Five things to know:
- Digital health startups raised $6.7 billion more in the first three quarters of 2021 than in all of 2020. The sector raised $6.4 billion in the first quarter, $8.2 billion in the second and $6.7 billion in the third.
- There were 541 digital health investment deals during the first three quarters of 2021, with an average deal size of $39.4 million. In 2020, there were 464 digital health deals, with an average deal size of $31.5 million.
- Sixty-two of the 541 deals signed in the first three quarters of 2021 totaled $100 million or more.
- The most-funded digital health companies in 2021 have been those that use software to accelerate research and development, deliver on-demand healthcare services and support disease treatments.
- Mental health is the top-funded therapeutic focus so far in 2021 with $3.1 billion raised. Startups focusing on cardiovascular disease, diabetes, primary care and oncology are also well-funded therapeutic focuses, as each category raised more than $1 billion during the first three quarters of 2021.
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
