Home 5 Articles 5 Investors Sink Nearly $15 Billion into Digital Health Companies in First 6 Months of 2020

Investors Sink Nearly $15 Billion into Digital Health Companies in First 6 Months of 2020

by | Jul 28, 2021 | Articles, Clinical Diagnostics Insider, Diagnostic Testing and Emerging Technologies, Laboratory Industry Report

The pandemic has enabled developers of Electronic Health Record (EHR), Laboratory Information Systems, ePrescription software and other digital health technologies to attract investment capital at record rates. In 2020, digital health companies set a new funding record of $14.8 billion. Halfway into 2021, that record has already been eclipsed with $14.9 billion in funding raised, a 138 percent increase over the $6.3 billion raised during the first six months of last year. Those are the findings of a new report from market research firm Mercom Capital Group. Record 1H for Digital Health Funding Total corporate funding for digital health, including venture capital, public market and debt in 1H 2021 was $19 billion, Mercom reports. Digital health companies raised $7.7 billion in 195 deals in Q2 2021 compared to $7.2 billion from 179 deals in Q1 2021, a 7 percent increase. The $7.7 billion raised in Q2 was also 175 percent above the $2.8 billion in 161 deals in Q2 of 2020. The top digital health venture capital deals in 1H: $540 million raised by Noom; $500 million raised by Roman; $300 million raised by Capsule; $300 million raised by Hinge Health; and $300 million raised by KRY. Telemedicine Commands the […]

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