The digital health market is expected to surpass 2017 deal counts, with an increase in the percentage of mid- and late-stage deals.
StartUp Health Transformer Fund II will invest in and support companies around the world focused on health moonshots.
The company has found that Q4 2017 was the largest fourth quarter on record with $2.3B of funding raised across 227 deals.
With year-to-date funding surpassing $9.0B, all data points to 2017 ending at close to $10B, another record-breaking annual number.
The mid-year funding has surpassed the $6 billion mark, with Q2 alone bringing a staggering $3.8B into digital health startups.
The two parties plan to build an innovation portfolio, starting with up to 15 startups developing new solutions to be used with the SAP Health platform.
The multi-year program will provide resources and growth opportunities to develop a generation of health transformers.
In its year-end report, StartUp Health tracked $8 billion investments in more than 500 companies, four of which were above $400 million.
The health innovation program aims to connects digital health startups with Janssen's healthcare leadership to the benefit of both sides.
Companies selected to the program will benefit from a range of perks, including coaching and mentoring, as well as access to StartUp Health's global platform.