Back in 2021, investors made it rain on Louisville’s health care industry, as area health care startups were able to raise more than $25 million in capital.
But this year would have been more like a light drizzle — if not for one big splash of cash.
Of the Louisville health care capital raises this year, just one surpassed $5 million, according to U.S. Security and Exchange Commission filings, while three others raised more than $2 million.
That’s a small decline from two years ago, when five area startups cracked the $2 million mark. BehaVR Inc.’s $7.2 million raise, Arcadia Communities LLC’s $5 million raise and SentryHealth Inc.’s $3.3 million capital raise topped a strong 2021 for health care investment in the Derby City. Four health care startups raised more than $2 million in 2022.
Still, while investors have slowed down, some local health care companies — particularly health tech startups — were able to line their pockets with growth capital in 2023.
To find out who raised the largest rounds of funding in Louisville’s health care industry this year, click on the slideshow below. The list is based on filings made with the SEC under "other healthcare.” It does not include capital raises not filed with the SEC.
