Funding for 2021 was up 150% from the previous record of $3.6 billion raised in 2020, according to the 2022 New York Healthcare Innovation Report. Digital health startups in areas including virtual care, patient engagement and mental health captured 87% of funds.
Health investing in New York City hit a historic high in 2021 as 182 health and life sciences startups raised a total of $9 billion, according to the 2022 New York Healthcare Innovation Report released Tuesday by the New York City Health Business Leaders. Investment skyrocketed “due in part to the pandemic and the implicit healthcare challenges it exposed,” the organization noted in a news release announcing the latest annual report.
