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 CubanNFL player said he'll get vaccinated if he can earn a profit from it Common sense rules can cure cryptocurrency's curse On The Money: Consumer prices jumped 5 percent annually in May | GOP senators say bipartisan group has infrastructure deal 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 PressleyPelosi disputes Biden's power to forgive student loans On The Money: Schumer, Warren call on Biden to extend student loan pause | IMF estimates 6 percent global growth this year Schumer, Warren call on Biden to extend student loan pause and wipe out K per borrower MORE (D-Mass.) and 2020 hopeful Sen. Cory BookerCory BookerHuman rights can't be a sacrificial lamb for climate action Senate Democrats press administration on human rights abuses in Philippines Juan Williams: Biden's child tax credit is a game-changer MORE (D-N.J.) have introduced the Healthy MOMMIES Act, which expands Medicaid coverage to prenatal, labor and postpartum care, while Reps. Lauren UnderwoodLauren UnderwoodBiden's midterm strategies start to come into focus Biden aims to build support for jobs and families plan in Illinois Hollywood goes all in for the For the People Act MORE (D-Ill.) and Alma AdamsAlma Shealey AdamsIn honor of Mother's Day, lawmakers should pass the Momnibus Act Officials discuss proposals for fixing deep disparities in education digital divide The Hill's Morning Report - Presented by the National Shooting Sports Foundation - At 50 days in charge, Democrats hail American Rescue Plan as major win MORE (D-N.C.) formed the Black Maternal Health Caucus in April.