The grip digital mental health and telehealth have had on venture capital investment may be slipping as the third quarter of 2022 closes out.
This is confirmed by data and a report released by Rock Health and Flare Capital Partners that shows digital health investment has cooled off after a hot year in 2021.
The report states that Q3 raised $2.2 billion across 125 deals, making it the sector’s smallest quarter by dollars raised since Q4 2019 ($2.1 billion). Including Q3, 2022 funding totals $12.6 billion across 458 deals, raising doubts that this year’s digital health pot will be even half of last year’s $29.2 billion.