Digital mental health companies saw a slight increase in deals in the third quarter of 2022, after a disappointing first half of the year.
In total, there were 72 deals in mental health tech in Q3 worth a total of $700 million, according to new data from CB Insights. That’s up from Q2, which had a total of 70 deals worth $600 million, Behavioral Health Business reports.
The subtle uptick in funding comes as digital health investment as a whole continues to plummet. Health tech funding in Q3 was down by 36% quarter over quarter, according to CB Insights. This means that digital health investment was at the lowest it has been since Q1 of 2019. Read more.
