Mercom Capital Group November 25, 2020
App companies led the category raising 50% of the VC funding
mHealth companies are witnessing a significant surge in funding amid the COVID-19 pandemic. mHealth companies raised nearly $2 billion in the first nine months (9M) of 2020, an 13% increase year-over-year (YoY), according to Mercom Q3 & 9M Digital Health Funding and M&A Report.
In 9M 2020, under the mHealth category, mobile health apps led the financing activity with $970 million, compared to $1 billion in 9M 2019, a five percent decrease. Wearable Sensors companies raised $703 million in 9M 2020, compared to $312 million in 9M 2019, a 125% increase YoY. Mobile Wireless Device companies secured $321 million in 9M 2020, compared to $437 million in 9M...
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