The Medical Alley Association released their Q3 Investment Report Tuesday, revealing a record-breaking $1 billion raised in the first three quarters of 2020.
A year after raising over $1 billion in capital for the first time ever, Medical Alley companies accomplished the feat again, this time needing just three quarters to pass the $1 billion mark. In total, 58 Medical Alley companies have raised $1,015,712,605 so far this year, showing the strength of the early- and growth-stage ecosystem here and proving that 2019’s billion-dollar year was a show of ongoing growth. Digital health currently leads all sectors, having raised more than $658.6 million this year, but medical device companies are drawing substantial interest as well, with $315 million brought in so far this year.
Of the more than $1 billion raised this year, $759.3 million was raised in the third quarter alone, led by Bright Health’s $500 million Series E