In 2013, venture capital funding in the health IT industry reached $2.2 billion across 571 deals, according to a new report by Mercom Capital Group, Healthcare IT News reports.
Such funding nearly doubled from 2012, when there were 163 deals worth $1.2 billion.
In 2013, the mobile health care sector raised nearly $564 million, the largest share of health IT venture capital funding.
According to the report, consumer-centric health IT companies raised $1.1 billion, while personal health companies raised $198 million and social health companies raised $166 million in 2013 (McCann, Healthcare IT News, 1/14).
Meanwhile, about $1.1 billion was raised by practice-centric companies in 2013. Funds generated under this category include:
- $179 million by population health companies;
- $166 million by electronic health record companies; and
- $162 million by practice management companies.
The report also named the top five venture capital-funded companies of 2013:
- Evolent Health, which raised $100 million;
- Practice Fusion, which raised $85 million;
- Fitbit, which raised $73 million;
- MedSynergies, which raised $65 million; and
- Proteus Digital Health, which raised $45 million (Walsh, Clinical Innovation & Technology, 1/14).