Venture Capital Investment in mHealth Grows 35%
Venture capital investment in mHealth technology has increased 35 percent, from $229 million between January and August of 2012 to $310 million during the same period this year, according to an article by Cayenne Consulting.
In 2013, the biggest recipients of VC funds were smart-pill manufacturer Proteus Digital ($62 million) and fitness tracker companies Fitbit ($43 million) and Withings ($30 million), according to the report.
"Overall, we believe healthcare will be revolutionized by mobile, and we are bullish on the macro-economic impact from venture-backed startups," said Rajiv Chand, managing director and head of research at Rutberg and Company, the firm that conducted the initial research for the article.
"The tremendous innovation in mobile health startups is impressive," he said in the report.
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