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Pandemic proves the mother of health innovation as startups raise $9B in NYC

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.
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City's Q1 health investments nearly surpass all of 2020's, New York Health Business Leaders report finds

Telehealth and care-coordination firms attracted the most capital, with 55% of the funds or $1.3 billion going to such companies, including medical transportation and digital pharmacy businesses.
Health data and analytics companies were second in the pack, attracting 14% of the funds, or $311 million. Companies that deliver patient health data and insights or deal with electronic medical records fall in this category.
Firms dealing with patient engagement were next, with 13% of the capital raised in the quarter, or $310 million. These companies help patients make better decisions about their care or navigate the system more effectively.
Rounding out the top-funded sectors were biotech (11% of the capital, or $258 million), mental health (5%, or $128 million) and insurance and benefits (3%, or $67 million). ....

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