Three years after digital health companies received a record $29.1 billion into venture capital funds, they face a far different reality in 2024: trying to raise enough capital in a tight market to stay solvent. Venture capital investors say many founders are taking bridge rounds, interim funding meant to help startups stay afloat between larger funding rounds. Companies are keeping funding rounds open longer or resorting to convertible notes, a type of debt financing that could convert into equity for investors. The moves underscore how difficult the environment is, and how the high stakes are.
Read the full article: Why 2024 Could Be a Year of ‘Reckoning’ for Digital Health //
Source: https://www.modernhealthcare.com/digital-health/digital-health-funding-rounds-2024-venture-capital