NEW YORK – Digital health funding is on track to have its biggest year on record, with more than $6 billion invested in digital health companies already in 2017, according to a mid-year report by StartUp Health.
“We anticipate this year to be the biggest yet as huge deals continue to trend more frequently,” the report’s authors said.
The report cited more than 10 deals at over $100 million in the first half of 2017, spanning sectors that include Big Data and analytics to patient education and wellness.
“Investors continue to find health innovation to be an exciting opportunity to deploy capital,” the report’s authors said.
The report found the largest deal yet to be $914 million for early cancer detection startup Grail. It also reported that the most active metro markets for digital health funding were the San Francisco Bay area, New York and Boston.