Fierce Healthcare April 14, 2020
Venture capital funding for telemedicine companies surged in the first quarter of 2020 to $788 million.
That funding level is more than triple the $220 million telemedicine companies raised in the first quarter of 2019, according to communications and research firm Mercom Capital Group. Telemedicine funding jumped 258% year over year.
Global venture capital funding, including private equity and corporate venture capital funding, into digital health companies in the first quarter of 2020 came to a record $3.6 billion in 142 deals compared to $1.7 billion in 142 deals in the fourth quarter of 2019, Mercom Capital reported in its first-quarter digital health funding and M&A report.
Digital health venture capital funding in the first quarter of 2020 increased by...
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