MobiHealthNews covered a record-breaking 109 funding deals during the past three months – a clear step up from Q3 2019 and the swelling numbers of H1 2020.
The first six months of the year have painted a picture of extraordinary investor interest in digital health, but no quarter has made a stronger case than the past three months of record-breaking fundraising.
In Q3 2020, MobiHealthNews covered an unprecedented 109 investment deals and announcements that brought a total of more than $4.6 billion to digital health startups and health tech innovators.
This marks a substantial jump from Q1 2020’s 82 deals for $2.9 billion and Q2 2020’s 89 deals for $2.4 billion. Even more impressively, this quarter’s total haul is roughly three times the amount MobiHealthNews reported during 2019’s Q3, when investors’ interest cooled to $1.55 billion across 66 deals. Notably, the sector has brought in nearly $10 billion in total investments in just nine months – handily outpacing MobiHealthNews’ tallies for the entirety 2019 ($7.2 billion) and 2018 ($7.7 billion). With plenty more time left to go on the calendar, suffice it to say that 2020 is already well on track to become a banner year for the digital health industry.
Headliners for the quarter included nine-figure raises for insurtech and artificial intelligence-based drug discover startups, but a large volume of deals involved companies active in the telehealth and virtual care space – think Ro, Heal, Doctor On Demand, and MDLive on the upper end of the scale, and Eden Health, Nurx, Brightline and Medefer on the other. But this quarter’s list also included a number of other major focus areas for the industry including remote monitoring, patient triage, prescription management, and data analysis.
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Read on below to see the full list of fundings MobiHealthNews spotted in Q3, and click on the highlighted links to see their original coverage.
Source: Mobihealth News