Funding to healthcare startups globally increased modestly as most regions saw a contraction in investment, offset by North America's large boost in financings.
Global healthcare funding increased slightly in Q1’20, despite concerns due to the Covid-19 pandemic, as investors concentrated bets in mid-stage North America-based startups.
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While funding to healthcare companies was up 4% quarter-over-quarter in Q1’20, deals fell 6%.
Much of the funding increase was derived from a huge boost in funding to North America-based healthcare startups.
Funding to North America-based healthcare companies jumped 35% QoQ, versus a 42% decline in funding to Asia-based startups and a 30% drop to Europe-based startups. Further, healthcare funding to Africa, South America, and Australia-based startups jumped to record highs, with a 162% jump in Q1’20 compared to the quarter prior.
Some of the top global healthcare deals of the quarter include:
- a $493M Series C round to cellular therapy company Lyell Immunopharma in March
- a $350M PE round to Retina Consultants of America, a management service organization focused on retina practices, in March
- a $250M Series D to prescription delivery startup Alto Pharmacy in January
For more information and additional insights into healthcare funding trends, check out our State Of Healthcare Q1’20 Report: Investment & Sector Trends To Watch.If you aren’t already a client, sign up for a free trial to learn more about our platform.