For First Time, Single-Quarter VC Funding in Health IT Sector Tops $1B

In the second quarter of 2014, health IT companies raised $1.8 billion in venture capital over 161 deals, more than double the amount raised in the first quarter of this year and the first time the sector has raised more than $1 billion in a single quarter, according to a report from Mercom Capital.

The most money went toward mobile health companies — $401 million over 45 deals. Mobile health was followed in total deal volume by wearables manufacturers ($226 million over 17 deals) and practice management solutions vendors ($220 million in eight deals).

NantHealth, makers of a cloud-based clinical platform, brought in the most money, raising $135 million.

Since 2007, the health IT sector has raised more than $7 billion in VC funding, according to the report.

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