Digital health funding in Q3: 6 things to know

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Digital health funding continues to trend upward, with this year projected to be the biggest year yet, according to StartUp Health, a health innovation company that invests in entrepreneurs.

Here are six findings from StartUp Health's Q3 2016 insights report.

1. In the third quarter of 2016, there were close to $2.4 billion in digital health deals, about half of which were international.

2. Digital health funding this year has already reached $6.5 billion, surpassing 2015's total $6.1 billion.

3. There were 523 digital health funding deals in 2015, and so far this year there have been 394.

4. The three largest digital health funding deals were in the patient/consumer experience space. Medical services app Ping An Good Doctor and diabetes management platform Onduo both received $500 million in investments, and parent questions website BabyTree raised received $480 million.

5. Additionally, the patient/consumer experience subsector raised the most capital so far this year, at $2.53 billion. There have been 101 deals within this subsector. The second most active subsector is wellness, which has raised $918 million to date.

6. The most active U.S. metro areas investing in digital health are the San Francisco Bay Area ($1.2 billion in 79 deals), New York City ($868 million in 46 deals) and Boston ($704 million in 17 deals).

Click here to download the full report.

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