Early-stage health tech funding grew in 2022 even as overall investment dropped, according to Silicon Valley Bank's Healthcare Investments and Exits report.
The analysis found companies raised $3.2 billion in seed and Series A rounds across 485 deals in the U.S., UK and the European Union, just inching above the $3.1 billion raised across 503 transactions in 2021.
Though 2021's funding totals...
Denver-based in-home care provider DispatchHealth raised $330 million in funding, with the equity raise led by Optum Ventures. This brings the company's total raise to over $700 million.
New investors Blue Shield of California, Olayan Group, Adams Street Partners, Pegasus Tech Ventures and Silicon Valley Bank joined in funding. Existing investors supported the round, including Humana, Questa...
Virtual women and family health provider Maven Clinic announced it raised $90 million in a Series E funding round, bringing the virtual clinic's funding total to $300 million.
General Catalyst led the round with participation from La Famiglia, CVS Health Ventures, and Intermountain Ventures. Existing investors also participated, including Oak HC/FT, Dragoneer Investment Group, Sequoia, Lux...
Health tech companies in the U.S. and the European Union have raised about $23 billion so far this year, a downward shift as the market recovers from the massive investment in 2021, according to a report by Silicon Valley Bank.
The report, which tallies funding through Sept. 30 this year, noted the decline was particularly sharp in the third quarter, dropping 39% from Q2 and 67% from the height...
Venture investment in healthcare nearly doubled in Europe last year, rising from $8.4 billion (€7.4bn) in 2020 to $13.9 billion (€12.2bn) in 2021, according to a report by Silicon Valley Bank (SVB).
The annual Healthcare Investments and Exits report found that healthtech funding in Europe almost doubled from $1.36 billion (€1.2bn) in 2020 to $2.6 billion (€2.2bn) in 2021.
European investment in...
Glytec, an insulin management software company, has received $21 million in funding from Silicon Valley Bank, Savitr Capital and other private investors.
The company collected $9 million in debt financing from SVB and $12 million in equity investments led by Savitr positions, according to its announcement.
WHAT IT DOES
Glytec’s eGlycemic Management System is centered on its FDA-cleared...
Record levels of capital were allocated and deployed to support innovative companies in the healthcare industry in 2020, according to a report by Silicon Valley Bank (SVB).
The Healthcare Investments and Exits Annual Report provides an overview of trends and data covering venture fundraising and deal flow in the life sciences sector globally.
It found that investment in Europe sky-rocketed in...
This morning Whoop, a Boston-based performance wearable company, raked in $55 million in a Series D funding round. The new money is a combination of both equity and debt. Foundry Group led the round with participation from Two Sigma Ventures, Accomplice, Thursday Ventures, Promus Ventures, Silicon Valley Bank and other individual investors.
According to the company, this latest raise brings its...
This morning Sensely, an artificial intelligence chatbot that helps users navigate insurance benefits, announced a $15 million raise. The latest funding round was led by Aflac Corporate Ventures with participation from NMC, Nippon Life Insurance Company, Susquehanna International Group, Sojitz Corporation, Zuellig Pharma and Silicon Valley Bank.
WHAT THEY DO
Sensely uses avatars to help users...
While 2019 is projected to have fewer digital health deals than 2018 — the first dip in five years — the estimated amount of funding pouring into the space continues to grow year over year, according to a new report by the Silicon Valley Bank.
Last year digital health companies worldwide raised a total of $7.21 billion, according to the report. This year the projected amount is up to $7.88...
