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It was expected to be a last-minute salvo: As much of the world braced for a probable pandemic-era recession, some health tech startups nailed significant funding in the first quarter of 2020. Analysts eyed the data cautiously, warning that the trend was likely short-lived.

But as March rolled into April, and then seeped like molasses into May, the money kept flowing. Just this month, three health tech companies raised more than $100 million each.

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