Investing
Peter Micca, audit and assurance partner and national health tech leader at Deloitte, discusses the health tech funding and economic environment.
The medtech company will use the funds to speed up product innovation and expand its reach globally.
The announcement comes just weeks after the company reported it let go of approximately 35% of its workforce.
The femtech company also announced users can invest in the app via crowdfunding platform Crowdcube and contribute to its development.
Its latest funding will also go to building new capabilities.
After a drought in rounds worth $100 million or more over the past few quarters, Rock Health noted six in the first quarter of 2023. They made up 40% of total digital health funding in Q1.
The startup provides an app that rewards patients for completing health behaviors like taking medications or monitoring blood pressure.
Bill Taranto, president of Merck Global Health Innovation Fund, talks about the funding environment and how digital health companies can ensure investment this year.
Venture capital panelists discussed how the collapse of Silicon Valley Bank earlier this month could affect digital health at ViVE 2023.
Also, Roche and Astellas have combined their diabetes management solutions.