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Finn Partners has teamed with Galen Growth, a data-driven health market intelligence company, to chart the fragmented digital landscape, identify emerging trends and growth opportunities, and look beyond equity funding to explore what’s next in the fast-paced market.
They will release their first report, “Global State of Digital Health," which draws input from more than 12K health ventures, at the HLTH Conference in Las Vegas next month.
The report will show that digital health venture capital rose from $2B in 2011 to $44B in 2021. North America accounted for 46 percent of the funding value.
Gil Bashe, who is global health and purpose chair at Finn Partners, told O’Dwyer’s that it’s misguided to consider year-to-year investment totals as an indicator of the sector’s vitality.
“Funds that poured into digital health at the beginning of COVID fueled the pump of health innovation across the category—from self-care to sick care and remote patient monitoring to wearables,” he said.
He said investment remains steady in many hot hub regions for innovation but it has shifted from late-stage to early-stage digital health technologies.
He promised the Finn Partners/Galen Growth report “will cut through the hype and offer an objective perspective.”
A second report will be released at the JPMorgan Healthcare Conference in San Francisco with quarterly studies slated throughout the upcoming year.
Adam Shapiro, who helped develop FGS Global’s digital strategy, has joined Reevemark as its digital head.
Avika Dua, who was digital director for New York governor Kathy Hochul, has joined SKDK as a VP to work on both political and corporate campaigns.
Maxwell Nunes, who was director of paid media for South Bend mayor Pete Buttigieg’s bid for the Democratic presidential nomination, has joined SKDK as executive VP.
Erin Gentry, one-time US president of Hill+Knowlton Strategies, has joined digital marketing shop Acronym as COO.
TikTok CEO Shou Zi Chew has agreed to appear before the House Energy and Commerce Committee on March 23 to testify on the company’s consumer privacy and data security practices, as well as its ties with China's government.
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