Rock Health 2012 Midyear Funding Report

DIGITAL HEALTH FUNDING
2012MIDYEAR REVIEW
A R O C K R E P O R T B Y

Rock Health is powering the future of the digital health ecosystem, bringing
together the brightest minds across disciplines to build better solutions. Rock
Health funds and supports startups building the next generation of technologies
transforming healthcare.
Rock Health partners include Aberdare Ventures, Accel Partners,
Fenwick & West, Genentech, Harvard Medical School, Mayo Clinic,
Merck, Microsoft, Mohr Davidow Ventures, NEA, Nike, P&G, Qualcomm,
Quest Diagnostics, Silicon Valley Bank, United Health and UCSF.
For more information, visit rockhealth.com
About
REPORT
We wanted to know more about startup funding of the digital health space. This
report sources data from Capital IQ, CrunchBase, NVCA and the Rock Health
funding database.
Caveat: we are not professional white-paperistas, just curious advocates
who like to share knowledge and further the discussion around the
evolving digital health space.
Produced by
Halle Tecco, Rock Health
Amy Puliaﬁto, Rock Health
Nick Mathers, Sharp Labs
Edison Zhang, NEA
this

January
February
March
April
May
June
July
August
September
October
November
December
$5
$47
$167
$250
$305
$390
$462
$569
$626
$727
$797
$956
Only includes companies receiving $2M+ in venture funding
2011
Cumulative funding in millions

January
February
March
April
May
June
July
August
September
October
November
December
$55
$215
$253
$344
$569
$739
$771
$991
$5
$47
$167
$250
$305
$390
$462
$569
$626
$727
$797
$956
2012
Only includes companies receiving $2M+ in venture funding
2011
Cumulative funding in millions
73% more investments
than this time last year
on track for a record year
in digital health funding

68+ digital health companies
raised $2M+ in 2012

B2MD
5 deals
$17M
B2B
40 deals
$405M
B2C
23 deals
$250M
FUNDING BY
BUSINESS MODEL

FUNDING BY
BUSINESS MODEL
2011
2012
0% 2500% 5000% 7500% 10000%
B2B B2C B2MD
B2B businesses are majority of funding,
B2C grows slightly in 2012

LARGEST DEALS
enables employees to compare costs
and quality of healthcare services
$100M
T. Rowe Price, Redmile Group
$50M
Norwest Equity Partners
health insurance comparison website
$40M
Insight Venture Partners
$39M
Sequoia, Qualcomm Life
web-based software solution for home
health agencies
mobile, real-time data from hospital
monitoring systems

NOTABLE SEED DEALS
$1.5M
HealthTechCapital
$1.2M
InterWest, Felicis
$1M
Khosla Ventures
$750K
Founders Fund
patient-provider communication tool
cross-platform mHealth apps for women
mobile, at-home disease diagnosis
instant audio and video consultations
with doctors

COMMON THEMES
Physician
Tools
Home
Health
Sensors Data

PHYSICIAN TOOLS
workﬂow management tools for urgent care practices
electronic health record platform
HIPAA-compliant mobile messaging network for providers
healthcare connectivity and integration solutions

wearable body monitoring products
stretchable silicon for the microelectronics industry
personalizes therapy by connecting it to your mobile device
turns any smartphone into a clinical-quality ECG recorder
ultra-compact wireless wearable sensors that automatically
tracks activity data
SENSORS

HOME HEALTH
web-based software for home health agencies
telemedicine solutions
patient engagement solutions

DATA / ANALYTICS
industrial-scale data analytics to solve complex care,
treatment and cost challenges
tailored integration services and
technology solutions
enables employees to compare costs and quality of
healthcare services

3M Aberdare Aeris Capital Alsop Louie Partners Ascension Health Ventures
Ashby Point Capital Austin Ventures Avalon Ventures Ben Franklin Technology
Partners BIP Opportunities Fund Blue Cross Blue Shield Venture Partners
Bluﬀ Point Associates Burrill & Company C&B Capital Canaan Partners
Cardinal Partners Catamount Ventures CHL Medical Partners CHV Capital City
Hill Ventures Claremont Creek Ventures Comcast Ventures Competitor Group
Connecticut Innovations Council Capital Draper Fisher Jurveston ePlanet
Draper Triangle Ventures Early Stage Partners Easton Capital Emerald Stage 2
Ventures Felicis Ventures First Round Capital Founders Fund Foundry Group
Four Rivers Group Franchise Growth Group Glengary Global Investment
Greylock Hatteras Venture Partners Health Enterprise Partners
Heritage Healthcare Innovation Fund Heritage Group HLM Ventures InCube
Ventures Insight Venture Partners iRobot Corp Jafco Ventures Khosla
Ventures Kleiner Perkins Merck Global Health Innovation Fund Milestone
Venture Partners Miramar Venture Partners Mitsui & Co Motorola Solutions
Venture Capital National Healthcare Services NEA New Atlantic Ventures New
Enterprise Associates New Leaf Venture Partners New Science Ventures New
World Venutres NJTC Venture Fund Norwest Equity Partners Oklahoma Life
Sciences Fund OpenView Venture Partners Osage Ventures PJC Capital
Premera Blue Cross Primus Capital Funds Qualcomm Ventures Redmile Group
S3 Ventures Sandbox Industries Sequoia Capital Sigma Partners SoftTech VC
Solidus Spark Capital T. Rowe Price The Running Company The Social+Capital
Partnership Top Tier Capital Partners Tribeca Venture Partners True Ventures
U.S. Bank National Association Venrock Vital Financial West Health Investment
92 VC ﬁrms invested
in digital health in 2012

2012 TOP STATES FOR
DIGITAL HEALTH FUNDING
State # Deals Total $ Invested % of Overall
Funding
California 18 $222M 33%
Texas 7 $104M 15%
Illinois 4 $86M 13%
Pennsylvania 5 $47M 7%
Georgia 3 $38M 6%
Massachusetts 6 $37M 6%

Rock Health 2012 Midyear Funding Report

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