The second quarter of this year was the biggest quarter ever for digital health funding, with a staggering $3.8B invested, making the quarter larger than total annual funding for 2010 and 2011 combined.
According to StartUp Health's figures, the mid-year funding has surpassed the $6 billion mark, while the entire year is set to break numerous records and eventually emerge as the biggest year yet.
Also during the first six month, StartUp Health has caught 10 deals over $100M, while the distribution of funding spans multiple subsectors from Big Data to Patient Education to Wellness and others. There were two massive spikes in March and May, with May alone bringing in $1.7B in funding across 54 different companies.
The top 10 deals all came in over $100M, and they include Grail ($914M), Outcome Health ($600M), Guardant Health ($360M), Peloton ($325M), Modernizing Medicine ($231M), Haodf ($200M), SomeLogic ($161M), Bright Health ($160M), Clover ($130M) and Alignent Healthcare ($115M).
The most active US metro areas of 2017 include SF Bay Area with $2.3B raised across 65 deals, New York City ($577M – 21 deals), Boston ($308M – 13 deals), Los Angeles ($58M – 8 deals), and Chicago ($897M – 8 deals).
Finally, top investors during the period were GV and Khosla Ventures, each with 7 deals; GE Ventures and Accel Partners with 6 deals; and Flare Capital Partner, Temasek Holdings, Sequoia and Norwest Venture Partners each with 5 deals.