Mercom Capital Group February 9, 2021
App companies led the category raising 52% of the VC funding
mHealth companies witnessed a strong surge in funding amid the COVID-19 pandemic. mHealth companies raised $2.7 billion in 2020, a 19% increase year-over-year (YoY), according to Mercom Q4 and Annual 2020 Digital Health Funding and M&A Report.
Within the mHealth category, mobile health apps led the financing activity with $1.4 billion, compared to $1.2 billion in 2019, a 17 percent increase. Wearable Sensors companies raised $815 million in 2020, compared to $457 million in 2019, a 78% increase YoY. Mobile Wireless Device companies secured $471 million in 2020, compared to $556 million in 2019, a 15% decrease YoY.
A total of 448 investors participated in the mHealth category...
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