After digital health funding plummeted for four quarters straight, it has stayed steady, reaching $3.4 billion in the first quarter of 2023, according to a May 23 report from CB Insights.
Here are four things to know about digital health funding and deals in the first quarter of 2023:
- U.S.-based companies saw $2.3 billion in digital health funding for the first quarter of 2023.
- Digital health deals in the U.S. dropped to 198 compared to 358 deals the year prior.
- The U.S. saw 68 percent of all global digital health funding, but only garnered 51 percent of deals.
- Digital health merger and acquisition exits have doubled quarter over quarter. This is due to the high amount of U.S. exits, according to the report.