Fierce Health Payer July 30, 2021
Despite investor fears of a telehealth slowdown, the market banked a record-setting $5 billion in 163 funding deals in the second quarter of 2021.
Global telehealth investment rose for the fourth consecutive quarter, growing 17% quarter over quarter and 169% year over year, according to a new report from market intelligence company CB Insights.
The nascent telehealth space is beginning to show signs of maturity, as, so far in 2021, early-stage deals are tracking at a historical low while late-stage deal share is at a high, the report said.
In the second quarter, the top five deals alone were worth $1.6 billion, representing 30% of quarterly funding.
At the top of the list, Noom, an app that helps people lose weight by focusing on...