The report found the following:
- Investments were fairly split between consumer-facing and provider-facing companies. Developers of technology for healthcare practices raised $460 million in venture capital funding across 60 total deals, and consumer product vendors raised $398 million across 103 deals.
- Among provider-facing companies, the areas that received the most funding include practice management ($124 million across eight deals), health information exchange ($78 million in two deals) and data analytics ($43 million in seven deals).
- Most of the consumer-facing investments went to mHealth companies ($198 million in 61 deals). Telehealth companies received $79 million across 14 deals.
- Of the 163 deals in Q1, 65 were investments of under $2 million in early-stage or startup companies, including 29 instances of accelerator or incubator funding.
- Dedalus Group, a practice management software vendor, had the largest deal in Q1, bringing in $89 million in a single raise.
- Khosla Ventures was the firm that invested in the most companies (three) during Q1.
- By state, California was the site of the most deals (42) in Q1.
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