Health IT Funding Breaks Records in Q1

Health IT venture funding hit record highs in the first quarter of 2014, according to a report from accelerator Rock Health.

From January through March, investors poured almost $700 million into health IT companies, 87 percent more than was invested during the first quarter of 2013. The total investment amounts set a record for health IT funding in a single quarter.

Additionally, the average deal size in the first quarter of 2014 hit $13.1 million, up from an average of $10 million for all 2013 deals.

The top categories for funding during the first quarter this year include:

  • Payer administration ($120 million)
  • Analytics and big data ($107 million)
  • Telemedicine ($61 million)
  • Care coordination ($57 million)
  • Alternative health tools ($50 million)

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