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Report: Digital health investment is rebounding in 2024 [Video]

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Small Business Funding

If the momentum of investment continues, this year could surpass year-end totals seen in 2019 and 2023 ($8.2B and $10.7B, respectively), two years that can serve as comparable periods outside the pandemic, according to Rock Health’s H1 2024 digital health funding report released this week. 

Digital health startups in the U.S. raised $5.7 billion across 266 deals in the first half of 2024.

Seed, Series A and Series B funding accounted for 84% of investments, with Series A funding being most prevalent. 

Of those Series A raises, 38% went to startups leveraging artificial intelligence, and 34% of the total digital health funding seen in H1 went to companies utilizing AI. 

The rise of unlabeled deals continued in H1 2024 from early 2023, with 40%, or 107 deals, in H1 being unlabeled compared to 44% in 2023. 

The number of unlabeled deals has gradually increased since 2019, with 4% seen that year, rising to 7% in 2020, 19% in 2021, and 22% …

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