What You Should Know: - 7wireVentures, one of the country’s leading digital health venture capital firms, today announced the successful completion of a $217 million Growth & Opportunity “GO” Fund, its largest to date. - The new venture fund will support later-stage digital health investments in high-potential companies from existing portfolios as well as new opportunities. The closing of the $217M GO Fund brings the Firm’s assets under management (AUM) to over $500M. GO
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Digital Health Funding | Venture Capital | News, Analysis, Insights - HIT Consultant
Digital Health Funding Reaches $6.1B in First Half of 2023
What You Should Know: Digital health funding in H1 2023 shows fewer deals, lower check sizes, and a smaller cohort of sector investors, according to the latest Rock Health report. Founders, investors, and healthcare innovators are adjusting to the new status quo, with some startups pursuing unlabelled raises, seasoned investors looking for the next big startups, and companies making decisions to sunset their businesses while their assets may continue as acquisitions or relaunched
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Q1 2023 Digital Health Funding Reaches $3.4B Across 132 Deals
What You Should Know: 2023 started off with the hallmarks of a rebound year. While Q4 2022 signaled the tail end of the digital health funding cycle, January and February funding numbers began to suggest that sector investment was slowly but surely inching back upwards. Inflation was easing ever so slightly. Investors were rediscovering their confidence and launching new projects, signaling optimism in the sector, according to a new Rock Health report. However, recent news—the collapse of
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20 Executives Share Health IT Predictions to Watch in 2023
We asked several healthcare executives to share their health IT predictions and trends for 2023. Nate Maslak, the co-founder/CEO of Ribbon Health Data Personalization: 38% of consumers want more personalized and inclusive healthcare options. In 2023, we’ll see a greater shift towards healthcare enterprises prioritizing this personalization, by innovating their current data infrastructure to show a range of information that lets a patient make an educated care decision based on what
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Digital Health Funding Reaches $15.3B in 2022 Across 572 Deals, Rock Health Reports
What You Should Know: - In a downtrodden market climate, things don’t need to feel doom and gloom, according to Rock Health’s Annual 2022 digital health funding report. 2022 was a necessary reminder that investment is cyclical and that strong players build resilience in weathering funding climate changes. - Analysts expect that 2023 will be built up on slow, steady, and maybe even boring strategies for healthcare startups and enterprises alike: managing cash, restructuring to accommodate
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Intel Invests $20M in Biofourmis’ Virtual Care Offerings
What You Should Know: - Biofourmis, a Boston-based global leader in virtual care and digital medicine, today announced that Intel Capital, the strategic investment arm of chipmaker Intel Corporation, has joined its Series D financing in an extension that brings the total funding raised in the round to $320M. - The initial Series D funding round was announced in April and was led by global growth equity firm General Atlantic with participation by CVS Health (NYSE:CVS), Trevor
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Q1 2022 Digital Health Funding Reaches $6B Across 183 Deals
What You Should Know: - Rock Health report reveals Q1 2022 digital health funding closed with $6.0B across 183 deals, and an average deal size of $32.8M. - Q1 2022 digital health funding was significantly behind Q4 2021’s $7.3B and the trailing twelve month quarterly average of $7.1B. Digital health funding reached a total of $6B in Q1 2022 across 183 deals, and an average deal size of $32.8M, according to Rock Health, a full-service venture fund
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Digital Health Funding Tops $29.1B Across 729 Deals in 2021
What You Should Know: - Digital health funding in the U.S. reached $29.1 billion across 729 deals, according to latest research from Rock Health, a full-service venture fund dedicated to digital health. The total nearly doubles 2020’s $14.9B record with an average deal size of $39.9M. - The findings signal both the cause and effect of trends in the healthcare landscape as the digital health sector deals with major changes to its infrastructure, business models, and talent pool
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Xealth’s CEO Shares Impact of Digital Health in 2020 and What’s Ahead in 2021
HIT Consultant sat down with Mike McSherry, CEO, and co-founder of Seattle-based digital prescription platform Xealth to discuss digital health lessons learned in 2020 and what we can expect in 2021. As Xealth’s CEO, Mike also works with Duke Health, UPMC, Atrium Health, and The Froedtert & the Medical College of Wisconsin health network where he uses his background in digital health to connect patients and care teams outside of traditional care settings. HITC: In 2021, How can digital
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Q3 2020 Digital Health Funding Breaks $4B: 3 Key Trends to Know
What You Should Know: - Digital health funding reached a record-breaking $4.0B in Q3 2020 for a total of $9.4B year to date, according to the latest Rock Health quarterly report. - Twenty-four (24) digital health companies have raised mega deals of $100M or more through Q3 of 2020. The rise in mega deals reflects a trend towards capital concentration in digital health venture investment. - On-demand healthcare services is the top-funded value proposition with $2.0B
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