October 4, 2022
Health IT
  • Rock Heath’s latest quarterly report found that digital health companies raised $2.2 billion across 125 deals in the third quarter – the smallest funding quarter since the fourth quarter of 2019. In Q1 of this year, digital health funding slowed to $6.1 billion, down from $6.7 billion during the same period in 2020. Funding then dropped to $4.1 billion in Q2, also down from $8.3 billion the same time a year ago. With Q3 included, 2022 year-to-date funding totals $12.6 billion across 458 deals. According to the report, the sharp decline in funding reflects several key themes: smaller checks across the board, a focus on early-stage funding, and reprioritization of technology investments, (Report here)