2019 health IT funding reaches all-time high, report finds: 4 notes

Andrea Park - Print  | 

Venture funding for digital health companies totaled more than $5 billion in the first six months of 2019, higher than any previous years' first-half results, according to a new Mercom Capital Group report.

Here are four key takeaways from the report:

1. Worldwide venture funding for digital health companies in the first half of 2019 totaled $5.1 billion across 318 deals, a slight increase from the $4.9 billion raised in 383 deals in the first half of 2018.

2. The second quarter of 2019 also broke records: Total venture capital, debt and public market financing of digital health companies during that time equaled $3.3 billion, compared to $2.2 billion in the first quarter.

3. The most-funded categories in the first half of the year were analytics ($1.1 billion), telemedicine ($896 million) and mobile health apps ($627 million). Other popular categories included wellness ($341 million), healthcare booking ($336 million) and clinical decision support ($287 million).

4. More than 800 investors have contributed funding to digital health companies so far in 2019. Among the most prominent investors are Amazon's Alexa Fund, Alphabet's GV, UnitedHealthcare's Optum Ventures and BlueCross BlueShield.

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