Digital health funding has pass the $3 billion mark in the first three quarters of the year, up from $2.3B since midyear. According to Rock Health’s data, total 2014 dollars raised has steadily increased in Q3 with over 100% YoY growth, though the growth slowed in the third quarter compared to Q2, and is more in line with Q1.
The average deal size for the year dropped $2.5M per deal to $13.1M since the midyear mark. However, the average deal remains 31% larger than 2013 (when looking at venture funding data that includes deals above $2M).
The top three deals in the third quarter were diverse and included Proteus Digital Health ($52.0M), Teladoc ($50.3M) and Chunyu ($50.0M).The top three deals in the third quarter were diverse and included Proteus Digital Health ($52.0M), Teladoc ($50.3M) and Chunyu ($50.0M).
In the US, California continues to dominate the digital health funding space, representing 37% of all funding year to date. Together, New York and Massachusetts account for the following 20% of funding dollars, taking the silver and bronze after California.
The 2014 is expected to finish off strong and continue to provide digital health companies with capital to make an impact in healthcare.