
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LLY
Earnings
- 4/30/24 - Beat
LLY
Sec Filings
- 5/9/24 - Form 8-K
- 5/3/24 - Form SD
- 4/30/24 - Form 10-Q
- LLY's page on the SEC website