What You Should Know:
Global venture capital firm White Capital publishes its first series of sector reports diving into the global digital health sector focusing on virtual care, mobile health, software, and communication, while also exploring the outlook of the sector from North America, Europe, and Asia.
In Q1 of 2020, $9.8bn of new VC capital was invested in digital health globally, which is 12% more than what was invested in Q1 2019. The COVID-19 pandemic has provided an accelerated desire for access and tailwinds for telemedicine/virtual health adoption in these sectors:
Funding for mobile health startups have increased globally – from 413 deals in 2018 to 470 deals in 2019, and an increase in total funding from almost $2.9B to $4.3B from 2018-2019.
The first four months of 2020 have also already brought in 97 deals globally and $1.2B
Funding for healthcare software startups have increased globally from 407 deals in 2018 to 422 deals in 2019, and an increase in total funding from almost $1.6B to $2.4B
The first four months of 2020 as yielded 99 deals globally and $840M
Communication and Information Tools
Funding for Communication and Information healthcare startups have increased from 17 deals globally in 2018 to 31 deals in 2019, with an increase of $533M in funding, YoY
In the first four months of 2020, there have been 4 deals but funding is already at $127M