Digital Health Takes Off in 2012

So far, 2012 has been a good year for the digital health world. According to Rock Health’s weekly newsletter, there is 73% more funding for digital health right now than this time last year. Rock Health created a presentation with their mid-year report, which can be found at the bottom of this post.

Some key findings from the report,  according to the newsletter, that were found in the report included:

-68 digital health companies have raised over $2M

-92 investors

-Common themes: physician tools, sensors, home health, and data

-Bay Area dominates funding, with 28% of overall funding.

There have been some significant deals over the first half of 2012. The report shows that the four biggest deals were:

  1. Castlight Health, which “enables employees to compare costs and quality of healthcare services” received $100 million in funding from T. Rowe Price and Redmile Group
  2. GoHealth, a health insurance comparison website, received $50 million from Norwest Equity Partners
  3. Kinnser Software, which creates web-based software solutions, received $40 million from Insight Venture Partners
  4. AirStrip Technologies, who created a mobile platform that records and receives real-time data from hospital monitoring systems, received $39 million from Sequoia and Qualcomm Life

The digital health industry is definitely on the rise. This reports shows that, and other interesting findings. It will be exciting to see how much the digital health world grows and changes over the next half of 2012