Mercom Capital Group’s www.mercomcapital.com “Q1 2015 Healthcare IT Funding and M&A Report” covers mHealth. According to the report, mobile health obtained $282 million in Venture Capital funding in Q1 2015. Funding for healthcare information technology and digital health companies in the same quarter totaled $784 million.
Mobile health companies accounted for 36 percent of total funding raised by digital health/health IT companies and they also received the largest share (65 percent) of funding among consumer focused companies with $282 million in 56 deals.
Although funding fell across all technology groups this quarter, mHealth was the only area where funding levels did not decline significantly as compared to the previous quarter. A total of 112 investors participated in mHealth funding rounds in Q1. GE Ventures was the only investor that participated in multiple deals.
Within mobile health, mHealth App companies brought in $220 million in 35 deals. Last month, FDA released the final guidance on mobile medical apps bringing clarity and certainty to the mobile health market.
Care-focused apps led with the most deals followed by fitness/wellness/nutrition apps. The focus for care apps that received funding ranged from diabetes, cancer, Parkinson’s, cardiac health, chronic disease care, medication tracking, plus other apps.
Some significant actions this quarter included:
- Advance Health, a provider of a mobile patient data capture application for managed care providers raised $40 million from Summit Partners and Noro-Moseley Partners
- ClassPass, a mobile membership app offering fitness and wellness classes received $40 million from General Catalyst and Thrive Capital
- Clinical Ink, a provider of POC mobile data capture application for clinical trials, raised $20 million from MPM Capital, F2 Ventures, FCA Venture Partners plus other investors
- Glooko, providing mobile diabetes management app and a metersync device, received $16.5 million from Medtronic, Canaan Partners, The Social + Capital Partnership, and Samsung’s venture investment arm
- Orthosensor developing sensor-based disposable orthopedic implants to help surgeons optimize placement of artificial knees and other clinical decisions, raised $19 million from Bridger Healthcare and Tullis Growth Fund
- Atheer Labs providing gesture-based 3D wearable smart glasses for use as a hands-free platform in operating rooms as well as access to medical records raised $8.8 million
Go to http://store.mercom.mercomcapital.com/healthcare-it-reports for more information on the “Q1 2015 Healthcare IT Funding and M&A Report”.