Why have billion dollar digital health companies struggled since the pandemic?
Lloyd Price
MAY 6, 2023
Digital health funding pre pandemic: 2018 Digital health companies raised a total of $8.1 billion in funding in 2018. This represented a 42% increase from the previous year's total of $5.7 billion. There were 368 deals in the digital health space in 2018, with an average deal size of $22.2 million. The largest funding rounds in 2018 went to companies working on healthcare technology solutions such as Rhythm Pharmaceuticals, which raised $151 million, and Modernizing Medicine, which raised $231 m
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