INSIGHTS
October 5, 2020

Q3 funding bonanza drives largest annual deal volume ever

Another way that 2020 is unlike any other year: it is already the largest funding year ever for digital health—and we still have three months to go. Investors pumped $4B into US-based digital health startups in Q3 alone, bringing the total haul so far this year to $9.4B across 311 deals—handily exceeding the former largest annual sum of $8.2B in 2018. And more than ever, it’s the mega deals driving the top-line numbers: so far in 2020, 24 digital health companies have raised more than $100M.

Dig into our just-released Q3 Digital Health Market Insights Report for a deep dive on the data and more of the trends we’re observing as we look ahead to the future of healthcare.

Headlines

Hims & Hers Goes Public In Blank Check Deal
The three-year-old telehealth platform garners valuation of $1.6B Fierce Healthcare | (Tweet)

Insurers Move To Stop Waiving Telehealth Copays
United and Anthem end some virtual care benefits while the pandemic rages on Stat | (Tweet)

Clinical Evaluation And Diagnostic Yield Using Apple Watch
Abnormal pulse detection may lead to healthcare overutilization JAMIA | (Tweet)

Clover, Walmart Launch Medicare Advantage Plans In Georgia
Members can receive free primary care and lab tests at Walmart Health centers MedCity News | (Tweet)

UnitedHealth Acquires DivvyDose
The at-home prescription medicine startup is a direct competitor to Amazon’s PillPack CNBC | (Tweet)

Startup Doc.ai Inks Deal With Anthem
Insurer to offer Doc.ai’s Passport product to support return to work Forbes | (Tweet)

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