Digital health founders and investors continue to face a tighter funding cycle with fewer deals and lower check sizes. However, several sectors are emerging as bright spots as investors show an interest in startups exploring new treatment pathways and tackling nonclinical workflow solutions.
In the third quarter of 2023, U.S. digital health startups raised $2.5 billion across 119 deals, the second-lowest quarter by funding total since the fourth quarter of 2019, according to an analysis by Rock Health, a venture fund dedicated to digital health. This brings 2023’s totals to date to $8.6 billion raised across 365 deals, Fierce Healthcare reports. Read more.
