The CB Insights report notedthere are currently 37 health care unicorns, with a total value ofover $92 billion. (Photo: Shutterstock)
Investment in med-tech startups grew at a strong pace in thethird quarter of 2019, according to a new report from CB Insights.The consulting firm's "Global Healthcare Report Q3 2019" highlightedrecord-breaking growth in deals, skyrocketing investment in AIfirms, and significant developments in areas such as cannabis companies, virtual primary carepartnerships, and investments in microbiome and women's healthstartups.
Record number of deals
According to the report, 2019 is on pace to set a record forstartup funding deals. "Health care companies globally have raisedover 3,400 rounds this year and are on pace to exceed 4,500annually for the first time. Companies have raised over $37.5billion through the first 9 months of 2019," the report said.
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