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| In today's Daily Pitch, you'll find: | | | | | |
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| Medtech regains some strength | | VC funding for medical tech skyrocketed to $19.7 billion in 2021 before plummeting, and funding this year could remain moderately below 2022's levels.
According to our Q2 2023 Medtech Report, deal count and value in the sector have increased since the first quarter, with a larger array of medtech categories seeing $100 million-plus VC deals—including surgical robotics and neurostimulation.
VCs are also intrigued by new technologies related to precision medicine, sleep disorder treatments and mixed-reality surgical navigation. And with improved hospital margins and robust patient interest in elective surgeries, the prognosis is good for investors to return to the space. | | | | | | | | | After $1B fundraise, Kimmeridge deals test bold natural gas strategy | |  | | (Houston Chronicle/Getty Images) | | | In a tough fundraising environment for GPs targeting oil and gas, energy investor Kimmeridge raised $1 billion for its largest fund to date. It's deploying that capital mainly on a handful of big exploration and production bets.
These recent investments follow a strategy of natural gas integration that few, if any, PE firms have attempted before. | | | | | | | |
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| PitchBook's 2023 Media Kit released | | With uncertainty across the private and public markets likely to continue, strong and insightful thought leadership is critical to your clients and prospects.
By partnering with PitchBook Media, you will have daily opportunities to reach 1.5M+ industry professionals in our newsletter, and you can broaden exposure of your brand through our core industry reports. We also help clients create custom research to share data-driven insights on the market.
Our 2023 Media Kit contains all the details to help your firm position itself in front of a VC or PE audience.
Click here to download it today or to speak to someone on the media team. | | | | | | | |
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| Can telehealth startups fill the gap in adolescent mental healthcare? | |  | | (Jenna Pluimer/PitchBook News) | | | Telehealth VC investment is down over 80% from its peak of $2.2 billion globally in Q1 2021, but investors are eyeing adolescent mental healthcare as a growing opportunity to serve an unmet need.
With studies and reports citing one in three young people struggling with mental illness and concerns over the loneliness epidemic, innovators are seeking ways to improve youth mental healthcare despite significant obstacles. | | | | | | | | | Markets continue to struggle in challenging UK economy | | Our UK Market Snapshot is the first in a new quarterly series that details trends in regional public and private markets.
Despite high inflation and interest rates, the UK economy avoided a recession in Q2 as GDP leveled out. PE fundraising was strong in the first half of the year, bolstered by mega-fund closes, and dealmaking increased from Q1 to Q2. VC deal activity was also up in Q2, and the UK government bolstered the sector with plans to direct £75 billion from pension funds to startups.
Read up on other need-to-know statistics for stakeholders, from corporate and sovereign bond yields to the top investors in private markets. | | | | | | | | | New fund data shows performance picked up in Q1 | | Fund returns in the private markets can look less volatile than reality due to infrequent valuation updates within a portfolio. Our Private Capital Indexes, now with data as of Q1 2023, looks back and revises returns data in previous quarters to give a more accurate risk assessment.
In Q1, positive performance was recorded across all seven monitored asset classes for the first time in four quarters. The average return across private equity, venture capital, real estate, real assets, private debt, funds-of-funds and secondaries funds was 1.3%. | | | | | | | | | | This tomato sauce is delicious. It's also worth billions of dollars. [The Wall Street Journal]
Wall Street turns to AI to solve a WhatsApp compliance nightmare. [The Information]
Peloton looks to jump-start growth by becoming a workplace perk. [Bloomberg] | | | | | |
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| | Since yesterday, the PitchBook Platform added: | | 364 Deals | 2132 People | 575 Companies | 14 Funds | | | | | | |
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The Daily Benchmark:
2015 Vintage Global PE Funds with $250M-$500M | | | | | | |
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