Total funding in healthcare, healthtech and lifesciences reaches $332 million
Funding hikes by 291 per cent for healthcare and pharma in April 2024, 1045 per cent higher than last year
As per data by Tracxn.com, 86.2 per cent funding in April occurred in the late stages.
Total funding in the healthcare, healthtech and lifesciences space saw a sharp spike to $332 million, over 15 rounds in April 2024. Funding was 1045 per cent higher from April 2023 ($29 million). When compared to the previous month, a hike of 291 per cent was observed from March 2024, when the total funding was at $85 million.
This is the highest observed number since November 2023 ($500 million)
In terms of stage-wise funding, the majority of it occurred in the final stages (86.2 per cent), followed by 12.2 per cent in the early-stage and 1.5 per cent in the seed-stage.
The biggest deal was secured by API Holdings, raising $216 million. Alkemi Growth Capital, Bharat Innovation Fund and Tomorrow Capital were the most active investors during the month, participating in one round each.
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