Digital health funding continued to explode in the first quarter of 2021. In Q1 MobiHealthNews reported on a whopping 99 digital health fundings equaling $7.1 billion in venture dollars. This number trumps the $2.9 billion reported in 2020’s Q1.
While the number of fundings is on the rise, so is the amount as later-stage companies complete Series D and E rounds. For example, direct-to-consumer virtual care company Ro scored $500 million in fundings. But while Ro was top of the chart, nine-figure fundings aren’t uncommon – in fact, MobiHealthNews reported on 28 fundings that topped $100 million.
Source: Mobihealthnews