Global digital health funding hits $3.4B — 4 takeaways

After digital health funding plummeted for four quarters straight, it has stayed steady, reaching $3.4 billion in the first quarter of 2023, according to a May 23 report from CB Insights. 

Here are four things to know about digital health funding and deals in the first quarter of 2023:

1. U.S.-based companies saw $2.3 billion in digital health funding for the first quarter of 2023.
   
   
2. Digital health deals in the U.S. dropped to 198 compared to 358 deals the year prior.
   
   
3. The U.S. saw 68 percent of all global digital health funding, but only garnered 51 percent of deals.
   
   
4. Digital health merger and acquisition exits have doubled quarter over quarter. This is due to the high amount of U.S. exits, according to the report.