Home 5 Articles 5 Digital Health Care Raising Money at Record Pace, with Software & Mental Health Leading the Way

Digital Health Care Raising Money at Record Pace, with Software & Mental Health Leading the Way

by | Oct 29, 2021 | Articles, Clinical Diagnostics Insider, Diagnostic Testing and Emerging Technologies, Top of the News-dtet

Despite the COVID-19 pandemic, capital investment in health care digital technology continues to surge at record pace. In 2020, total fundraising in digital health was $14.6 billion, the first time the sector ever surpassed the $10 billion barrier. Only three quarters into 2021, total funding for the year already stands at $21.3 billion. These are among the key findings of a new report from venture capital analyst firm Rock Health. The Digital Health Sector Rock Health’s analysis of digital health funding includes companies that build and sell technologies, including those paired with a service where the technology itself is the service. That includes companies like data warehouse platform builder Health Catalyst, online preventive health programs designer Omada Health, and Sotera Wireless, developer of the ViSi Mobile System, and Rock Health excludes companies like Access MediQuip, Oscar, One Medical and other firms that are innovative but focus on selling labor-intensive services, rather than technology. The analysis also counts only deals of $2 million or more. The Quantitative Analysis Rock Health describes 2021 as a “blockbuster year” for digital health funding, with the three highest-funded quarters ever. The $8.2 billion posted in 2021 Q2 was higher than total funding for the entire […]

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