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Venture capital deployed · 2026 YTD
Sector market cap
Largest raise · trailing 12mo
Catalysts ahead · next 12mo
Companies tracked
Mega-rounds ($200M+) dominate 2025–2026: Oura Series E ($900M), Whoop Series G ($575M), Verily growth ($300M), Abridge Series E ($300M). Median early-stage rounds remain $20–70M. Seed and Series A funding compressed, while growth/late-stage capital surged past 12 months.
Capital heavily concentrated in Series D–growth stage. Oura, Whoop, Abridge, Aidoc, Hippocratic AI, Innovaccer raised $2.9B across late-stage rounds in past 18 months. Seed funding nearly absent. Series A–B activity minimal. Reflects mature cohort maturing, not sector breadth.
General Catalyst, Andreessen Horowitz, Fidelity Management lead repeat deals. Newer mega-ticket players: Avenir Growth, Collaborative Fund, Goldman Sachs Alternatives, Series X Capital entered 2025–2026. Traditional tier-1 VCs (Kleiner Perkins, Sequoia, Tiger Global) quiet on recent rounds; corporate/growth PE dominate.
Health-tech’s ambient AI moment is arriving—but its clinical value is still up for debate.
Health-tech’s AI adoption is being driven by necessity, not strategy—and the gap is showing.
Health-tech’s AI momentum is colliding with a governance vacuum—and the winners will be the ones who build trust, not just tools.
Health-tech’s AI integration gap isn’t technical—it’s cultural, and the winners will be the ones who train the trainers.
As of 2026-08-01