Perhaps it should be no surprise, but with the COVID-19 pandemic shining a spotlight on telehealth, and Congress putting hundreds of millions of dollars into FCC telehealth programs, venture capital funding of digital health tech deals hit a record for Q1 2020.
For Q1, the top investment category was telemedicine.
According to a new Mercom Capital Group report on M&A activity for the healthcare information technology sector, venture capital funding, including private equity, was a record $3.6 million over 142 deals through the end of March.
That was compared to $1.7 billion over 142 deals in the fourth quarter of 2019 and an increase of 79% compared to Q1 2019, when $2 billion funded 149 deals.
Among the companies investing in telehealth in Q1 2020 were Google, SoftBank and Bain Capital.
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Contributing editor John Eggerton has been an editor and/or writer on media regulation, legislation and policy for over four decades, including covering the FCC, FTC, Congress, the major media trade associations, and the federal courts. In addition to Multichannel News and Broadcasting + Cable, his work has appeared in Radio World, TV Technology, TV Fax, This Week in Consumer Electronics, Variety and the Encyclopedia Britannica.