Digital health received $6.3B shattering previous funding records of 2020

Digital health received $6.3 billion in funding in the first half of 2020, shattering all previous funding records, according to a new report from research firm Mercom Capital Group. The amount is a 24% increase from the first half of 2019. Telehealth, perhaps unsurprisingly, received the most money as the COVID-19 pandemic drove unprecedented virtual care adoption, with $1.7 billion in funds. However, the pace of funding slowed in the second quarter with $2.8 billion across 161 deals, a 23% decrease compared to the first quarter and an 11% dip year over year.