TechCrunch August 26, 2020
As wellness startups drift generally, VC hotspots emerge
Turning away from the public markets, IPOs, SPACs and Palantir for a moment, would you like to talk about startups again? I would.
This morning, I pored over venture capital funding patterns for wellness-focused startups. Broadly, according to a new report, these startups raised less money in the first half of 2020 than they did in the first two quarters of 2019. Deal volume fell from nearly 600 in H1 2019 to just under 500 in H1 2020, and dollars invested slipped from $6.1 billion to $4.6 billion in the same timeframe.
But, if we peer a bit deeper and look at the subcategories of wellness startups, interesting hotspots become clear.
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