Serena Williams, Mark Cuban invest in company working to end black maternal mortality
© Getty Images

Tennis champion Serena Williams and Dallas Mavericks owner Mark CubanMark CubanSerena Williams, Mark Cuban invest in company working to end black maternal mortality O'Rourke to headline OZY Fest in New York WHIP LIST: Who's in and out in the 2020 race MORE have both invested in Mahmee, a company working to end maternal mortality, which just ended a $3 million funding round.

“I am incredibly excited to invest and partner with Mahmee, a company that personifies my firm’s investment philosophy,” Williams, who donated through her organization, Serena Ventures, said in a Monday statement from the company. “Given the bleak data surrounding maternal death and injury rates, I believe that it is absolutely critical right now to invest in solutions that help protect the lives of moms and babies." 

ADVERTISEMENT

Black mothers are three to four times more likely to die during childbirth than white ones, according to the Centers for Disease Control and Prevention.

Williams shared that she almost died after giving birth to her daughter in a personal essay published last year on CNN.com, detailing that 24 hours after her delivery she suffered from a blood clot in her abdomen.

Mahmee builds an “online dashboard” to connect mothers and infants with health care professionals, with technology that “proactively engages, checks on and monitors patients through 'maternity coaches' and escalates concerns to doctors so that mom and baby's care plan stays up to date and critical red flags aren't missed,” according to the press release. The service is sold through hospitals and health systems.

Cuban praised Mahmee’s “tech solution.”  

“My investment reflects my confidence in the strength of this team, and the value of their mission: to fill a major gap in the existing health care system that very few others are tackling," the "Shark Tank" co-host said. "This tech solution is helping usher in the future of maternity health care."  

Mahmee said the funding round will be used to grow the company’s team of engineers, clinicians and sales staff. 

Black maternal mortality has been the subject of legislation and investigations on Capitol Hill this year. Rep. Ayanna PressleyAyanna PressleyJoseph Kennedy mulling primary challenge to Markey in Massachusetts Ocasio-Cortez brushes off Trump tweet claiming she is 'fuming' over Tlaib, Omar attention Trump finds consistent foil in 'Squad' MORE (D-Mass.) and 2020 hopeful Sen. Cory BookerCory Anthony BookerThe Hill's Campaign Report: Battle for Senate begins to take shape Steve King to Gillibrand: Odds of me resigning same as yours of winning presidential nomination We need a climate plan for agriculture MORE (D-N.J.) have introduced the Healthy MOMMIES Act, which expands Medicaid coverage to prenatal, labor and postpartum care, while Reps. Lauren UnderwoodLauren UnderwoodHillicon Valley: Capital One faces investigation over massive breach | DHS warns of cyber vulnerability in small aircraft | Senate bill would ban 'addictive' social media features Democrats take another stab at preventing foreign election interference Serena Williams, Mark Cuban invest in company working to end black maternal mortality MORE (D-Ill.) and Alma AdamsAlma Shealey AdamsEnsuring AI benefits everyone, tech must have a diverse pipeline Here are the 95 Democrats who voted to support impeachment Serena Williams, Mark Cuban invest in company working to end black maternal mortality MORE (D-N.C.) formed the Black Maternal Health Caucus in April.