Dive Brief:

Digital health funding in 2025 is tracking ahead of last year as outsized fundraising rounds boosted the sector’s investment total, according to a report by Rock Health.

In the third quarter, U.S. digital health startups raised $3.5 billion in venture capital funding across 107 deals. Funding for 2025 so far reached $9.9 billion, exceeding last year’s $8.4 billion raised through the third quarter, the venture capital firm and consultancy said.

But startups are inking fewer middle-stage deals and avoiding rounds with a series label, Rock Health researchers wrote. Meanwhile, the sector is seeing a growing number of rounds worth $100 million or more, often backed by large, well-known investors.

Dive Insight:

Startups notched fewer funding rounds in the third quarter compa

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