US-based maternity care provider Millie has secured USD 12 million in Series A funding to expand its hybrid care model. The round was co-led by TMV and Foreground Capital, with significant participation from Pivotal Ventures and the March of Dimes Innovation Fund. Existing investors, including Ingeborg Investments, BBG Ventures, Joyance, LearnStart, Amboy Street Ventures, Mother Ventures, Coyote Ventures, and Chai Ventures, also participated.
The San Francisco-based company will use the funding to enhance its technology platform and expand its market presence, starting with a new clinic in San Jose, California, in partnership with HCA Healthcare’s Good Samaritan Hospital.
The investment comes at a critical time for US maternal healthcare. According to the 2024 March of Dimes Maternity Care Deserts Report, over 35% of US counties are designated as maternity care deserts. Millie’s model addresses this crisis through midwifery-led care, which studies show is optimal for more than 80% of low-to-moderate risk pregnancies.
“We believe Millie has built the ideal model to drive better outcomes: midwifery-led, powered by both clinician and patient-facing technology, in partnership with health systems and payers. Not only is this transformative for maternal health but there is a huge upside potential as Millie builds a longitudinal relationship beyond the maternity episode,” said Emma Silverman, Partner at TMV, an early investor in Cityblock and Kindbody.
The company, which accepts all major insurance plans including Commercial and Medicaid, reports 30% better NTSV C-section rates and 67% better preterm birth rates compared to national averages. Over 50% of Millie’s patients identify as Black, Indigenous, and People of Color (BIPOC), and the company maintains NPS scores above 90.
“Millie’s inclusive approach, focus on overlooked markets, broad-based health system partnership strategy, and in-network care is purpose-built to address critical access gaps in maternity care,” said Erin Harkless Moore, Managing Director, Investments at Pivotal Ventures. “Its experienced team and capital efficient model offer significant potential for change at scale.”
Founded by Anu Sharma following her own challenging birth experience, Millie offers comprehensive care including prenatal services, labor and delivery support, home postpartum visits, and one-on-one doula coaching. The company has expanded to include preconception counseling and gynecology services.
“Inspired by a near-miss following the birth of my own daughter, I set out to build a better maternity model that provides more complete, right-sized, and proactive care,” said Sharma, Founder & CEO of Millie. “I’m proud that Millie is not only a women-powered team, but is also backed by an all-star women-powered cap table — evidence that women are creating and funding their own solutions to create a better system for themselves.”
The company’s technology platform integrates care management, remote patient monitoring tools, and a proprietary patient app. Since launching in September 2022, Millie has served over 1,700 patients through its hybrid model that combines digital platforms with physical clinics and health system partnerships.
“Our community deserves exceptional, compassionate care, and Millie is bringing just that to Good Samaritan Hospital,” said Patrick Rohan, CEO at Good Samaritan Hospital. “We are thrilled to welcome Millie to our hospital family and to the San Jose area. Their innovative approach to maternity care is inspiring, and we’re proud to partner with them to ensure that every family’s birthing experience is as safe, supported, and empowering as it can be.”
