Digital health startups in the United States have seen a decline in funding, with the sector on track for its lowest funding year since 2019, according to the latest quarterly report by Rock Health.
The decline in funding follows a significant boom in 2021, when U.S. digital health startups raised $29.1 billion across 737 deals.
In the first half of 2023, startups managed to raise $6.1 billion through 244 deals, with an average deal size of nearly $25 million.
However, the number of investors participating in digital health funding rounds fell to 555 investors joining in the first six months of 2023, compared to 775 during the same period last year.
Despite this trend, there are still some notable exceptions, as 12 mega-deals worth $100 million or more were made, Healthcare Finance reports. Read more.
