Venture capital funding for telemedicine companies surged in the first quarter of 2020 to $788 million. That funding level is more than triple the $220 million telemedicine companies raised in the first quarter of 2019, according to communications and research firm Mercom Capital Group. Telemedicine funding jumped 258% year over year. Global venture capital funding, including private equity and corporate venture capital funding, into digital health companies in the first quarter of 2020 came to a record $3.6 billion in 142 deals compared to $1.7 billion in 142 deals in the fourth quarter of 2019, Mercom Capital reported in its first-quarter digital health funding and M&A report.
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Source: https://www.fiercehealthcare.com/tech/telemedicine-companies-saw-a-funding-boom-q1-2020