Many digital health startups that received hefty funding rounds in 2021 and 2022 find themselves in need of a lifeline in early 2024, either from investors with deep pockets or a buyer. In 2021, venture capital investors wrote a record number of checks for digital health companies based on the promise of greater demand for virtual care, a part of the market that showed promise during the COVID-19 pandemic. But venture capital funding for digital health companies plummeted last year, largely because of lagging adoption of solutions, high interest rates and minimal returns for investors.
Read the full article: Digital Health Startups Search for Buyers as Funds Decline //
Source: https://www.modernhealthcare.com/digital-health/startups-buyers-funding-mergers