Health startups receive contributions equivalent to US$ 24 million in October

Giulia Keese Montanhesi
Lawyer at Marcos Martins Advogados

According to the Inside Healthtech Report, a survey by the Dataminer District, 4 companies out of approximately 577 startups focused on the health area in Brazil received amounts and contributions valued at US$ 24 million last month.

According to Revista Medicina S/A, the volume represents a 235% increase in Brazil compared to the same period last year, when US$ 7.4 million were invested.

Following the trend of fintechs and technology sectors, 2020 also brought the highest number of mergers and acquisitions of health startups (or “healthtechs”) in recent years.

In the last ten months there have been seven transactions in this sector. Many of these startups, which are showing exponential growth, are investing in innovation and exploring new markets such as telemedicine and cannabis.

Source: https://medicinasa.com.br/startups-saude-aporte/; https://conteudo.distrito.me/data-miner-healthtech

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