Despite the turbulent moments of 2020, Israel healthtech is back on the investment map in a strong way. A sum of about $700 million dollars was invested in healthtech in the first quarter of 2021, which is already more than the $813 million made during the entire year of 2020. With the spotlight on healthcare, Israel’s technology, specifically focused on AI and deeptech, is seeing more later-stage funding rounds, proving that the startup nation is maturing.
The average funding round more than doubled in 2021, jumping from $6 million to $14 million, stated the report from Startup Nation Central. Companies that help with clinical workflow, diagnostics, and decision management are flourishing. The companies that received high investment created software or hardware that ranged from monitoring personal health to cancer tumors, as well as filling gaps for today’s rising need for remote care.
Lena Rogovin, who authored the report, writes “The strong start to 2021 shows that Israel has a lot to offer both in terms of the post-corona reality and for other areas of digital health which were less of a focus for investors in 2020, but remain essential for global healthcare industry transformation in the longer term. As the healthcare situation returns to normal, interest is starting to shift back to other parts of the sector that were a lower priority during the height of the pandemic.”
