WHERE Big Science, Big Tech And Big Data Converge
1 May 2023
Year-end 2022 figures from the National Venture Capital Association and Pitchbook tell the story best.
In 2006, there were 156 venture capital deals involving healthcare services and systems, a category that includes what’s come to be known as health tech. The number of deals grew gradually in ensuing years: 384 deals in 2011, 620 in 2016. By 2019 — before the onset of the pandemic — the total had breached 1,000 to reach 1,087, and that total ballooned to 1,545 deals in 2021 — essentially 10 times the number of deals reached 15 years before.