Funding & Business

Funding to the telehealth space is at an all-time high — here’s what’s driving the boom

Published

3 years ago

February 23, 2022

The pandemic has driven telehealth funding to new heights — and investment hasn’t slowed down. Below, we discuss the sector’s market drivers as well as emerging themes and their key implications.

Telehealth usage skyrocketed at the onset of the Covid-19 pandemic. US telehealth visits increased 154% YoY in the last week of March 2020, according to the CDC.

Now, 2 years into the pandemic, telehealth has become a key part of care delivery, and equity funding to startups in the space is at an all-time high.

In 2021, equity funding to telehealth companies reached nearly $18B, a 57% increase from 2020’s total. Mega-rounds ($100M+) largely contributed to the growth. For example, weight loss platform Noom and online pharmacy Ro both raised $500M+ rounds. Mental health startup Lyra Health also raised a $200M mega-round from Coatue Management and Sands Capital.

The telehealth space shows no signs of slowing down. In this brief, we’ll look at:

The topline findings & implications for this growth
The market drivers underlying this boom
The categories receiving the most attention

To dig into all of the underlying data in this brief, sign up for a free trial to CB Insights here.

Telehealth

Companies developing, offering, or using electronic and telecommunication technologies to facilitate healthcare delivery from a distance.

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Funding & Business

Samsung Posts First Profit Drop Since 2023 After AI Chip Delays

Published

31 minutes ago

July 7, 2025

Yoolim Lee

Samsung Electronics Co.’s profit shrank more than expected after encountering hiccups in plans to sell cutting-edge AI memory to Nvidia Corp.

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Funding & Business

Restructuring Pressure Rises in Italy and Nordics, BCG Says

Published

1 hour ago

July 7, 2025

Rose Henderson

The number of firms under pressure to overhaul or restructure their businesses has risen sharply in Italy and the Nordics, putting both large companies and their supplier networks at risk, according to a report by Boston Consulting Group.

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Funding & Business

WNBA Liberty's Valuation Fuels Barclays Center Expansion

Published

2 hours ago

July 7, 2025

The Editors

After spending about $3.3 billion to gain control of a Brooklyn-based sports empire, owners Joe Tsai and Clara Wu Tsai have won their first title. Now they want to keep expanding. BSE Global, the parent company of the Nets, Liberty and Barclays Center that the Tsais acquired in 2019, has a strategy to make Brooklyn a bigger destination, which will help build a larger fanbase.
The expansion initiative is eclectic, including a wine club, online magazine and potential investments in nearby performance venues, and eventually restaurants and hotels. The Tsais will also shift their focus to another team that needs attention- The Brooklyn Nets. Sam Zussman aims to build on that. He joined BSE as CEO two years ago after more than 15 years at IMG, a conglomerate that includes a media company and events manager. Zussman joins and Bloomberg News Global Business of Sports Reporter Randall Williams to discuss what’s next for Brooklyn sports. (Source: Bloomberg)

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