Digital Health Funding Grows with more than $630M invested in Q1 2015
Digital health funding reached a yearly total of more than $4B in 2014, matching the total of the previous three years combined! The growth of funding in this space does not seem to be slowing down either as Q1 of 2015 experienced a 80% YoY growth with more than $630M invested. Seed and Series A rounds accounted for more than 60% of the deals while Series B rounds accounted for another 21% of the investment fund placements.The top 6 categories that received funding were the following: analytics/big data, healthcare consumer engagement, digital medical device, population health management, digital diagnostics and EMR/clinical workflow tools. This quarter also experienced record growth in the M&A activity with 42 deals announced. An impressive amount of activity considering there were a total of 95 total M&A deals in all of 2014. There is no question that as the digital health industry continues to grow; it will continue to capture the attention of investors and acquirers.Orb Health recently raised $650,000 in seed round, coming from a handful of investors, including Health Wildcatters, Green Park and Golf Ventures, Marco Mena, Michael Cope and others, according to a company statement. Visit Orb Health News & Press for the latest on investment news and product developments.
About Orb Health
Care Management as a Service™ rapidly provides tech-powered, and data-driven remote contact centers as a scalable virtual extension of the practice to deliver care management programs as a guided service without adding staff, apps, or infrastructure.