Big data and analytics were top winners in digital health venture funding in the first half of 2016, according to a new Rock Health report that pegs total venture funding so far at more than $2 billion. Population health management, electronic health records and clinical workflow tools also ranked high on the list.
Analytics and big data companies, for instance, raised a combined $300 million in funding.
“This category has been a buzzword in technology for some time, but we continue to be excited about the impact of large-scale data science in healthcare,” Rock Health’s Mitchell Mom and Ashlee Adams wrote in the report.
Following analytics and big data, the top draws of the year so far included: wearables and biosensing, population health management, personal health tools and tracking, EHR and clinical workflow, and digital medical devices.
“In a year when everyone expected funding to decline, digital health has been as steady as ever and accounted for a healthy 8 percent of total venture funding,” they noted.
The first half of 2016 had a record-breaking 151 companies raise more than $2 million. NantHealth had the lone IPO, creating almost $1.5 billion in market capitalization.
Jawbone closed the second-largest round of the year, bringing its total amount raised to just under $1billion. The company dropped other business lines to focus on health products.
Roche led Flatiron’s funding, the largest deal of the year at $175 million. There were also late-stage deals for Health Catalyst and Proteus .
Other high profile deals so far this year include Quartet Health, which raised $40 million from Google Ventures, Pathway Genomics, which raised $40 million from IBM. Livongo, Glen Tullman’s startup, raised $49.5 million in a round led by Merck Global Health Innovation Fund.
Rock Health gave a shout out to new investors UPMC and Heritage Group, and noted that stalwarts like GE Ventures and Google Ventures were surprisingly inactive.
This article was originally published on www.healthcareitnews.com and can be viewed in full
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