
New York (CNN Business)
The United States is in a maternal health crisis.
Maternal mortality and morbidity rates across the country have increased steadily over the past 20 years, even as rates in all other developed countries have decreased significantly.
New government data shows that US maternal deaths jumped by 14% during the first years of the pandemic, to 861 in 2020.
The rate of maternal deaths for Black women in the US was nearly three times higher than it was for white women over that time frame.
Goldman Sachs wants to change that. Mahmee, a six-year-old maternal healthcare startup, has announced the closing of a $9.2 million Series A funding round led by Goldman’s Growth Equity Business.
The investment is part of Goldman Sachs’ One Million Black Women initiative, a $10 billion commitment to narrow opportunity gaps for Black women over the next decade.
Hooray for Goldman Sachs!
We need more major corporations to step up to their societal responsibilities.
If not today, when?
