Mae Health Inc., a pioneering startup focusing on minority health, has closed an oversubscribed seed funding round led by Jumpstart Nova. This investment will enable Mae to expand its tech-enabled services and tackle the significant disparities in Black maternal health outcomes. The funding round saw contributions from a variety of investors, including the Astia Fund, Impact Engine, Joyance Partners, and Gratitude Railroad, alongside early backers like RH Capital and Bright Ventures. Tech-Enabled Solutions for Maternal Health In response to the maternal mortality rates and the prevalence of maternity care deserts,
The Folklore, a platform known for connecting global consumers with African brands and diasporic fashion, has secured a substantial $3.4 million seed funding. This round was spearheaded by Benchstrength Ventures, with contributions from Techstars, Black Tech Nation Ventures, and Slauson and Co. Connecting brands with Major Retailers In 2022, Folklore underwent a transformation. Originally a shopping platform showcasing primarly African brands, it now aims to enhance how emerging brands integrate into the retail landscape. “[Brands] would come to me for advice on how to expand their footprint, how to get a loan or how
