The third-quarter results bring the year-to-date total to $5.5 billion. Digital health startups are now on track to raise an estimated $7.3 billion by the end of the year, the second-highest annual total after 2018’s record-setting $8.3 billion.
Funding in the third quarter was led by behavioral health and women’s health companies. Behavioral health startups such as Talkspace and Calm have raised a total of $416 million, with the average deal size up 73 percent from 2018, at $26 million, even as overall digital health deal size has dropped this year.
Women’s health, which includes startups such as Nurx and Cleo, is on a similar trajectory: Funding for the sector increased more than 800 percent from 2014 to 2018, and 10 companies have raised a total of $177 million in 2019 so far.
More articles on health IT:
Meditech, Google Cloud partner: 3 things to know
Athenahealth campus up for sale: 5 things to know
3 Alabama hospitals halt admissions after ransomware attack
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
