Health IT Startups Raise Nearly $850 Million in First Half of 2013

Rock Health releases its 2013 Midyear Digital Health Funding Report, which covers health startup funding rounds of greater than $2 million since the start of 2013. The year continues to set records in number of deals and total invested. So far, there have been 25 percent more $2 million-plus deals than at this time in 2012, though the pace of investment growth has started to show signs of slowing.

Ninety companies have closed $2 million rounds in digital health thus far this year, with the top five deals representing nearly 20 percent of the total capital invested. They were:

  • Proteus Digital Health – $45 million Series F for smart pill technology.
  • Health Catalyst – $41 million Series B for data warehousing services.
  • Watermark Medical – $32 million for an at-home sleep apnea test.
  • NantHealth – $31 million for a secure, cloud-based advanced technology network.
  • HealthTap – $24 million for health Q&A platform.

Remote patient monitoring ($102 million) and big data analytics ($78 million) led digital health in investments. California led the nation in investment activity, followed by Massachusetts and New York.

With a lack of available seed funding, startups have started turning to investment platforms like Kickstarter, AngelList, and Indiegogo for early funding. Indiegogo reported a 2,779 percent increase in health campaigns between 2011 and 2013.

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