Telehealth Companies Lead Digital Health to Record VC Funding in Q1 2020 with $3.6 Billion
Summary
AUSTIN, Texas--(BUSINESS WIRE)--Mercom Capital Group released its report on funding and merger and acquisition (M&A) activity for the Digital Health sector for the first quarter of 2020. Global venture capital (VC) funding, including private equity and corporate VC into Digital Health companies in Q1 2020, came to a record $3.6 billion (B) in 142 deals compared to $1.7B in 142 deals in Q4 2019. That may not be a bad thing,” said Raj Prabhu, CEO of Mercom Capital Group. The top-funded categories in Q1 2020 were: Telemedicine with $788M, followed by Data Analytics with $573M, Clinical Decision Support with $446M, mHealth Apps with $365M, Healthcare Booking with $306M, and Wearables & Sensors with $286M. “The healthcare industry is really leaning on digital health technologies, particularly telehealth solution to tackle the Coronavirus pandemic.