Digital health startups garnered $6.7 billion in venture funding during the first quarter of 2021, making it the sector's most-funded quarter to date, according to a report released April 5 by Rock Health.
The average deal size during the first quarter was $45.9M, compared to $31.7 million in 2020. The sector is on track to significantly outpace the $14 billion it raised last year.
Below are the 25 startups that raised more than $100 million in the first quarter of 2021:
- Ro raised $500 million in a series D funding round.
- Insitro raised $400 million in a series C funding round.
- Hinge Health raised $300 million in a series D funding round.
- Tonal raised $250 million in a series E funding round.
- Komodo Health raised $220 million in a series E funding round.
- Cedar raised $200 million in a series D funding round.
- DispatchHealth raised $200 million in a series D funding round.
- Valo raised $190 million in a series B funding round.
- Lyra Health raised $187 million in a series E funding round.
- Color raised $167 million in a series D funding round.
- Evidation raised $153 million in a series E funding round.
- Zocdoc raised $150 million.
- Unite Us raised $150 million in a series C funding round.
- Strive Health raised $140 million in a series B funding round.
- K raised $132 million in a series E funding round.
- BetterUp raised $125 million in a series D funding round.
- Cellarity raised $123 million in a series B funding round.
- Clarify Health raised $115 million series C funding round.
- Valo Health raised $110 million in a series B funding round.
- Innovaccer raised $105 million in a series D funding round.
- BrightInsight raised $101 million in a series C funding round.
- Ginger raised $100 million in a series E funding round.
- Aledade raised $100 million in a series D funding round.
- Paige raised $100 million in a series C funding round.
- Rightway raised $100 million in a series C funding round.