Over a billion and a half venture dollars poured into the digital health space in Q3 2019. MobiHealthNews recorded 66 deals adding up to roughly $1.55 billion globally — less than half of the $3.3 billion recorded during the same period last year. Babylon Health, a UK-based digital chatbot that also links up to provider practices, topped the charts this quarter with a $550 million funding round...
After a very active and lucrative Q1 and Q2, funding for digital health companies has cooled a bit in Q3, according to the latest Rock Health report. The raises came in at a total of $1.3 billion this last quarter, down from the roughly $2 billion seen in Q1 and Q2.
Additionally, the report points to three major trends this quarter: more mega deals over $100 million, companies exiting via IPOs...
