Leaping From Seed To Series A For Digital Health Startups Proves Difficult

"The leap from raising seed funding to landing a Series A was difficult for RxRevu CEO Carm Huntress, as it typically is for many in the digital health space.
Although Denver-based RxRevu secured a $5.3 million seed round in 2016, it would take another three years before the company scored its Series A in 2019 via a $15.9 million round led by UCHealth.
The company helps prescribers identify the most cost-effective medications for patients at the point of care. But the company isn’t alone in experiencing difficulty moving from seed to Series A.
Securing next-stage funding in the digital health sector is difficult for several reasons: The health care industry is complex, product market fit has to be right, sales cycles are long, and gathering enough data is difficult..." Lire la suite