MobiHealth News January 14, 2020
The executive summary of a new report describes $8.9 billion in digital health funding dollars in 2019, down from $9.5 billion in 2018.
Digital health funding is on the decline, according to yet another funding report, this time from Mercom Capital Group. According to the company’s latest report, in 2019 digital health funding came in at $8.9 billion with 615 deals — a drop from the $9.5 billion and 698 deals recorded in 2018.
“After three consecutive years of growth, venture deals, and dollars for digital health companies declined in 2019,” Raj Prabhu, CEO of Mercom Capital Group, said in a statement. “After a long dry spell, there were four US IPOs, but their performance so far has been...
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