Fill out the form to download a preview of this report. The full report is available through the PitchBook Platform.
Digital health startups defy the skeptics
Digital health VC investment hit $2.2 billion in Q3, the highest level since early 2022, according to our latest Emerging Tech Research.
- The surge is thanks to seven deals of $100 million or more, the largest of which was Flo Health’s $200 million Series C at a $1.2 billion valuation for the consumer-facing women’s health platform.
- Publicly traded digital health companies have faced skepticism from investors, but IPOs could still make a resurgence. Diabetes startup Omada Health confidentially filed for an IPO earlier this year.
- A key area of innovation is smart rings: Oura hit a $5 billion valuation this year amid swift growth.
Table of contents
Vertical update |
3 |
Q3 2024 timeline |
5 |
Digital health VC deal summary |
6 |
Digital health landscape |
7 |
Digital health VC ecosystem market map |
8 |
VC activity |
9 |
Innovation spotlight |
12 |
Smart rings |
13 |
Select company highlights |
14 |
Ro |
15 |
Noom |
17 |
Appendix |
20 |