Report: Q3 2017 Healthcare VC funding steady, digital health deals drop

Venture Capital funding in the healthcare sector during the third quarter of 2017 stayed mostly in line with the previous quarter while digital health deals saw a significant drop, according to a PricewaterhouseCoopers and CB Insights MoneyTree report. VC funding during the third quarter of 2017 was directly in line with the previous quarter, but still down 6% when compared to the same quarter last year. The healthcare sector netted a total of $3.2 billion invested through 171 deals, according to the report, comprising 13% of the total VC funding for the quarter. Those numbers are down slightly from the previous quarter where healthcare VC funding comprised 15% of total funding for the quarter, and are in line with the 13% reported during the third quarter of 2016. VC funding in the digital health sector declined significantly from the previous quarter, falling 66% from the $2.7 billion reported during the second quarter to $919 million for the third. That represents the slowest quarter for digital health in 2017, according to the report. Only a single mega-round worth over $100 million was reported, with the next largest round clocking in at $50 million. The year has still been a stand-out for digital health, according to the report, with more money having already been raised in the sector during the first three quarters than was raised in all of 2016. “2017 continues to be a banner year for Digital Health VC investments, with the first three quarters exceeding the com...
Source: Mass Device - Category: Medical Devices Authors: Tags: Business/Financial News Wall Street Beat Auris Surgical Robotics CB Insights PricewaterhouseCoopers (PwC) Source Type: news