Startup Monday: Latest tech trends & news happening in the global startup ecosystem (Issue 61)

According to a report by industry grouping IVCA and EY, investments into startups by venture capital funds have halved to $1.6 billion across 82 deals in the month under review – which resulted in pulling down of the overall number. On the other hand, the report highlighted that in April this year, investments classified as those for ‘growth’ recorded a three-fold jump from the year-ago period to $ 2.8 billion.

Startup Monday: Latest tech trends & news happening in the global startup ecosystem (Issue 60)

The global biotechnology services market is expected to grow from $129.14 billion in 2021 to $151.10 billion in 2022 at a compound annual growth rate (CAGR) of 17.0%. The growth in the market is mainly due to companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges.

Startup Monday: Latest tech trends & news happening in the global startup ecosystem (Issue 57)

The north American digital health market is touted to reach a valuation of USD 261 billion by 2027. The adoption of IT solutions in healthcare, and the demand for advanced treatments is increasing among patients which are creating a positive industry outlook. Also, the high prevalence of chronic diseases like diabetes and heart diseases, increasing incidence of obesity, surging demand for remote patient monitoring services, and growing patient engagement & connectivity are aiding the industry growth.

Startup Monday: Latest tech trends & news happening in the global startup ecosystem (Issue 56)

SeaX Ventures (Southeast Asia Exponential Ventures), with operations in the US & Thailand, has announced the close of its second fund to help accelerate the growth of global startups throughout Southeast Asia.