Digital health funding falls 14%

Digital health funding falls 14% unknown

Digital health funding fell 14% compared to the same quarter a year ago to $3 billion and to the lowest level since 2016, according to a new report from CB Insights.

The number of third-quarter deals also fell to 128, the fewest in a quarter since 2013. Despite the decline in funding, the median deal size of $3.8 million was only down 5% year over year, according to the report. General Catalyst and Samsung Next each invested in four digital health startups, more than any other investors. 

The United States was the market with the majority of digital health funding, with 63% of deals in the third quarter.