Virtual explosion Digital health had a breakout year in 2021, with startups raising $29.1 billion in 729 deals. (Image: Chris Nicholls)

The popularity of digital health surged during the pandemic, attracting significant funding as well as patients. However, investors tapped the brakes during the first quarter of 2022. Although digital health startups attracted $6 billion in the quarter, investment fell well below the $7.3 billion raised in the fourth quarter of 2021 and the trailing 12-month quarterly average of $7.1 billion, according to Rock Health, a digital health venture fund.

“While Q1 isn’t usually a standout quarter for funding overall, in three of the five past years, Q1’s funding beat its preceding quarter,” according to a company report. “But that isn’t the case this time around.”

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