Rock Health January 13, 2025
As we embark on the new year, we’re taking a moment to reflect on the trends and activity that shaped digital health and healthcare innovation in 2024. Venture funding for U.S. digital health startups totaled $10.1B across 497 deals this year, after logging $1.8B across 118 deals in Q4. 2024’s lower funding pot was influenced by investors’ focus on earlier-stage funding, as well as a pullback on later-stage check sizes.
While 2024 saw heightened earlier-stage investment activity, a handful of large, more established players dominated healthcare innovation headlines. Heavyweight investors drove sector dealmaking, with mega funds like Andreessen Horowitz and General Catalyst leading the charge in digital health by transaction count. Big Tech players commanded the foundation model front,...