(MENAFN- PR Newswire)
Health tech private funding i n 2024 reached approximately $1.2 billion, demonstrating sustained momentum with a modest decline from the $1.6 billion raised in 2023. Digital health led the sector, attracting $545 million, followed by medical devices at $380 million and pharma/biotech at $262 million.
A notable trend in 2024 was a significant increase in the average funding amount per deal. Reaching $4.6 million across 102 rounds, this figure is more than twice the 2023 median of $2.16 million across 150 rounds. This suggests a shift towards larger, more impactful investments within the health tech landscape.
To provide a holistic view of the evolving health tech landscape, we included a dedicated section for the most prominent early-stage startups that have secured the largest pre-seed and seed funding rounds across digital health, medical devices, and biopharma including:
AISAP (Digital Health): raised $13 million in seed funding to develop and commercialize its AI-powered ultrasound platform, for improving the accuracy and efficiency of cardiac ultrasound examinations.
DreaMed Diabetes (Medical Devices): secured $3 million in funding and strategic partnerships to develop its AI-powered platform endo solution for personalized insulin treatment.
Promise Bio (Pharma & Medical Biotechnology): $8.3 million to advance precision medicine with epi-proteomics and AI to predict therapy response.
This map also features the top investors for 2024 including, Peregrine with 15 investments this year, eHealth Ventures is an incubator and VC firm with 8 startups in 2024 and Iron Nation is a non-profit organization, also stood out with their support of early stage ventures that address global health challenges.
2024 witnessed several exit activities , with the medical devices sector leading the way includin, among others: Innovalve Bio Medical (Medical Devices) by Edwards Lifesciences, V-Wave (Medical Devices) by Johnson & Johnson, C2i Genomics (Medical Devices) by Veracyte, and more.
View Israel's Health Tech Top 100 of 2024 landscape map here .
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SOURCE Startup Nation Central
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