Total digital health VC funding for the year was also down: Digital health companies have raised a total of $7.2 billion across 474 deals in the first nine months of the year, a 10 percent drop from the $8 billion raised in 556 deals in the first three quarters of 2018.
In the third quarter, consumer-centric companies raised $1.4 billion in venture capital, accounting for 71 percent of the quarter’s total, while healthcare practice-focused companies raised the other 29 percent of the quarter’s venture capital. The highest-funded categories during the three-month period were telemedicine ($651 million), mobile health apps ($391 million) and analytics ($201 million).
View the full report here.
More articles on health IT:
Few hospital CIOs ‘very familiar’ with patient medical record sharing rules
IBM to build blockchain platform for smart contracts
Omada Health expands digital health offerings
