Digital health startups pocketed $6.8 billion globally in 2019 so far — and we think US startups will continue to scoop up the biggest deals:
Companies based in Paris scooped up a total of $321 million, over four times as much as the the city's digital health companies landed in Q1 and Q2 2018.
Despite digital health's maturation in other cities, I think US digital health firms will continue to eclipse their global counterparts in attracting investor appetite. US-based companies are on track to complete a higher volume of megadeals. So far in the US this year, we've seen five megadeals — which StartUp Health describes as a single funding round of $100 million or more — among digital health companies totaling about $720 million. Conversely, there were only two elsewhere across the globe. So, while international startups are upping their healthcare innovation games, US startups are bringing in larger sums of money.
And US digital health IPO activity is heating up, which could prove to investors that the US digital health industry is a steady bet.The IPO floodgates are wide open after aof US digital health startups — like Change Healthcare and Livongo — doubled down on plans to go public. The flurry of IPO activity could be a telling sign that the digital health industry overall is maturing and worthy of investors' cash.
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