Digital health funding in 2023 is on track to dip to pre-pandemic levels, which could impact the virtual behavioral health industry.
Health tech companies raked in $6.1 billion in the first half of 2023, according to a new report by Rock Health. That’s less than half of 2022’s $15.3 billion total and less than a quarter of the $29.1 billion raised in 2021.
And that slowdown is expected to continue, as digital health startups can expect fewer deals and smaller fundraising rounds this cycle, according to the report.
Still, many behavioral health companies have garnered VC investment in the first half of 2023. For example, behavioral health company Author Health was one of two Series A mega deals with investments of over $100 million in the year’s first half, Behavioral Health Business reports. Read more.
