Digital health VC funding drops to $2B in Q3

Global venture capital funding for digital health companies totaled $2 billion in the third quarter of 2019, down 35 percent from the $3.1 billion raised during the same time period in 2018, according to a new Mercom Capital Group report.

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

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars