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
