Digital Health Ventures partnering with Big Tech
A synergy between Digital Health ventures and Big Tech giants is shaping the future of healthcare innovation. These partnerships are bridging the gap between technology and healthcare, offering solutions across various regions and stages of the patient journey.
Funding remains a crucial aspect, reflecting the industry's appeal and growth trajectory. By October 2023, the Digital Health sector had attracted over $44 billion in venture capital funding. Among these ventures, those partnering with Big Tech collectively raised a substantial $1.38 billion in the past 12 months, with a remarkable $896 million raised between February and May. Notably, April 2023 witnessed a significant milestone, with Orbital Therapeutics securing $270.0 million in a Series A funding round led by Arch Venture Partners, underscoring the increasing appetite for groundbreaking innovations.