Rebecca Torrence’s Post

In the first quarter of 2024, digital health startups experienced an increase in the number of deals closed, signaling a positive shift in funding trends despite lower average deal sizes. Investors are focusing more on metrics like proven outcomes and healthy margins rather than projected growth rates. AI-focused startups comprised a significant portion of the deals closed, with some opting for unlabeled funding rounds. Read more in Healthcare Brew: https://bit.ly/49yXtDO.

🔝 While recently formed AI-driven start-ups that are solving staggering administrative challenges in the U.S. healthcare system dominated recommendations, they also mentioned several slightly older, non-AI-focused businesses. Great to see Abridge, CodaMetrix and Memora Health among those companies listed. 🚀 #digitalhealth #satigo #medtech #ai #startups #healthcare

Interesting read on where #DigitalHealth #startups are going. Some great #AI usecases. The focus on reducing #administrative #burden is quite evident, highlighting the #efficiencygaps and related #opportunities in #healthcare.

Thrilled to share that our Frist Cressey Ventures portfolio companies, CodaMetrix and Memora Health, have been highlighted by TechCrunch as two of the most exciting digital health startups of 2024. Read more about what sets these two innovative companies apart at the link below: https://lnkd.in/gNYVTwrt #healthcare #digitalhealthcare

-In Q1 2024, U.S. digital health startups raised $2.7 billion across 133 deals, reflecting a decrease from previous quarters -AI-led digital health firms drew significant attention, securing $1.1 billion, representing 40% of the quarter's total funding -Despite a challenging economic landscape, the focus has shifted towards startups that demonstrate strong outcomes and value for investment, emphasizing the importance of solid performance metrics over mere growth potential. #digitalhealth #healthcareai #venturecapital

According to Rock Health, "Digital health founders and investors are a resilient and adaptable bunch, and H1 2024 showed fruits of their labor. $5.7B was deployed across 266 digital health startup raises in the first half of the year, meaning 2024 could potentially outperform 2023 if investment pace holds. Emerging startups and AI solutions commanded funders’ attention—with early-stage deals (Seed, Series A, and Series B) accounting for 84% of labeled raises, and 34% of total sector funding going to startups leveraging artificial intelligence." https://lnkd.in/eCN52Rn7

Digital health startups have changed unexpectedly across VC funding centers. This leaves many wondering how exactly the overall patient experience will be impacted by this. Healthcare is a sector that many patients find extremely difficult to navigate. Individual hospitals, providers, and insurers all have separate tools and communication infrastructures to store patient data and interact with patients digitally. This means there is a huge opportunity for health tech companies to simplify the patient experience while managing data and infrastructure demands appropriately, regardless of how VC trends are shaping up. #HealthStartups #VentureCapital

Hey there, and welcome to Startup Countdown. Today we'll be counting down three startups in Healthcare. Number three, Ascertain. Ascertain is a groundbreaking collaboration between Northwell Health, the largest healthcare provider in New York, and Aegis Ventures, an innovative startup studio. This unique partnership melds medical, tech, and business expertise to establish a one-of-a-kind platform for healthcare innovation, targeting quality, equity, and cost challenges. They’ve raised $107.4 million. Ascertain is led by CEO Vipin Bhatia Number two, Hippocratic AI. Hippocratic AI creates large language models that prioritize safety in patient-facing applications without diagnostic capabilities. Unlike other models that rely on potentially unreliable information from the internet, Hippocratic AI prioritizes obtaining accurate healthcare content through legal channels. They’ve raised $118 million. Hippocratic AI is led by CEO Munjal Shah And number one, Zephyr AI. Zephyr AI is a rapidly growing healthcare technology company dedicated to transforming conventional methods of drug discovery and precision medicine. The company works closely with leading health systems, insurance providers, and biotechnology companies to improve Quality, Outcomes, and Costs. They’ve raised $129.5 million. Zephyr AI is led by CEO Nicholas Scholz That's it for this week's Startup Countdown. Tune in next week, and don’t forget to follow, like, and share.

Digital health funding is on the rise! According to Emily Olsen from Healthcare Dive, U.S. digital health startups have raised $5.7 billion across 266 deals in the first half of 2024, signaling a significant rebound in the sector. Companies like Nuvo Cares, Tempus AI, and Waystar have made successful public exits, showing promising growth and potential for the industry. Read more about the latest trends and insights from Rock Health's report. https://lnkd.in/egUJqkXj #HealthTech