Connect with us

Technology

Healthtech Sector Investment Shows Resilience and Early Recovery in 2024; Silicon Valley Bank Releases Fifth Edition of Future of Healthtech Report

Published

2 years ago

on

Healthtech Investments Surpass Pre-Pandemic Levels, Stabilizing Between $3.5B and $4.5B Per Quarter in 2024

SAN FRANCISCO, Oct. 16, 2024 /PRNewswire/ — The healthtech sector is experiencing a recalibration in valuations, as the industry is showing signs of early recovery with investments stabilizing and artificial intelligence (AI) driving new growth, according to the 2024 Future of Healthtech Report from Silicon Valley Bank (SVB), a division of First Citizens Bank. Despite ongoing market volatility and macroeconomic uncertainty, healthtech investment in 2024 is on a positive trajectory, hovering between $4.0 billion and $4.5 billion per quarter and surpassing pre-pandemic levels.

The 5th edition of SVB’s Future of Healthtech Report provides a detailed analysis of the healthtech market, including investment trends, sector evolution, and the growing importance of AI and value-based care in reshaping healthcare. It also explores the challenges companies face in finding their next round of capital or an exit as investors and acquirers have become more discerning.  Despite these challenges, the report indicates that healthtech remains a hotbed for innovation, with investments in Provider Operations and Alternative Care leading the sector. 

“We are witnessing a transition from the inflated valuations of 2021 and 1H-2022 to more sustainable investment practices,” stated Julie Betts Ebert, Managing Director of Life Sciences and Healthcare Banking at Silicon Valley Bank. “AI is playing a crucial role in streamlining administrative workflows, and companies that can demonstrate a clear return on investment are driving the sector forward.”

Additional findings from the Future of Healthtech 2024 report include:

Healthtech Key Data Points

Dollars raised in the first eight months of 2024 (January through August) have already exceeded the totals for all of 2019.In 2024, 42% of healthtech investment rounds were seed rounds, up from 21% in 2019, with a median deal size of $3.8M.Of all US healthtech deals $5M and above, 35% were undisclosed and at least 12% were down rounds, the highest proportion in recent years.Thus far in 2024, we have yet to see a deal over $500M, where each of the prior five years had at least one deal of $500M or more.

AI Investment by the Numbers

Overall funding for AI-focused healthtech attracted $4.8 billion, with AI-focused administrative healthtech generating 2.4 billion in funding.50% of 2024 healthtech AI investment has been administrative, compared to 37% clinical, and 13% R&D.There have already been more investments in healthtech companies leveraging AI in 2024 than in any prior year. AI valuations in healthtech are up 50% from 2019 values.Tempus, with its $411M IPO in June 2024, showed that taking a significant valuation haircut could be a worthwhile price of admission into the public markets. Since going public, Tempus has seen total returns of 48% as of August.

Ebert, along with Jackie Spencer, Head of US Relationship Management for Life Science and Healthcare and other SVB leaders, will be at the upcoming 2024 HLTH conference. 

Learn More
To read the complete Future of Healthtech 2025 report, click here:
The Future of Healthtech Report 2024 | Silicon Valley Bank (svb.com)

A leader in providing market insights about the innovation economy, SVB has produced 10 new market reports to date in 2024. For the complete library of SVB’s signature reports, please visit Market Research Industry Trends & Insights | Silicon Valley Bank (svb.com)

About Silicon Valley Bank
Silicon Valley Bank (SVB), a division of First Citizens Bank, is the bank of some of the world’s most innovative companies and investors. SVB provides commercial and private banking to individuals and companies in the technology, life science and healthcare, private equity, venture capital and premium wine industries. SVB operates in centers of innovation throughout the United States, serving the unique needs of its dynamic clients with deep sector expertise, insights and connections. SVB’s parent company, First Citizens BancShares, Inc. (NASDAQ: FCNCA), is a top 20 U.S. financial institution with more than $200 billion in assets. First Citizens Bank, Member FDIC. Learn more at svb.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/healthtech-sector-investment-shows-resilience-and-early-recovery-in-2024-silicon-valley-bank-releases-fifth-edition-of-future-of-healthtech-report-302277452.html

SOURCE Silicon Valley Bank

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Onward Accessibility’s Catherine Sherry Named in SIA’s 2026 40 Under 40

Published

2 minutes ago

on

June 9, 2026

By

Annual SIA list recognizes emerging leaders and innovators shaping the future of the staffing industry

FAIRFIELD, Conn., June 9, 2026 /PRNewswire-PRWeb/ — Onward Accessibility is proud to announce that Catherine Sherry, Director of Growth and Advocacy, has been recognized on Staffing Industry Analysts’ (SIA) 2026 40 Under 40 list. In its tenth year, SIA’s prestigious annual recognition honors emerging leaders under the age of 40 making significant contributions in the staffing and workforce solutions industry. Honorees are selected for their proven track records of navigating technology-driven change, expanding enterprise relationships, and leading their organizations into new sectors.

“Cathi has played a tremendous role in helping build Onward Accessibility and continues to grow our footprint as a leader in the industry.” – Ken Clark, CEO, Onward Group Holdings

After joining Onward Search as a Senior Technology Recruiter, Sherry helped launch the organization’s digital accessibility practice and grow it into Onward Accessibility, a dedicated brand that combines accessibility services with staffing support. She has since risen through the ranks and was recently named Director of Growth and Advocacy. Sherry is also CPACC-certified, a long-time IAAP member, and a passionate advocate for digital inclusion and inclusive hiring.

“We are all so proud of Cathi for this amazing achievement,” said Ken Clark, CEO of Onward Group Holdings, a platform of specialized talent brands that includes Onward Accessibility. “This is such a well-deserved honor and a great reflection of Cathi’s hard work, passion and commitment to the digital accessibility community. Cathi has played a tremendous role in helping build Onward Accessibility and continues to grow our footprint as a leader in the industry.”

“This year’s 40 Under 40 honorees are helping reshape the staffing industry,” said Ursula Williams, President of SIA. “They’re embracing AI and innovation to solve workforce challenges and strengthen client relationships while continuing to lead with the trust, responsiveness and, most importantly, human connection that remains central to their business.”

Sherry’s recognition underscores both her personal dedication to advancing digital accessibility and Onward Accessibility’s growing leadership in the industry. In recent months, the organization has released several free resources, including its 2026 Digital Accessibility Salary Guide, Digital Accessibility RACI Matrix, and Leveraging AI for Digital Accessibility webinar, to help professionals and teams embrace digital inclusion.

SIA’s 2026 40 Under 40 list is now available online and will be featured in the July/August issue of Staffing Industry Review magazine.

About Onward Accessibility:

Onward Accessibility provides flexible services and expert talent to help leading companies achieve their digital accessibility goals.

From executing strategic initiatives to hiring skilled professionals, the organization supports its clients at every stage of the accessibility journey. Beyond staffing, its comprehensive suite of offerings includes strategy, audits, remediation, and more.

Born from Onward Search, Onward Accessibility is now part of Onward Group Holdings, an award-winning family of specialized talent and workforce solutions companies. To learn more about Onward Accessibility, visit onwardaccessibility.com.

Media Contact

Steven Dobrowski, Onward Accessibility, 1 2032101447, sdobrowski@onwardsearch.com, https://onwardaccessibility.com/

View original content to download multimedia:https://www.prweb.com/releases/onward-accessibilitys-catherine-sherry-named-in-sias-2026-40-under-40-302795789.html

SOURCE Onward Accessibility

Continue Reading

Technology

Dye & Durham Announces Voting Results from Special Meeting of Shareholders

Published

2 minutes ago

on

June 9, 2026

By

TORONTO, June 9, 2026 /CNW/ – Dye & Durham Limited (“Dye & Durham” or the “Company”) (TSX: DND), a leading provider of cloud-based legal practice management software, today announced the results of voting at its special meeting of shareholders held on June 9, 2026 (the “Meeting”) that sought shareholder ratification, confirmation and approval of the Company’s shareholder rights plan (the “SRP”), which took effect at 5:00 pm (Toronto Time) on April 8, 2026.

At the Meeting, shareholders ratified, confirmed and approved the SRP, with approximately 99.5% of shares represented at the Meeting voting in favour. Details of the voting results are available in the Company’s report of voting results, which is available under the Company’s profile on SEDAR+ at www.sedarplus.ca.

ABOUT DYE & DURHAM

Dye & Durham Limited provides premier practice management solutions empowering legal professionals every day, delivers vital data insights to support critical corporate transactions and enables the essential payments infrastructure trusted by government and financial institutions. The company has operations in Canada, the United Kingdom, Ireland, Australia, and South Africa.

Additional information can be found at www.dyedurham.com.

SOURCE Dye & Durham Limited

Continue Reading

Technology

Broadridge Appoints Todd Diganci to its Board of Directors

Published

2 minutes ago

on

June 9, 2026

By

NEW YORK, June 9, 2026 /PRNewswire/ — Broadridge Financial Solutions, Inc. (NYSE: BR), a global Fintech leader, is pleased to announce the appointment of Todd Diganci as a member of its Board of Directors, effective August 1, 2026. Following his appointment, Broadridge’s expanded Board will consist of 10 members, eight of whom are independent. Mr. Diganci will serve on the Audit Committee of the Board.

“I am thrilled to welcome Todd, who is an accomplished financial executive with expertise in the securities industry. As the financial services industry continues to transform, his expertise will help ensure that Broadridge remains at the forefront of innovation as we continue to provide the infrastructure and technologies to support our clients’ growth and ultimately, enable better financial lives,” said Eileen Murray, Chairperson of Broadridge’s Board of Directors.

Mr. Diganci is a financial executive and strategic leader with deep expertise in U.S. securities regulation. From 2017 through June 2026, he served as Executive Vice President, Chief Financial Officer, and Chief Administrative Officer of the Financial Industry Regulatory Authority (FINRA). In this capacity, he provided enterprise-wide financial and administrative stewardship for one of the foundational regulatory institutions anchoring the U.S. securities markets. His role included oversight of FINRA’s finance, human resources, and its credentialing, registration, education and disclosure (CRED) operations.

Prior to 2017, Mr. Diganci held positions of increasing responsibility at FINRA, serving as Corporate Controller then Chief Financial Officer. During a period of significant regulatory and market transformation, he expanded the scope of FINRA’s CFO role to include enterprise risk management and corporate strategic leadership. Committed to financial literacy, he also serves on the Board of Directors of the SIFMA Investor Education Foundation.

“I am privileged to join Broadridge’s Board of Directors and to contribute to a company at the forefront of financial technology and market modernization,” said Mr. Diganci. “Broadridge’s dedication to driving innovation across capital markets and corporate governance is outstanding. I look forward to collaborating with the Board and executive leadership to help guide the company through its next chapter of strategic expansion and long-term value creation.”

About Broadridge

Broadridge Financial Solutions (NYSE: BR) is a global technology leader with trusted expertise and transformative technology, helping clients and the financial services industry operate, innovate, and grow. We power investing, governance, and communications for our clients – driving operational resiliency, elevating business performance, and transforming investor experiences.

Our technology and operations platforms process and generate over 7 billion communications annually and underpin the daily average trading of over $15 trillion in tokenized and traditional securities globally. A certified Great Place to Work®, Broadridge is part of the S&P 500® Index, employing over 15,000 associates in 21 countries.

For more information about us, please visit www.broadridge.com 

Investors

broadridgeir@broadridge.com 

Media

Gregg.rosenberg@broadridge.com

Related Links

http://www.broadridge.com

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/broadridge-appoints-todd-diganci-to-its-board-of-directors-302795811.html

SOURCE Broadridge Financial Solutions, Inc.

Continue Reading

Trending