Medical Alley Q3 2023 Venture Report

 // Reports

December 11  

The Medical Alley Venture Report is a quarterly analysis of investment, M&A and other factors driving growth in Medical Alley®, the epicenter of health innovation and care®.

The Q3 2023 report includes information on:

  • Medical Alley Starts & Global highlights
  • Private and public markets activity
  • SBIR/STTR funding
  • Job growth in Medical Alley

Key takeaways:

  • Despite continued market uncertainty, Medical Alley companies are on pace to raise the third most venture capital Dollars since tracking began in 2012.
  • Medical Alley is outperforming many major startup hubs. YTD, Medical Alley companies raised the third most venture capital per capita in the U.S., behind only California and Massachusetts.
  • In terms of Q3/2023 only, VC activity was expectedly slower than in Q1/Q2, but there was an uptick in the number of transactions in the public markets (6) and M&A transactions (9).
  • Medical Alley companies also secured almost $22 million in SBIR/STTR funding, the highest since tracking began in 2012.
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