Digital health funding down 14% in Q3

Investment in digital health experienced a 14% decrease, declining from $3.5 billion in Q2 of 2023 to $3 billion in Q3, according to an Oct. 26 report from CB Insights. 

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This represented the lowest quarterly funding level for digital health since 2016, according to the report. 

Here are three things to know about digital health funding in Q3:

  1. Digital health deals saw a 33% decline.
     
  2. General Catalyst and Samsung Next were the biggest digital health funders in Q3.
  3. Digital health funding in the U.S. declined by 14%, but despite this, the U.S. saw the majority of global digital health funding in Q3.

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