The report tallies digital health funding at $2.2 billion across 125 deals in the third quarter. This represents the smallest funding quarter in the sector for all of 2022.
On top of that, it’s the lowest quarter by dollars raised in digital health since the fourth quarter of 2019 ($2.1 billion). Overall funding took a freefall, dropping 48% between the second and third quarters.
Researcher Mihir Somaiya led the report with help from Adriana Krasniansky, Megan Zweig and Bill Evans. According to the researchers, 2022 year-to-date funding totals $12.6 billion across 458 deals. They now have doubts that the 2022 total can reach half of last year’s spoils of $29.2 billion.
There have been some big digital health deal announcements, though. Amazon m…