Mercom Capital Group, a communication and research firm released its report on the VC funding in digital health where digital health companies stood at $2bn from 149 deals for the first quarter of 2019. Since 2010, digital health companies have raised $37 bn in VC funding.
This evaluates with $1.4 billion across 142 deals recorded during the sequential fourth quarter of 2018, according to a report by Mercom Capital Group.
The total corporate funding for digital health companies – including VC, debt and public market financing amounted to $2.2 billion in Q1, 2019, the report said.
“Funding levels were down compared to last year in digital health, in the absence of larger deals. M&A activity was also flat. However, digital health public equities experienced a turnaround in Q1 with 66 per cent of them beating the S&P 500, compared with Q4 2018 when 63 per cent of the equities we tracked performed below the S&P 500, said Raj Prabhu, CEO of Mercom Capital Group.
The favorable market conditions have prompted several companies to announce IPO plans, he added.
|Top Funded Healthcare Categories in 2019||Amount un USD|
|mHealth apps||$392 million|
|Healthcare booking||$177 million|
|Clinical decision support||$107 million|
|Wireless mobiles||$90 million|
|Healthcare IT service providers||$80 million|