The World's 5 Most Valuable Healthtech Unicorns

The global boom in unicorns doesn' seem to be slowing down. There were 1,050 private companies with a valuation of over $1 billion as of March 2022. Here are the five most valuable healthtech unicorns in the world, according to CB Insights. None are more than seven years old. Figures are as of March 11, 2022.

- KUDAKWASHE MUZORIWA

1. Devoted Health

Valuation: $12.6 billion

Total funding raised: $1.99 billion

Country: U.S.

Established: 2017

Devoted Health, a health a insurance company targeting seniors, was co-founded by brothers Todd and Ed Park in 2017. It had around 40,000 members as of June 30, 2021, more than double the 18,000 it had in the first half of 2020. It raised $1.15 billion in a Series D funding round in October 2021, which was co-led by Uprising and SoftBank Vision Fund 2 and attracted other investors including GIC, Andreessen Horowitz, ICONIQ Growth, Maverick, and General Catalyst. The startup reported revenues of $247.3 million in the first half of 2021, a 128% compared to the same period in 2020.

2. Tempus

Valuation: $8.1 billion

Total funding raised: $1.05 billion

Country: U.S.

Established: 2015