Global venture capital funding for digital health companies totaled $2 billion in the third quarter of 2019, down 35 percent from the $3.1 billion raised during the same time period in 2018, according to a new Mercom Capital Group report.
Total digital health VC funding for the year was also down: Digital health companies have raised a total of $7.2 billion across 474 deals in the first nine months of the year, a 10 percent drop from the $8 billion raised in 556 deals in the first three quarters of 2018.
In the third quarter, consumer-centric companies raised $1.4 billion in venture capital, accounting for 71 percent of the quarter's total, while healthcare practice-focused companies raised the other 29 percent of the quarter's venture capital. The highest-funded categories during the three-month period were telemedicine ($651 million), mobile health apps ($391 million) and analytics ($201 million).
View the full report here.
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