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Illustration: Sarah Grillo/Axios

The money was flowing in digital health in the first half of this year, already outpacing funding rounds in the entirety of 2020, according to a new report from Rock Health.

The big picture: Digital health funding is accelerating — in the total number of deals and in size.

For instance, in the first six months of 2021, $14.7 billion in funding went to companies in 372 rounds.

  • That is up from $14.6 billion in 2020 on 460 deals. It's also up from $7.7 billion in 2019 on 383 deals.
  • The average deal size in the first half of 2021 was $39.6 million in funding with 48 mega-rounds or rounds of $100 million or more.
  • The average deal size in 2020 was $31.7 million with a total of 44 mega-rounds and the average deal size was $20.1 million with a total of 11 mega-rounds in 2019.

Among the largest rounds in the first half was $540 million in a Series F round by weight loss company Noom. It was also one of the largest single rounds in digital health history, Rock Health said.

Go deeper

Rent the Runway dresses up IPO filing

Photo: Pavlo Gonchar/SOPA Images/LightRocket via Getty Images

Rent the Runway’s IPO filing on Monday is selling both a story of a post-pandemic rebound that investors can get in on early — and one of eye-popping losses that even greatly massaged non-GAAP metrics can’t hide.

Why it matters: Venture-backed companies have gotten pretty good at going public and selling investors on their ongoing lack of profits. But Rent the Runway is turning up the dial.

Virginia energy giant quietly boosts McAuliffe

Former Virginia Gov. Terry McAuliffe speaks during a campaign rally on Oct. 15 in Henrico, Virginia. Photo: Win McNamee/Getty Images

Virginia Democrat Terry McAuliffe has sworn off money from the Richmond company Dominion Energy. But the utility has found more subtle ways to back McAuliffe's gubernatorial bid, records show.

Driving the news: Dominion's political action committee has donated $200,000 to a murky political group called Accountability Virginia PAC, a group with ties to prominent Democrats that's been running ads attacking Republican candidate Glenn Youngkin from the right.

3 hours ago - Technology

Race and technology in America

Illustration: Annelise Capossela/Axios

The technology industry is famously determined to change the world — but its efforts to diversify its workforce and remove bias from its products haven't changed nearly enough.