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New mega-rounds helped drive retail health and wellness tech in Q4
Keep, Valo Health, Everlywell and Pear Therapeutics were all among the startups in the retail health & wellness tech sector to raise new VC mega-rounds during the final three months of 2020. In all, investors put $2.3 billion to work in the quarter, as the pandemic continues to drive new interest in telehealth and other related areas. PitchBook's latest Emerging Tech Research report examines the full depth and breadth of the latest developments in the retail health & wellness tech sector.
Key takeaways include:
- Pre-money valuations in the space increased nearly 77% in 2020 on a year-over-year basis.
- Google's recent investment in Amwell and its acquisition of Fitbit are the latest sign of Big Tech companies' interest in healthtech.
- New government and payor commitment to virtual health could spur more innovation in the space.