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title: "fintech: kinda dead"
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| Shell 🤝 Google. Unicorns scatter. Catching up to Mayo.   View in browser July 18, 2024 Howdy, partner Hi there,    Here is this week's Hot or Not.   Hot: Shell activity   Shell is the most active oil & gas company across tech investments, acquisitions, and partnerships in our latest analysis of energy leaders' activity here.     It’s consummated 160 deals since 2021, including 123 partnerships and 34 investments. For example, Google signed its largest offshore wind power purchase agreements (PPAs) with Shell and its collaborator Eneco in February 2024.  CB Insights customers can see which key tech priorities Shell and 14 other O&G leaders are focusing on here.   Not: New fintech unicorns   The number of new fintech unicorns (startups valued at $1B+) has slowed to a crawl.    Last quarter saw just 2.   In Q2’21 for comparison, 49 new fintech unicorns were birthed. Get the data in our latest State of Fintech Q2’24 Report. Hot: GenAI copilots in healthcare   Which US health systems are best prepared for the AI shift? Mayo Clinic leads in AI readiness. Its AI deal-making activity highlights some areas where the tech is picking up steam in healthcare.   For example, at the end of 2023, it backed a round for genAI-powered clinical documentation startup Abridge.   Other evaluated health systems that have backed Abridge include Kaiser Permanente, Mass General Brigham, UPMC, and Lifepoint Health.   The company is part of a broader cohort of genAI copilots gaining attention for helping doctors speed up admin tasks like note-taking. Dive deeper into the space here.   Not: Early-stage digital health deals   There is markedly less early-stage activity in digital health in 2024.   YTD, we’re at 51%.   Historically, early-stage deals have been ~65% of deals. This trend has played out across major geographies globally.   Fewer seeds planted in a sector is not good over the medium- to long-term as well.   Explore investment activity in our State of Digital Health Q2'24 Report.   I love you.   Anand  @asanwal  P.S. Beyond digital health and fintech, what’s happening in the venture market more broadly? Dive into trends playing out across the entire venture landscape with our analyst. Get started with CB Insights Start your free trial CB Insights' emerging technology insights platform provides all the analysis and data from this newsletter. Our data is the easiest way to discover and respond to emerging tech.  Was this email forwarded to you? Sign up here Copyright © 2024 CB Insights, All rights reserved. 498 7th Avenue, NY, CB Insights, New York,10018 About Us \| Update Preferences \| Research \| Newsletter |
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