Global digital health funding and deal count in the second quarter reached their lowest levels in years, as startups raised $3.4 billion across 348 deals, according to a report by CB Insights.
Funding fell for the sixth straight quarter, reaching its lowest level since the third quarter of 2017. Deals also hit a record low since the second quarter of 2015, Healthcare Dive reports.
But mega-rounds increased in both deal number and funding amount for the first time since the end of 2021. The rounds, which are worth $100 million or more, made up more than a fourth of the sector’s total funding in the second quarter. Read more.
