Following trends in the broader venture market, 2023 saw venture funding dive in digital health—continuing the downhill trajectory that began in 2022. Annual venture funding for 2023 closed out at $10.7B raised across 492 deals, the lowest amount of capital invested in U.S.-based digital health startups since 2019. This year, the new beginnings of a macro funding cycle marked a year of transition. While Rock Health predicted 2023’s low funding numbers, some of the other activities anticipated as a result of tough market conditions didn’t materialize. In 2023, M&A activity did not increase, even though cash-strapped startups were expected to look for buyers.
Read the full article: Rock Health: 2023 Year-End Digital Health Funding //
Source: https://rockhealth.com/insights/2023-year-end-digital-health-funding