Digital health startup funding peaked at $5.1B in 1H 2019, report finds

Venture funding for digital health companies around the world reached an all-time high in the first half of 2019, topping $5 billion, according to a new Mercom Capital Group report.

Here are three key findings from the report, which comprises fundraising information about more than 600 companies and investors:

1. Digital health funding totaled $5.1 billion in the first six months of the year; $3.1 billion was raised in the second quarter alone. The first half funding represents a slight increase from the $4.9 billion raised in the first six months of 2018, and is the highest amount of venture funding raised in the first half of any year so far.

2. This increase in digital health funding occurred amid a decrease in the total number of deals: In the first half of 2019, the $5.1 billion in venture capital was dispersed among 318 deals, compared to the 383 deals that took place in the first half of the previous year.

3. The three categories to receive the most funding in the first six months of the year were analytics, with $1.1 billion; telemedicine, with $896 million; and mobile health apps, with $627 million.

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