Two of the digital health startup funds and programs, Rock Health and StartUp Health, released their quarterly reports. While the former tracked just under a billion dollars in investment, the latter had the figure at $2.8 billion, mostly due to its more expansive methodology.
However, both companies agree that funding for the first quarter for 2019 is down relative to other recent years. Nevertheless, both see other reasons to be optimistic about digital health investment.
Specifically, Rock Health tracked $986 million of investment across 61 digital health deals in the US, which is on par with 2017, but lower than Q1 2016 and Q1 2018. It is important to note that Rock only tracks US deals, so its figures is significantly lower than that of StartUp Health. In addition, the two companies differently define digital health, with Rock excluding companies like Clover Health — which itself raised a whopping $500 million.
Meanwhile, Startup Health tracked $2.8 billion globally, or just 3.7 percent lower than their Q1 2018 figure.
Rock has identified two new digital health unicorns — Calm and Health Catalyst — and is also forecasting a few digital health IPOs this year: those from Livongo, Peloton, Change Healthcare and Health Catalyst.
Startup Health, on its end, has slightly switched focus as well as the design of its quarterly reports…