Digital Health Hitting Record Highs
While 2013 marked a record breaking year in digital health investment, 2014 is shaping up to be even bigger. According to a report by Rock Health, digital health investment hit a nearly $700 million during the first quarter of 2014, a new record and 87% increase over the first quarter of 213 (only accounting for deals over $2m).
-Payer Administration ($120M)
-Analytics and Big Data ($107M)
-Care Coordination ($57M)
In addition to a significant increase in digital health funding, 2014 has already seen three digital health IPOs:
-Castlight Health (NYSE:CSLT)
-Care.com (NYSE: CRCM)
-Everyday Health (NYSE:EVDY)
With Q1 behind us, the focus on digital health has far from waned. This week, Andreessen Horowitz made its first major debut into digital health, leading a $23 million series B round for Omada Health, a pioneer in digital therapeutics.
The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.