2022 year-end digital health funding: Lessons at the end of a funding cycle

Rock Health January 9, 2023
Kyle Bryant, Madelyn Knowles, Adriana Krasniansky

Ahh, 2022: the year of inflation, stock drops, and a whopping seven (7!) interest rate hikes that cozied us up to the possibility of recession. In this period of difficult economic changes, much of digital health’s “up” came down (see: unicorn stumbles, big ticket IPO tanks). Overall, U.S. digital health funding scraped by with $15.3B, underperforming 2021’s pot and just beating out 2020’s total.

For the digital health sector, 2022 was a downhill ride—one that we think signals the tail end of a macro funding cycle centered around the COVID-19-era investment boom. But downhill paths carry both positive and negative connotations, and the following lessons from 2022 can help to make the most of the current market:

• As a...

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