In 2021, funding for health technology companies went on a tear and by July, a rush of mega-deals over $100 million had pushed the total investment to a record-breaking level. The headline from Rock Health’s mid-year funding report said it all: “Another blockbuster year…in six months.”
Things have changed, but investors cautioned that it’s not as bad as it looks.
A new Rock Health report covering the first half of the year confirms the slowdown that many had braced for: Digital health companies have raised $10.3 billion so far in 2022, compared to $15 billion in the first six months last year. The investment firm and consultancy predicts companies will raise roughly $21 billion by year-end, compared to $29 billion for all of 2021.
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