Digital Health Funding Hits $250 Million In August, Continues to Outpace 2012

9-11-2013 9-12-37 PM

StartUp Health’s August funding report highlights some encouraging and persistent trends developing in digital health for 2013. The most important news from the report is that with $250 million in added funding, this year continues to outpace 2012 in funding levels.  August saw 54 deals this year, vs 40 in 2012.

Fitbit took the honor of top deal, raising $43 million in a Series D round led by Qualcomm Life Fund. CareCloud, a cloud based practice management solution, raised a $29 million Series B. Practice management startups represented one of the most funded segments for digital health this month, totaling out at $46 million raised.

For early stage startups, there is more to be excited about in this report than just overall funding levels. Seed and Series A represent more than half of the total number of deals funded in August. Strong early stage funding shows a healthy VC interest in the future growth of the market, and suggests that entrepreneurs in the digital health sector have a strong likelihood of getting well defined business ideas funded.

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