Digital health funding holds steady in Q1 after year of decline

Healthcare DIVE May 24, 2023
Emily Olsen

Dive Brief:

• Global digital health funding held steady in the first quarter of 2023, capturing $3.4 billion for the second quarter in a row, according to a report by CB Insights. That marks the first period without a quarter-over-quarter funding decline since the fourth quarter in 2021.
• The number of digital health deals also stayed consistent, bumping up 1% from the fourth quarter last year to 387 deals.
• The digital health sector defied trends seen in the larger venture capital environment, where funding fell 13% quarter over quarter.

Dive Insight:

Though investments in the sector held steady quarter over quarter, the report noted that digital health funding is still at its lowest level in years. Investments soared...

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