The Data: Global venture capital funding for digital health totaled $15 billion in the first half of 2021—driven largely by telehealth investments, which accounted for about 30% of all digital health funding in H1 2021, according to a new report from Mercom Capital Group. That’s a 138% increase in funding activity compared with the $6.3 billion raised in H1 2020. Digital health funding so far this year already surpasses all digital health funding from 2020—and it’s the largest amount raised in a single year since 2010 (when the Affordable Care Act was passed, sending a wave of investments into innovative health ventures).
Telehealth companies brought in over 105 deals—a 147% rise compared with last year’s $1.7 billion raised across 79 deals. Telehealth was the largest area of digital health investments ($4.2 billion), followed by wellness ($1.7 billion), mobile health apps ($1.6 billion), analytics ($1.5 billion), and clinical decision support ($1.1 billion).
A breakdown of some of the most notable funding hauls:
Why this isn’t so surprising: Investments in D2C telehealth are breaking records even as telehealth utilization drops off.
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