U.S. healthcare companies had soaked up $23.4 billion this year in venture capital funding as of Sept. 30, already well surpassing the sector's funding in all of 2017, and making up nearly 28% of total U.S. venture capital funding so far in 2018.
That's according to Pitchbook's quarterly report examining venture capital spending in the third quarter of 2018. Last year, healthcare services and systems, healthcare devices and supplies and pharma and biotech amassed $20.5 billion in venture capital funding, with pharma and biotech capturing far and away the largest share of those dollars. Pharma and biotech has made up 62% of venture capital funding so far in 2018.
