Fueled by the COVID-19 pandemic, the digital health sector shattered funding records in the first half of 2020. Given the continued interest in the space, it should come as no surprise that the first half of 2021 was another record-setting period. Still, we never could have guessed just how much the the first half (1H) 2021 funding would outpace 1H 2020 funding in the digital health sector, according to a recent Mercom Capital Group report.
"The digital health sector had a spectacular first half of 2021,” said Raj Prabhu, CEO of Mercom Capital Group. “Venture investments in digital health during 1H 2021 have already surpassed funding raised in all of 2020 and is the largest amount raised in a single year since 2010. Telehealth again led funding activity, accounting for almost 30% of the funding raised in 1H 2021. An even more impressive data point in the first half of the year was the record M&A activity, which has been flat in previous quarters despite the funding surge. A record 12 companies went public during the first six months of the year.”
Click here for more information about the report, or click through the slideshow to see the the key findings.