Digital health funding grew 47% for June 2013 topping $255M from $173M the previous year according to StartUp Health’s Insights Funding Report June 2013.
The report shows a total of 60 deals compared to 23 deals last year showing the significant growth in both number of deals and total digital health funding. The top three sectors for June were practice management, patient engagement, and diagnostics.
Top 5 Deals for June 2013 were:
Tools to help consumers find the right doctor and prepare for their upcoming appointment
COMS Interactive, LLC
SaaS platform and disease management for clinics
Invasive medical devices for cardiac imaging and mapping
Cloud-based medical practice management software
Data analytics and lab testing services for clinics
Other insights include:
- For June 2013 the practice management sector had 4 deals with $48M in funding, an increase in funding as overall investor sentiment has warmed up to the sub-market.
- Patient engagement received over $46M in funding for 5 startups.
- Significant investors include Piper Jaffray, Cardinal Partners, Safeguard Scientifics, and CommerceNet.
- Medivo, a StartUp Health Academy Healthcare Transformer, raised $15M in a Series B round led by Merck Global Health Innovation Fund.
See below for the full report.