Local health-tech investment boom faces headwinds in 2022

Boosted by the conditions of the pandemic, city health care startups pulled in record funding from venture capital investors in 2020 and 2021—powering local hires, real estate leases and new products.

Data for the first months of 2022, however, indicates that the money is no longer flowing quite as fast as it was. But industry insiders say many of the changes that boosted investment into health technologies are here to stay.

“We may well see a slowdown, but the investment is still way ahead of where we were in 2019,” said Bunny Ellerin, president of the New York City Health Business Leaders, an industry group for health care

→ Continue reading at Crain's New York Business

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