Written by Ben Heubl, edited by Susan Williams
This year’s TechCrunch Disrupt Europe Conference in London presented the audience with more digital health innovation than ever before. Mike Butcher, Editor At Large at TechCrunch Europe expressed excitement at the increased tech startups emerging from Europe. The conference had a massive health angle, and as always, TechCrunch hackathons stimulated fantastic creativity towards building digital health solutions. Without further ado, behold these
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Startups| Digital Health | | Health IT News, Analysis, Insights - HIT Consultant
Welltok Nabs $25M to Optimize Consumer Health
Welltok, developer of the CaféWell Health Optimization Platform, announced it closed on $25 million of a planned $37 million funding round led by Bessemer Venture Partners (BVP). Welltok will close out the round later this year with a select group of innovative organizations from across the healthcare industry. The new funds will be used to further accelerate the company’s impressive growth to-date and expand into new market segments as the industry moves to a more consumer-centric approach
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Health IT VC Funding Tops $956M in Q3 2014
Health IT VC funding reached $956 million in 212 deals in Q3 2014,a decline of 46 percent in terms of dollars compared to the massive $1.8 billion in 161 deals raised in Q2 2014, according to a new Mercom Capital Group report. However, Q3 2014 was still the second highest quarter for VC funding since 2010. Total VC funding year-to-date adds up to $3.6 billion.
Consumer-focused technologies received 65 percent of all VC investments in the third quarter of 2014, with $623 million
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StartUp Health Unveils Newest Class of 13 Healthcare Transformers
StartUp Health, a global startup platform accelerating innovation in health and wellness, today announced the addition of thirteen new companies to its portfolio, bringing the total to 84 companies. The new companies represent a diverse range of sub-sectors, from big data and medication adherence to patient engagement and nutrition and includes four international companies, four based in the Midwest, and eight female founders. The New York based accelerator has the largest portfolio of digital
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Merck Global Health Innovation Fund Pumps $5M in Exostar
Merck Global Health Innovation Fund announced a $5.0 million investment in Exostar to enable them to accelerate the growth and expansion of their healthcare and life science business. Exostar’s cloud-based authentication identity hub for the healthcare industry, Secure Access Manager (SAM), connects customers with other organizations securely across large communities of users. The investment, made by the Merck Global Health Innovation Fund, will help Exostar maintain its rapid growth in these
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Why My Digital Health Startup Failed
Jeff Novich provides a rare and honest introspective look into why his digital health startup Patient Communicator, a patient portal CRM for doctors ultimately failed.
Editors’ Note: This article was originally published in January 2013 and has been republished with permission by the author.
My father is a primary care doctor. In 2009 he asked me to help build a product that would enable his patients to access him online rather than through the phone. Patient Communicator was basically a
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Cohealo Raises $9M To Bring Healthcare Supply Chain to the 21st Century
Cohealo Inc., provider of medical asset mobilization and real-time analytics for hospitals, today announced the company has completed a $9M Series A financing led by Romulus Capital and Krillion Ventures. Financing was composed of both equity and convertible-note financing and builds upon seed investment from Romulus Capital.Romulus is prominent investor in the digital health space whose portfolio investments include Aidin, Ginger.io, Fitocracy, and Docphin. The recent funding will be used to
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Blueprint Health’s Sixth Class Shines at Demo Day in NYC
Blueprint Health, a NYC based mentor-focused health technology accelerator, today announced the showcase of their Summer 2014 class of startups at their 6th annual Demo Day in NYC. This class is meaningfully changing the way patients engage with their health, from simplifying patient-provider communication (OhMD), to making it easier and more effective for patients undergoing rehab to recover (Hedway), to enabling remote monitoring for wound care (Healogram). Blueprint is a member of TechStars’
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Digital Health Funding Surpasses Over $3B in Q3 of 2014
Digital health funding has officially surpassed the $3B mark in Q3 of 2014 representing over 100% year over year growth, according to report from Rock Health, a full service seed fund for digital health startups. The report found the average deal size for the year dropped $2.5M per deal to $13.1M since the mid-year mark.
The largest funding deals in Q3 2014 include Proteus Digital Health ($52M), Teladoc ($50.3), and Chunyu ($50M). Analytics and big data startups raked in $381M leading the
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Digital Health Venture Capital: 4 Areas VCs Are Betting On
When it comes to digital health venture capital, firms are focusing on four areas where they expect significant growth activity to take place.
The year 2014 has not just started out on a good note for the digital health and health IT market, but it seems to be all set to be the best year ever. The top 20 venture capital firms have been busy right from the start of the year investing in this arena and giving a massive boost to deal activity here. A CB Insights data report indicates that funding
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