Digital Health New York (DHNY) Releases the 2025 New York Healthcare Innovation Report
Funding in 2024 rebounded with a 60% increase over prior year
Report includes New York Digital Health 100 (DH100) recognizing the most exciting and innovative health startups in the New York region as well as newly launched Hall of Fame
New York, NY (February 6, 2025) – Digital Health New York (DHNY), a dynamic community of CEOs, entrepreneurs, investors, payers and providers driving digital health in New York, today released its 2025 New York Healthcare Innovation Report. This annual publication highlights the key trends, opportunities and strategies shaping New York’s thriving digital health ecosystem.
In 2024, funding rebounded with an increase of 60% over 2023. Biotech and care delivery/coordination accounted for half the total. 79% of the deals were for late-stage companies (vs. early-stage funding). In the fourth quarter alone, we saw funding of $1B with 28 deals.
The report’s key themes include the transformative potential of AI and the critical role of strategic partnerships in driving sustainable, impactful healthcare solutions. In addition, the report includes new insights from the annual State of New York Digital Health research, conducted in partnership with AlleyCorp, which underscores the optimism within the New York digital health community, with 71% of respondents anticipating an active M&A market in 2025. It also highlights perspectives from DHNY Summit, an invitation-only event that brought together the leaders and visionaries who are driving digital health in New York.
“As I reflect on 2024, I am struck by the resilience and innovation that define New York’s health ecosystem,” said Bunny Ellerin, co-founder and CEO of DHNY. “Despite ongoing market challenges, our community achieved remarkable growth this past year, and there’s a palpable sense of optimism about what we can expect in 2025.”
DHNY Unveils DH100 and Hall of Fame
Within the report, DHNY also announced its New York Digital Health 100 (DH100), the annual list of the most exciting and innovative health startups in the New York region. In 2025, the DH100 includes 48 new startups – an exceptional class of innovators tackling healthcare’s most pressing challenges.
For the first time, DHNY introduced its DHNY Hall of Fame, recognizing the pioneers who built the foundation of our thriving ecosystem, including Maven, Noom, Oscar, Spring Health and Ro, to name a few. These trailblazers have not only demonstrated exceptional innovation and impact but have also set the standard for excellence in the industry.
“The DH100 companies represent the future of healthcare innovation. At the same time, our Hall of Fame honors the foundational organizations that make today’s successes possible,” continued Ellerin. “Together, they showcase the extraordinary depth of talent, as well as an entrepreneurial and collaborative spirit that continue to position New York as a global leader in healthcare.”
To download a copy of the New York Healthcare Innovation Report, please click here.
About Digital Health New York (DHNY)
Digital Health New York (DHNY) is a connected community of digital health leaders who share ideas, spark new directions and create success across the entire ecosystem. As an organization, we seek to increase the visibility of New York City as a leader in healthcare innovation and showcase the companies and leaders creating the future of healthcare. Our flagship event, DHNY Summit, brings together an elite group of entrepreneurs, investors, payers, providers and executives to cultivate the New York digital health community and drive impactful conversations around the current and future state of digital health. DHNY was founded in 2022 in collaboration with AlleyCorp. For more information or to join DHNY’s mailing list, please visit www.dhny.co.
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