Palm Venture Studios’ Post

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.

The funding climate is tough for many startups at the moment but especially for digital health startups. We're long past the golden days of 2021, when investor money poured into everything related to healthtech and digital health. Today investors are much more sombre, and when you start digging into what is challenging digital health startups these days, you can kinda get of sense of why that is. I have written a bit about it following my attendance at this years health.tech conference in Munich, Germany, and I am keen to hear, what your perspective is on what is needed to drive conviction to keep investing in this otherwise very exciting industry? https://lnkd.in/d-hiTDKk #digitalhealth #venturecapital #fundraising #strategy

#Investment in #early-#stage health tech #startups climbed in the first half of 2024, report shows Health tech investors have been pouring money into early-stage startups as more mature companies with inflated pandemic-era price tags struggle to raise funds. Series A health tech startups collected $1.7 billion in funding across 109 deals in the first half of this year, according to Silicon Valley Bank’s midyear report. That’s around $100 million more than the first half of last year. Median valuations for Series A deals also grew to $44 million, compared to $38 million in 2023. Meanwhile, mid-stage Series B and Series C health tech startups are raising much smaller sums in extension rounds, Julie Ebert, Managing Director of SVB’s National Life Science and Healthcare team, told Endpoints News in an interview. The small boosts are meant to get the startups into the next year, so they could potentially raise at a higher valuation. https://lnkd.in/dvVdCS7g

After a challenging year for healthcare investments, Q2 2024 marked a significant resurgence in venture capital funding for NYC-based startups.   Last year saw a slump in healthcare investments, with many startups struggling to secure necessary funding. Fast forward to now and 8 of the top 17 rounds, highlighted in AlleyWatch's article, show funding injections to Healthcare related companies, bringing renewed optimism and growth to the industry.   Notable raises include: 🏥 SmarterDx securing $50MM from Transformation Capital and Bessemer Venture Partners as they develop automated pre-bill review tech to help hospitals maintain revenue integrity, delivering $2MM NRR/10,000 patient discharges. 💸 adonis raising $31MM to drive better revenue outcomes and lower the administrative burden on your revenue cycle operations.   This renewed investor confidence highlights the critical role of healthcare startups in driving future advancements. The momentum is building, and it’s an exciting time for innovators, investors, and professionals in the healthcare space.   Congrats to all those receiving funding - the buzz around the NYC HealthHub is certainly back!   Keen to meet in the city? Drop me a note and we can go for a coffee, on me!   #HealthTechMeetUp #StartupFunding #NYCStartups 

🚀 Last week EIT Health Summit 2024 in Rotterdam, we were discussing startup investments in Central and Eastern Europe (CEE). 📈 Fun Fact (not funny at all, though...) - Central and Eastern Europe (CEE) accounts for only 3.2% of Europe’s overall venture capital investments. Startups in the region, on average, received €1.2M in venture capital investment. This is a significant figure, yet it's only ONE THIRD of the European average of €3.8M. 🔍 This data highlights the need to bridge the funding gap to reach the European average. 🤝 EIT Health seems very determined to build a supportive ecosystem for CEE startups to thrive! #StartupFunding #CEE #EITHealthSummit #HealthTech #feyenally

Avoiding funding missteps is crucial for digital health startups navigating the competitive ecosystem. Whether you're a seasoned entrepreneur or a newcomer in the field, learning from others' experiences can be invaluable. This article delves into common pitfalls and offers actionable insights to help startups secure funding effectively. From understanding investor expectations to crafting a compelling pitch, every step counts on the journey to success. Don't let funding challenges derail your innovation. Learn, adapt, and thrive in the dynamic landscape of digital health startups. Read the full article from the link in the comments. #DigitalHealth #StartupLife #FundingTips 🌱💰

⏩Accelerator in numbers 📊 What a ride it has been so far! EIT Health InnoStars Challenge-based Acceleration program has been full of learning and growth. Our startups spent hours and hours in webinars, mentoring and coaching sessions, learning every step of the way. ⏹ At the beginning of this program, we selected the TOP 9 from a pool of nearly 100 healthcare startups to participate in the accelerator program.  ⏹ They were guided by 21 mentors, coaches and challenge owners from Roche, consisting of top world experts in healthcare innovations, marketing, sales, communication, and pitching. ⏹ Altogether, our experts led over 120 mentoring and coaching sessions, sharing their valuable experience and expertise with the startups. ⏹ And we believe that their innovative solutions will help countless people all over the world! 🔥 Join us on Thursday, 11th April at 6 pm CET to see these promising HealthTech startups from CEE and SEE pitching their solutions. Don't hesitate, and register here. https://lnkd.in/d5-QEWSj 🌟 More information about the program and startups here: https://lnkd.in/dWQmk3TY #Startups #StartupAccelerator #InnovationChallenge #RocheSlovakia #HealthcareInnovation  #Innovation #HealthTech #DemoDay #EITHealth #Roche #Civitta #StartupDemoDay

Health-tech startup Watch Your Health has raised $5 million in Series A funding. The investment was co-led by Cornerstone Ventures and Singapore-based Conquest Global. The funds will be used to expand the company's operations, user base, and technological infrastructure. This investment will support Watch Your Health's domestic and international growth, allowing it to provide more comprehensive healthcare solutions to a wider audience. The company's platform provides users with personalized health recommendations, access to medical professionals, and tools for tracking their health and wellness. Watch Your Health has seen rapid growth in recent years, and this investment will allow it to continue to expand its reach and impact. #startupupdates #startupchile #startupzip

The digital health startup market is recovering after a tough 2023. US digital health startups raised $5.7 billion in the first half of the year, according to a report from digital health strategy group and venture fund Rock Health. “Funding momentum (especially at the early stage) and the tapering of transition measures like unlabeled rounds hint that we might be returning to more ‘normal,’ sustainable venture patterns,” Rock Health researchers wrote in the report. Read more: #digitalhealth #health #healthcare #digitalhealthfunding #VC

📢Many digital health startups are quietly raising down rounds and closing up shop. Here's why -- " ✅Hundreds of healthcare startups haven't raised fresh venture funding since 2021. ✅Now VCs say many digital health startups are cutting their valuations to live another day ✅Investors said numerous startups were quietly folding, while others hope to get bought out. This year's new funding reality hasn't given all the healthcare darlings a seat at the table. The healthcare startup Forward abruptly shut down this month after raising a $100 million Series E last November for its AI "doctor in a box," a bet marked by numerous logistical and financial challenges. Many more startups are quietly struggling — cutting their valuations, selling off assets, or closing their doors without any announcement, investors told Business Insider." Source https://lnkd.in/dx3Bk6ZU ❓What are your thoughts on this ❓ #DHADailyDigitalHealthNews #DHADailyDigitalHealthTrends