Rock Health Reports Record Digital Health Funding Of $5.4Bn In H1 2020, Sees Potential For Record-Year Funding
BY MARION WEBB Executive Summary Digital health funding is on track for the largest funding year ever amid the COVID-driven demand for telehealth and remote monitoring of patients. However, a large second wave of the pandemic could reverse that trend.
US digital health companies raised $5.4bn in venture capital funding in the first six months of 2020, driven by skyrocketing demand for on-demand health care services and disease monitoring. As a result, digital health is on track for the largest funding year ever. Digital health funding in the first half of this year exceeded first half figures for the last nine years and was $1.2bn higher than the first half of 2019, according to venture capital Rock Health’s midyear report. (Also see “BIO Digital: Investment Panel Sees Continued Rising Adoption Of Telehealth, Remote Monitoring” - Medtech Insight, 11 Jun, 2020.) Digital companies are now on track for seeing the largest funding year ever. (Also see “VC Deals Analysis, H1 2020: Medtech Funding Stays Apace, Cardiovascular Is King” - Medtech Insight, 1 Jul, 2020.)
34 / September 2020
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