ARTICLE SUMMARY:
Digital technologies that enable remote healthcare are having a stellar year, with VC investments at record levels and exits accelerating. Among the various technologies that fall into this category, telemedicine is leading the way, with investments up and a recent mega-merger between Teladoc and Livongo that could transform the industry for years to come.
After a somewhat disappointing performance in 2019, venture capital investments in digital health companies roared back in the first half of 2020—thanks in large part to the COVID-19 pandemic and the newly urgent emphasis on enabling and adopting remote patient care. According to Mercom Capital Group, a total of $6.3 billion in VC money was invested in digital health worldwide in the first half of the year, which amounted to a 24% increase compared to H1 2019 and “shattered all previous H1 global digital health VC funding records.”
