Lexology January 25, 2024
With the numbers tallied for the year behind us, we can confirm that funding for medical device and diagnostics companies experienced a dramatic slowdown in 2023. Now that the 2024 J.P. Morgan Healthcare Conference has passed, we are turning to what funding the market managed to raise last year and what may be on the horizon.
2023 Funding Figures
Medical Devices
According to the HSBC Venture Healthcare Report 2023 Year-End Recap and 2024 Outlook, medical device companies raised $7 billion in venture capital (VC) financings over 474 deals. This represents a 19% decrease from 2022. Medical device companies that were raising their first investment rounds (either Series Seed or Series A) brought in $778 million over 108 deals, representing an...
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