March 2013 StartUp Health Insights Funding Report

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See StartUp Health Insights (http://www.startuphealth.com/insights) for the most comprehensive digital health funding database. Apply to StartUp Health Academy here: http://www.startuphealth.com/about-us/application/

Transcript of March 2013 StartUp Health Insights Funding Report

Page 1: March 2013 StartUp Health Insights Funding Report

Prepared by:

Brian T. Edwards, Health Insights & Research Fellow

Ron Golan, Healthcare Transformer Fellow

Tanner Yager, Insights Fellow

Insights™Funding Report

March 2013

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StartUp Health Insights™ Funding Report

March 2013

Insights Monthly Stats

Mar 2013, 37 Deals:

Mar 2012, 13 Deals:

2013 YTD, 135 Deals:

22 Known Investors

Monthly Funding, Rolling 12-months

Top 5 Deals

StartUp Investor Round Amt Description

One Medical Group Series F $30M

Remedy Partners Series A $20M

Basis Series B $12M

Lincor Solutions Series A $10M

Integrity Applications Series B $7M

Disclosures:

Information, data, and figures represent publicly available data.

$557.47M

$120.38M

$107.44M

Google Ventures

Undisclosed Investors

• Personal activity monitor Basis, a StartUp Health

Academy firm, raised a significant Series B round

($11.5M) following the successful launch of their 1st

gen smart watch at the end of 2012. The 'sensor'

sector collectively raised over $22M this month.

• Eight (8) mobile health and fitness startups received a

boost from the launch of the Nike+ Accelerator, which

opened its doors to its first ten companies this month.

The companies will have access to the new Nike+

Fuelband API.

• Personalized medicine had one of its best months to

date with five startups receiving funding including

NextGxDx, Spiral Genetics, Bina Technologies, and

MetaMed.

• Top 3 Sectors: Practice Management ,

Sensors, & Payment

Edison Ventures

Undisclosed Investors

Mayfield Fund, DCM, Norwest

Venture Partners

Primary care physician search and

scheduling

Healthcare payment programs

Biometric Sensors & Software

Platform

Patient Education, point of care

Non-invasive blood glucose

monitors

$0M

$120M

$240M

$360M

Apr Jun Aug Oct Dec Feb

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StartUp Health Insights™ Funding Report

March 2013

Funding by StartUp

Startups (37) Funding Round Current Month

Total Funding by

StartUp

March 2013 Total $120.38M

One Medical Group Series F $30.00M $76.50M

Remedy Partners Series A $20.00M $20.25M

Basis Series B $11.50M $36.50M

Lincor Solutions Series A $9.50M $9.50M

Integrity Applications Series B $7.46M $11.02M

BINA Technologies Series B $6.25M $8.55M

ConnectedHealth Series A $5.00M $6.33M

Omada Health Series A $4.70M $5.50M

Iagnosis Series A $4.00M $4.00M

QPID, Inc Series A $4.00M $4.00M

Spiral Genetics Series A $3.00M $3.30M

Podimetrics Seed $2.50M $2.50M

RemitDATA Series B $2.50M $10.50M

Pathfinder Software Series A $1.50M $1.50M

PayasUgym Seed $1.40M $1.40M

Sensiotec Series B $1.00M $2.50M

NextGxDx Series A $1.00M $1.52M

Swallow Solutions Seed $1.00M $1.00M

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Funding by StartUp

Startups (37) Funding Round Current Month

Total Funding by

StartUp

March 2013 Total $120.38M

AccessHSI Series A $0.75M $1.88M

Mytrus Inc Series B $0.75M $2.85M

HealthSynch Series A $0.60M $0.93M

MetaMed Seed $0.50M $0.50M

Diagnotes Seed $0.45M $0.45M

Wellcoin Seed $0.27M $0.27M

Coupon Doc Seed $0.25M $0.30M

Clinical Healthcare Corp Seed $0.15M $0.15M

Simple Admit Seed $0.13M $0.13M

CrossTx Seed $0.05M $0.05M

DHealth Seed $0.02M $0.02M

GeoPalz Incubator $0.02M $0.02M

Incomparable Things Incubator $0.02M $0.02M

CoachBase Incubator $0.02M $0.02M

RecBob Incubator $0.02M $0.02M

Chroma.io Incubator $0.02M $0.02M

GoRecess Incubator $0.02M $0.02M

FitDeck Incubator $0.02M $0.02M

Sprout at Work Incubator $0.02M $0.02M

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StartUp Health Insights™ Funding Report

Aggregated Funding by MonthCurrent Month

Same Month,

Prior Year Growth %

MarchMarch 2013 Total $120.38M # $107.44M 12%

FebruaryFebruary 2013 Total $155.95M # $161.51M -3%

JanuaryJanuary 2012 Total $243.68M # $102.51M 138%

DecemberDecember 2012 Total $156.84M # $50.14M 213%

NovemberNovember 2012 Total $140.75M # $148.55M -5%

OctoberOctober 2012 Total $53.64M # $121.21M -56%

SeptemberSeptember 2012 Total $225.89M # $183.52M 23%

AugustAugust 2012 Total $214.96M # $121.68M 77%

JulyJuly 2012 Total $44.81M # $52.90M -15%

JuneJune 2012 Total $220.87M # $116.71M 89%

MayMay 2012 Total $351.87M # $92.61M 280%

AprilApril 2012 Total $101.50M # $52.86M 92%

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StartUp Health Insights™ Funding Report

March 2013

Rolling 12-month totals vs. Prior

Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar

2011-2012 52.9$ 92.6 116.7 52.9 121.7 183.5 121.2 148.5 50.1 102.5 161.5 107.4

2012-2013 101.5$ 351.9 220.9 44.8 215.0 225.9 53.6 140.8 156.8 243.7 156.0 120.4

Var ($) 48.6$ 259.3 104.2 (8.1) 93.3 42.4 (67.6) (7.8) 106.7 141.2 (5.6) 12.9

Var (%) 0.9X 2.8X 0.9X -0.2X 0.8X 0.2X -0.6X -0.1X 2.1X 1.4X 0.0X 0.1X

$-

100m

200m

300m

400m

2011-2012 2012-2013

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StartUp Health Insights™ Funding Report

March 2013

Sector Breakdown by Funding Total Funding Amount by Round

March 2013 Total $120.4M %

Incubator $0.2M 0%

Seed $6.7M 6%

Series A $54.1M 45%

Series B $29.5M 24%

Series C - -

Series D - -

Series E - -

Series F $30.0M 25%

Practice Management $30M 25%

Sensors $22M 18%

Payment $20M 17%

All Other $48M 40%

Total $120M

Practice Management

$30M

Sensors $22M

Payment $20M

All Other $48M

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