Digital Health Funding Tops over $320 Million in First Month of 2013

Digital health funding tops over $320 million in January alone with 58 digital health startups receiving venture funding.

2013 has quickly established itself as a breakout year for digital health with 58 digital health startups raising a total of more than $320 million in venture funding in the first month of 2013 according to the digital health startup database from StartUp Health. The total amount in venture investments from the first month in 2013 alone shows positive signs that 2013 will be another record year in funding for digital health startups. According to recent Rock HealthReport, VC funding poured $1.4 billion into digital health companies last year up 45% from 2011.

Leading the pack of VC backed digital health startups is healthcare data warehouse platform, Health Catalyst closing $33 million in series B investment, led by Norwest Venture Partners (NVP), with participation from Sequoia Capital (the lead investor in its Series A round) and Sorenson Capital. Another big win is Audax Health, led by 23 year old founder, Grant Verstandig raising $21 million that is part of a larger $45 million fundraising effort.

Mhealth favorite, Misfit Wearables who had a big splash at the recent CES 2013 has also raised more $850k through their crowdfunding campaign on Indiegogo for their elegant wireless activity tracker.

Listed below is the list of digital health startups that have received funding thus far in 2013:

# Startup Amount Funded
1 Health Catalyst $33,000,000
2 Nant Health $31,130,000
3 SeeChange Health $15,000,000
4 Ayasdi $10,000,000
5 eHealth Global Technologies $6,000,000
6 Prodea Systems $5,950,000
7 Intuitive Health $3,380,000
8 MediGain $2,260,000
9 GloStream $1,470,000
10 Ovuline $1,440,000
11 Tango Health $1,000,000
12 Misfit Wearables $846,200
13 HealthPrize Technologies $632,000
14 Care Thread $350,000
15 Secure HealthHub LLC $200,000
16 Med2Bed $150,000
17 Nurep $20,000
18 Dovetail Care $5,000
19 Access MediQuip $46,900,000
20 Audax Health $20,960,000
21 Recondo Technology $20,000,000
22 PatientSafe Solutions $20,000,000
23 Linkwell Health $11,000,000
24 InTouch Health $8,900,000
25 FlatIron Health $8,000,000
26 BAM Labs $4,060,000
27 Stat Health Services $3,000,000
28 Health Data Vision $2,800,000
29 Eligible Inc. $2,000,000
30 InstaMed $1,500,000
31 AchieveIt Online $1,500,000
32 Kayo Technology $1,320,000
33 Ingenious Med $1,000,000
34 Shawdow Health $730,000
35 Inquisit Health $597,000
36 NewCare Solutions $475,410
37 5 O’clock Records $441,650
38 eHealth Records International $200,000
39 Community Spirit $85,000
40 Cambrian Genomics $30,000
41 DNA Guide $25,000
42 MynewMD $20,000
43 forMD $20,000
44 Kareo $20,500,000
45 Kyruus $11,000,000
46 CareCam Innovations $10,000,000
47 Independa $5,000,000
48 Synapse Inc. $3,000,000
49 Patient Conversation Media $957,620
50 Brain Sentry $680,000
51 Gain Fitness $550,000
52 Efficient Dental Market System LLC $50,000
53 Flavma $20,000
54 PadInMotion $20,000
55 TouchSurgery $20,000
56 HealthyOut $20,000
57 IntelligentM $20,000
58 DocAsap $20,000
Total $320,254,880

Source: StartUp Health Insights

With of all of the inflated hype surrounding digital health and the abysmal mHealth adoption results from the recent Pew Report, one has to wonder if there is a digital health bubble emerging. What are your thoughts?

Image credit: http://internetmedicine.com

Digital Health Funding Tops over $320 Million in First Month of 2013 by