During the quarter, the average deal size ballooned to $45.9M (up from $31.7M in 2020), and SPACs continued to offer a new path to liquidity.
Amidst a national pandemic and the ensuing stay-at-home orders, consumer adoption rates grew 10+ percentage points.
With 24 mega-deals so far, 2020 will be the largest funding year ever for digital health...
According to their figures, digital health companies raised $1.3B in venture capital during Q3 2019, or $5.5B year to date.
If this trend holds steady, the sector is on track for an $8.4B year, and may even top 2018's record-breaking annual funding total.
The market is seemingly slowing down, but both companies see other reasons to be optimistic about digital health investment.
The Q3 2018 was the biggest quarter yet, with $3.3B invested across 93 deals during the period.
It has found 2017 to be the record-smashing year for the industry, with the highest amount of venture funding and the most mega deals ($100M+) to date.
And 16% of the 74 companies funded in the quarter are led by women CEOs, up from 11% at the half-year mark.
This spectacular figure was propelled by the record-shattering second quarter, and a record seven deals over $100M.