The fight to keep Americans out of the hospital has gone digital.
Venture and private equity investors poured nearly $2.4 billion into digital health firms around the world during the third quarter of 2016, according to StartUp Health Insights' latest funding report. That's significantly more than what was invested during the comparable period last year ($1.9 billion)—and the pace so far in 2016 (a hefty $6.5 billion has been invested through Sept. 30), suggests we're headed for a record year in funding.
Not everyone agrees, of course, on what counts as a “digital health” enterprise and other sector-watchers have estimated lower numbers of deals and dollars flowing in. But whatever the precise tallies may be, StartUp Health's dissection offers some eye-grabbing details—particularly about where all that seed and series funding is going.
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