Digital health companies raked in $8.1 billion in Q3

Digital health companies around the globe raised a collective $8.1 billion in venture capital from investors in 2021's third quarter—a record for the sector, according to new data from market research firm Mercom Capital Group.

Venture-capital funding was up 5% from $7.7 billion raised in 2021's second quarter, which previously held the record for the largest funding quarter among digital health companies. The $8.1 billion funding total for the quarter is also more than double the $3.9 billion that digital health companies raised in 2020's third quarter.

So far this year, investors have poured $23 billion in venture capital into digital health companies—already surpassing the $14.8 billion that digital health companies raised in full-year 2020.Digital health companies raised $9.2 billion in total corporate funding—which includes venture capital, but also public market financing and debt—in 2021's third quarter, down from $11.15 billion in the second quarter but up from $6.7 billion in the year-ago quarter.

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