Funding & Business
State of Digital Health Q2’22 Report
After a record-breaking 2021, global digital health investment continues its slowdown in Q2’22.
Global digital health funding reached $7.1B in Q2’22 — down 32% from the previous quarter, continuing the decline from record highs in 2021. The decrease in funding and deals affected almost all sectors across digital health except for Health IT, mirroring the broader downtrend in venture funding.
Below, check out just a few highlights from our 197-page, data-driven State of Digital Health Q2’22 Report. For deeper insights, all the record figures, and a boatload of private market data, download the full report.
Q2’22 highlights across the digital health ecosystem include:
- Amid a global funding slump, Europe was the only region to see a QoQ increase in funding, boosted by Alan‘s $193M Series E mega-round.
- By region, the US raised the most in total digital health funding in Q2’22 ($4.8B), despite a 53% YoY decline.
- Total digital health unicorns broke 100 for the first time ever, even as unicorn births held steady QoQ. New entrants include Oura ($2.6B valuation), Clarify Health ($1.4B), and Biofourmis ($1.3B).
- After a slight recovery in Q1’22, M&A exits saw their most dramatic drop of the last year, falling to 83 deals — on par with 2020 M&A levels. The digital health space also saw only 1 IPO in Q2’22: Heart Test Laboratories.
- Gaingels and Insight Partners emerged as the most active digital health investors of the quarter, backing 9 companies each, followed by General Catalyst with 7.
Download our Q2’22 State of Digital Health Report to learn more about all these trends and more.
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Funding & Business
MaintainX Sees Valuation Jump To $2.5B With $150M Series D Raise
MaintainX, which operates an equipment maintenance and asset management platform, has raised $150 million in Series D funding, the company announced on Wednesday.
The financing boosts the San Francisco-based startup’s valuation to $2.5 billion, and brings its total raised since its 2018 inception to $254 million. The valuation is more than double the $1 billion MaintainX was valued at when it raised a $50 million Series C in December 2023.
Existing backers Bessemer Venture Partners, Bain Capital Ventures, Amity Ventures and others, including D.E. Shaw Ventures, participated in the latest round. It’s not clear if any one firm led the raise.
MaintainX works with over 11,000 companies globally, managing over 11 million assets across manufacturing, facilities management, food and beverage, distribution centers, and more.
CEO and co-founder Chris Turlica said his company is able to help its customers do things like cut back on unplanned asset downtime as well as parts and labor costs with artificial intelligence. The company says its approach “centers on amplifying human capability [with AI] rather than replacing it.”
The round is another example of the appetite investors have for AI-related companies. Per Crunchbase data, the recently ended second quarter was another blockbuster for AI funding. About $40 billion — or around 45% of global funding — went to the sector, with more than a third invested in Scale AI alone.
All in all, the past three quarters saw record funding to the AI sector.
And over the past year, nearly half of U.S. venture funding went to AI-related enterprises, Crunchbase data shows. Later stage had the largest share, with roughly 61% of venture deals related to AI.
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Funding & Business
Trump Reveals New Batch of Tariffs From Iraq to Philippines
US President Donald Trump unveiled a new round of tariff demand letters on Wednesday with levies set to hit in August on imported goods from partners who fail to reach agreements with the US.
Trump said he would levy a 30% rate on Algeria, Libya, Iraq and Sri Lanka, with 25% duties on products from Brunei and Moldova and a 20% rate on goods from the Philippines. The levies were largely in line with rates Trump had initially announced in April, though Iraq’s duties are down from 39% and Sri Lanka’s reduced from 44%.
Trump began notifying trading partners of new rates on Monday ahead of a deadline this week for countries to wrap up negotiations with his administration and posted to social media that he planned to release “a minimum of 7” letters on Wednesday morning, with additional rates to be posted in the afternoon. Brett Bruen, President and CEO of Global Situation Room joins to discuss. (Source: Bloomberg)
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Funding & Business
Wobensmith: There is a Strong Demand for Copper
John Wobensmith, CEO of Genco, joins Open Interest to discuss the impact of tariffs, front loading demands, and attacks on the Red Sea. (Source: Bloomberg)
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