National Headlines

Telehealth, ROCK HEALTH DATA: Unprecedented funding in an unprecedented time

Funding

2020 Midyear Digital Health Market Update: Unprecedented funding in an unprecedented time

In the midst of a global pandemic and a US recession, US digital health companies raised $5.4B in venture funding across the first six months of 2020. The sector is on track to have its largest funding year ever. Large deals are once again driving the overall trend as average deal size hit a record $25.1M in H1. We take a look at the unprecedented past six months and share our thoughts on the impact of COVID-19 on digital health innovation, funding trends, and the investment area that has raised an eye-popping amount of funding so far this year—behavioral health.

 

 

Authored by

Nina Chiu

Research Fellow

With help from

Digital health funding had a wild ride through the first half of 2020. After coming out of the gates quickly with a record $3B in funding in Q1, digital health investment—and overall venture funding—hit the brakes in April as COVID-19 spread rapidly around the globe. But investors came roaring back into digital health in May as several regulatory and reimbursement barriers to digital health adoption were brushed aside in a rush to keep healthcare systems operational in the midst of the pandemic. In fact, H1 2020 saw more funding than any previous first half of the year (from 2011-2019), ending at a record $5.4B—beating the prior record of $4.2B set in H1 2019.

READ FULL STORY … VIEW INFOGRAPHICS and UPDATED DATA …

SOURCE: https://rockhealth.com/reports/2020-midyear-digital-health-market-update-unprecedented-funding-in-an-unprecedented-time/

Categories: National Headlines