While the financial markets have taken a hit during the COVID-19 pandemic, the health technology market continues to thrive.
After a record-breaking first quarter in digital health investment, the strong performance continued in the second quarter with investors sinking $4.2 billion into digital health, according to a report from investment firm Startup Health.
Total health innovation funding for the first half of 2020 hit $9.1 billion, up nearly 19% compared to $7.7 billion invested during the same period in 2019, the firm reported.
Startup Health looked at publicly available data through June 30 on seed, venture, corporate venture and private equity funding.
Funding in the second quarter of 2020 was down slightly compared to $4.4 billion in the second quarter of 2019. The first half of 2020 was buoyed by a surge in funding in January, which hit $2.2 billion before the COVID-19 health crisis impacted the U.S.