Global digital health funding hits its lowest level in almost a decade

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Across the world, fund­ing for dig­i­tal health star­tups and deals made in the third quar­ter of this year has dropped to the low­est lev­el in near­ly a decade.

Dig­i­tal health star­tups glob­al­ly raised $3 bil­lion across 247 deals, ac­cord­ing to mar­ket in­tel­li­gence plat­form CB In­sights’ Q3 State of Dig­i­tal Health re­port pub­lished last week. But even as fund­ing for dig­i­tal health slows down in the U.S., Asia and Eu­rope saw dig­i­tal health fund­ing in­crease com­pared to the same quar­ter last year. The amount raised dropped 14% com­pared to the same pe­ri­od last year to a record low since 2016. It’s a sharp con­trast to broad­er glob­al ven­ture fund­ing, which rose 11% this quar­ter com­pared to last year. The de­cline in deals, though, is in line with the slump in the glob­al ven­ture mar­ket.

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