Global digital health funding held steady in the first quarter of 2023, capturing $3.4 billion for the second quarter in a row, according to a report by CB Insights. That marks the first period without a quarter-over-quarter funding decline since the fourth quarter in 2021, Health Care Dive reports.
The number of digital health deals also stayed consistent, bumping up 1% from the fourth quarter last year to 387 deals.
The digital health sector defied trends seen in the larger venture capital environment, where funding fell 13% quarter over quarter. Read more.