7/6/21

The Rock Weekly

H1 2021 funding: Baby, you’re a firework

Fresh off the Fourth of July holiday weekend, we’re still seeing fireworks. Our H1 2021 report is out and the verdict is in: digital health funding is popping off, to the tune of $14.7B in H1—already surpassing 2020’s record-breaking total funding. The half closed with 372 deals and an average deal size of $39.6M, spearheaded by 48 mega deals which accounted for 59% of total funding. Public exit activity also ballooned with 11 closed IPOs and SPACs (+1 on Friday), with another 10 SPACs expected to close in 2021. It’s been a wild ride watching digital health blast off from niche sector to mainstream market, and it isn’t showing signs of slowing down: we just had another $1B+ week in funding. Read our H1 analysis here.

The same Rock Health Summit you know and love is back—and better than ever. This year, we’re introducing the Rock Health Summit Innovation Fellowship program, which recognizes emerging innovators, health equity leaders, and startup entrepreneurs with an opportunity to attend in person. Nominate a Fellow!

Headlines

Ro Buys Kit, A 17-Month-Old Startup That Offers At-Home Health Testing
Continuing their acquisition tear as we continue to beat the platform wars drum TechCrunch

Former CMMI Chief Launches Value-Based Care Company Targeting Rural Providers
A business model to make good on the growth of Medicare Advantage? Fierce Healthcare

Ethics And Governance Of Artificial Intelligence For Health
WHO releases guidance for AI in healthcare World Health Organization

Why Google Is Focusing Consumer Health Efforts On Fitbit
Big tech is still figuring out its role in healthcare MedCity News

Biden Administration 'Absolutely Supportive' Of Efforts To Expand Virtual Care
Fingers crossed the supporting legislation follows shortly Fierce Healthcare

Recent Funding

×