Workweek July 17, 2022
Rock Health’s H1 digital health report showed a continued slowdown in funding this year compared to an explosive funding year in 2021. What’s the reason for the slow down and what digital health areas are on the come-up?
H1 funding totaled $10.3B in 2022 compared to $15.0B in 2021.
There are a couple of reasons why digital health raised 1.5x less funding in the first half of 2022 vs. 2021:
- Economic turmoil with Covid-19 variants, war and massive inflation (9.1%).
- Decreased confidence in companies with high valuations to turn a profit.
- Fewer new investors (30% in 2022 vs 45% in 2021).
Additionally, no companies went public in the first half of 2022 while 23 companies went public last...