PYMNTS.com May 26, 2023
Venture capital (VC) firms are reportedly gearing up for further investments in healthcare.
The pace of VCs’ fundraising for investments in the healthcare sector this year exceeds that of 2022, a year in which the second-highest total was raised, The Wall Street Journal (WSJ) reported Friday (May 26).
At the same time, VC investment in the sector’s startups has plummeted when compared to last year as the investors wait for the startups to raise capital at lower valuations due to the current environment around the stock market and initial public offerings (IPOs), the report said.
While VCs are currently sitting on the capital, they do intend to invest it in the healthcare sector in time, and expect substantial returns when...
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