Health and wellness technology has received a big boost from venture capital.
“VC deal activity within this space has spiked significantly,” with $8.3 billion worth of venture capital deals in 2020, PitchBook analysts said in a new research report. That’s 70 percent more than enterprise-oriented companies within enterprise health and wellness received in 2019 and the most venture funding they’ve obtained in at least a decade, according to the report.
The most active venture capital firms in enterprise health and wellness tech since 2018 include Oak HC/FT, F-Prime Capital, and Echo Health Ventures, while the top private equity firms in the area since 2008 include Warburg Pincus, Francisco Partners, and Blackstone Group, the report shows. PitchBook, which tracks private-market data, projects the valuation of the sector will double to $1.3 trillion by 2025, from $640 billion at the end of June.
DXY completes USD 500 million financing, to enhance its professional role in healthcare sector
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HANGZHOU, China, Dec. 29, 2020 /PRNewswire/ On December 28, DXY, a leading digital healthcare technology company in China, announced the completion of a USD 500 million financing. This financing was led by Trustbridge Partners, and followed by Tencent Investment and GL Ventures. Li Tiantian, Founder and Chairman of DXY, said that the company will, driven by both two ends – physicians and the public, strengthen collaboration with professional doctors and enterprises, so as to give play to the expertise of all sides and be a guide for healthy life.