Healthtech VC Trends

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Healthtech dealmaking inches back toward recovery 

The healthtech market may finally be recovering from a difficult post-pandemic adjustment period, with 179 deals closed in Q4 2024, according to our latest Emerging Tech Research. Overall, 24 mega-rounds worth over $100 million were raised last year in the sector, up from 18 in 2023. 

Finland-based smart-ring specialist Oura led the way with its $200 million Series D at a $5.2 billion valuation. Exit value at the end of 2024 was up slightly from the previous two years. But startups may have to take valuation haircuts or explore other M&A options moving forward in an exit environment that is still far from its peak in 2021.