INSIGHTS
April 5, 2021

Started from the bottom, now we’re here: $6.7B in Q1 funding

What a difference a decade makes. In 2011, we recorded $1.1B in funding. Fast forward to Q1 2021, and we’re seeing $1B+ in a week. With $6.7B across 147 deals, Q1 2021 just closed as the biggest funding quarter ever. Average deal size ballooned to $45.9M (up from $31.7M in 2020), and SPACs continue to offer a path to liquidity, with 10 announced or closed SPAC deals. With growing deal sizes, an accelerated pace of funding rounds, and new exit pathways—we’re in a unique moment for digital health. Read our Q1 funding recap for more on how digital health is all grown up.

Headlines

How To Advance Healthcare Quality Though Digital Health
Port co Vivante Health’s CMO Simon Mathews provides a clinician’s perspective Rock Health | (Tweet)

Cleveland Clinic And IBM Hope Their Partnership Could Prevent The Next Pandemic
“Discovery Accelerator” will leverage quantum computing and AI for life science research CNN | (Tweet)

Beth Israel Deaconess Medical Center To Pilot Google’s EHR Search Tool
Care Studio offering adds second health system to its roster Fierce Healthcare | (Tweet)

Mastercard, b.well Launch Tech To Enable Patient ID Verification
b.well execs note the tech “could come in handy with ‘vaccine passports’” Healthcare IT News | (Tweet)

SOC Telemed Acquires Acute Telehealth Vendor Access Physicians For $194M
And thus the “biggest acute telemedicine provider” in the US is formed Healthcare Dive | (Tweet)

Why Experts Say The Information Blocking Ban Will Be Game Changing For Patients
Mandate (finally) puts patients in control of own health data Fierce Healthcare | (Tweet)

Recent Funding