MD Fazal Mustafa’s Post

The sentiment "move fast and break things" that is often applied to startups doesn't work when it comes to healthcare - and that's a large part of the reason Healthworx offers the resources and support burgeoning health companies need to survive and thrive. Doba Parushev, managing partner at Healthworx, gives the full story in this Becker's Healthcare article on the two main reasons Healthworx is backing startups: "A big part of what we do at Healthworx is try to bridge those two worlds — the established, trusted, important work we do at CareFirst, with the much faster, dynamic, visionary, sometimes crazy but important work that startups do." When it comes to credibility and the ability to create lasting change in healthcare, it's critical to know the importance of what you're building. Our mission in backing an accelerator program that supports launching new healthcare-focused AI companies is to provide the kind of protection and perspective that is essential to work in this industry. Learn more in the full article below!

💡 2024: A Big Year for Digital Health Startups! 🚀 In the U.S., the digital health sector is experiencing a resurgence in 2024, raising $5.7B in the first half of the year through 266 deals. The landscape is vibrant, especially for early-stage funding, focusing on AI applications in healthcare, chronic condition management, and behavioral health. Despite M&A challenges, private equity is rallying to support startups with robust growth strategies. Exciting times for health tech innovation! #DigitalHealth #HealthTech #Startups #AI #HealthcareInnovation

#Digitalhealth, like many areas of technology, hasn't had an easy time of it over the last year or so. But, as the attached article points out, data from the first half of 2024 seems to show that things are getting better: - US digital health startups raised $5.7B across 266 deals (compared to 244 in H1 2023) - 3 startups went public in Q2 (compared to NO digital health IPOs in 2023) And of note, #AI-based startups attracted 34% of the total investments https://lnkd.in/eBwF_Pek

Healthtech funding dropped 85% in 2024. Largest round? Just $14.2 million. Half of all deals? Series A or earlier. What's going on? Post-pandemic reality check: 1. "Tourist" investors left 3. High valuations are correcting 3. Remaining investors are more careful But here's the thing: This shift creates opportunities for startups who can adapt. ................................... Smart startups are: 1. Refining their approach 2. Seeking strategic partnerships 3. Connecting with knowledgeable investors Capital JDI is helping innovative healthtech companies navigate these challenges. and also to connect with investors who truly get your vision. Message me to see how we can collaborate #JDI #CapitalJDI #StartupFunding #FutureOfHealth #VentureCapital #Healthtech https://lnkd.in/gaztfAnx

How to Start a Healthcare Startup in UK? https://bit.ly/4ckw2iE #healthcarestartup #healthcareindustry #startup #healthcaretechnology #healthcareappdevelopment #healthcaresoftware #uk #hyperlinkinfosystemuk

Quick overview of the VC funding landscape in 2024: Crunchbase published this insightful article about how Global VC Funding isn't slowing down but isn't increasing either. "Of the $22 billion invested in startups globally last month, around $2.4 billion, or 11%, went to about 1,000 seed-stage companies. Around 500 early-stage companies raised $9 billion globally in April. And more than 150 companies from Series C onward raised $10.7 billion, representing about 49% of funding last month, Crunchbase data shows. Those amounts are in line with funding at those stages in April 2023." Top sectors for funding in April were Biotech & Healthcare, with companies in the space raising $5.7B (26% of all funding globally). Largest startup funding round in April was $1B to stealth startup Xaira Therapeutics from drug development using AI. Link to the full article below: https://lnkd.in/erHGK9Gm hashtag #venturecapital hashtag #vc hashtag #venturecapitalfunding hashtag #vcfunding hashtag #funding hashtag #startups hashtag #AI

CareFirst’s Healthworx Launches New Healthcare Accelerator for Startups - HIT Consultant #HealthworxAccelerator Launches to Support Healthcare Startups CareFirst's Healthworx has introduced a new accelerator program aimed at nurturing healthcare startups. The initiative aims to provide resources and mentorship to emerging companies in the healthcare industry. #Program Overview The Healthworx Accelerator program offers startups access to industry experts, funding opportunities, and a network of healthcare professionals. Participants will receive guidance on product development, market strategy, and scaling their businesses. #Application Process Interested startups can apply to the program by submitting their business plans and undergoing a rigorous selection process. Selected companies will have the opportunity to work closely with CareFirst's Healthworx team to refine their ideas and accelerate their growth. #Benefits for Startups Participants ai.mediformatica.com #health #healthcare #healthworx #accelerator #startups #equip #funding #healthcareindustry #healthcarestartups #investment #launch #partnership #digitalhealth #healthit #healthtech #healthcaretechnology @MediFormatica (https://buff.ly/4cMqvSA)

Digital health funding is bouncing back, with U.S. startups raising $5.7 billion across 266 deals in the first half of 2024, potentially exceeding totals from 2019 and 2023. While larger companies remain cautious with acquisitions, private equity firms are stepping up, acquiring ten startups in early 2024 compared to nine in all of 2023. Read more: https://bit.ly/4bxz3vm.

The digital health startup market is recovering after a tough 2023. US digital health startups raised $5.7 billion in the first half of the year, according to a report from digital health strategy group and venture fund Rock Health. “Funding momentum (especially at the early stage) and the tapering of transition measures like unlabeled rounds hint that we might be returning to more ‘normal,’ sustainable venture patterns,” Rock Health researchers wrote in the report. Read more: #digitalhealth #health #healthcare #digitalhealthfunding #VC