Coming out of 2021’s breakthrough year, digital health funding slowed in the first quarter, signaling potentially choppy waters ahead for investors in 2022, Fierce Healthcare reports.
Digital health startups banked $6 billion in the first quarter of 2022—an eye-popping number compared to just three years ago—but investment fell significantly behind the $7.3 billion raised in the fourth quarter of 2021 and the trailing twelve month quarterly average of $7.1 billion, according to Rock Health, a venture fund dedicated to digital health.
“While Q1 isn’t usually a standout quarter for funding overall, in three of the five past years, Q1’s funding beat its preceding quarter—but that isn’t the case this time around,” Rock Health’s Adriana Krasniansky and Pavan Shah wrote in the company’s first-quarter funding report.
Digital health had a breakout year in 2021, with startups raising an eye-popping $29.1 billion across 729 deals. Read more.
