Hundreds of promising startups are being left behind in a market where funding has tightened, and many are quietly struggling to access the capital they need to survive and grow. At Palm, we believe mission-driven startups deserve a second chance.
According to Pitchbook, 327 digital health startups that raised funding in 2021 still haven’t raised again as of last month. In 2021, 729 healthcare startup deals totaled $29.1 billion. By 2024 (through Q3), only 379 deals raised $8.2 billion, a steep decline in volume and dollars, per Rock Health. Hundreds of promising startups are being left behind in a market where funding has tightened, and many are quietly struggling to access the capital they need to survive and grow. At Palm, we believe mission-driven healthcare startups deserve a second chance. For those having difficulty fundraising and need a partner to strengthen their financial wellness, we can step in with second-chance capital, operational expertise, and strategic guidance. We’re committed to exploring opportunities to support companies working toward equitable, effective, and sustainable solutions across healthcare and beyond. – Know a promising digital health company that needs a second chance? Reach out – we’d love to connect.