After reaching a fever pitch in 2021, digital health and healthcare funding has chilled in 2022. Increasing investor caution has dampened the market this past year.
Startup founders and private companies are facing challenging economic realities going into 2023 amid the market downturn. But there are still opportunities for innovative companies to thrive. In the past two years, many young companies led the charge in navigating the COVID-19 pandemic landscape, from virtual care to data science to new ways to deliver home health.
So, we want to know what you're made of. Beginning today, we're opening nominations for our annual Fierce 15 honorees. 2023 will mark the fifth year we've highlighted private healthcare companies that are really looking to change the face of the industry.
We want to showcase for our readers the newest ideas that could have a major positive impact on how they do business. That's what it means to be an honoree of the Fierce 15.
Take some of our previous honorees. Home healthcare company CareCentrix, which made our 2022 list, was acquired by Walgreens in October. The retail drugstore giant shelled out $392 million to take full ownership of the company after a $330 million investment last year.
Several recent Fierce 15 honorees have already reached "unicorn" status. Fertility startup Kindbody, also part of the class of 2022, scaled up its business by acquiring Vios Fertility Institute in early 2022, and the deal propelled the company to a valuation of $1.15 billion. Glen Tullman's latest venture, Transcarent, which launched from stealth in March 2021 and made our Fierce 15 2022 list, landed $200 million in series C funding earlier this year, vaulting the company's valuation to $1.62 billion.
Women's health companies that have made the Fierce 15 lists also have continued to chart strong growth. Maven Clinic, a 2019 honoree, reportedly became the first female-focused health startup to surpass a $1 billion valuation and now represents more than 15 million lives globally. Tia, which made our 2022 list, is growing rapidly and continues to nab partnerships with U.S. hospital systems to expand access to women's health. And Carrot Fertility, featured in Fierce Healthcare’s Fierce 15 of 2021, has seen its revenue grow five times in the last two years.
The editors at Fierce Healthcare have a strong track record of identifying the "fiercest" companies in the market.
Think your company has what it takes to make our 2023 list? Submit your nomination below by 11:59 p.m. on Friday, December 2.