Digital Health companies have attracted more than 6,000 venture capital investors since 2010, and according to Mercom data, almost 30% of them have invested in multiple rounds.
Over the years, the digital health investment trends have also shifted from practice-centric technologies to consumer-focused technologies.
The top investors are some of the most prominent VCs. The list also includes the venture capital arm of a pharmaceutical company and the VC arm of one of the largest tech companies in the world.
Top Digital Health Investors by Dollars:
GV (formerly Google Ventures), Alphabet’s venture capital investment arm, has invested almost $2.3 billion in 50 digital health companies. GV typically invests in apps focused on healthcare data analytics, telemedicine, care, communication, fitness, and wellness. The firm’s investment portfolio includes Kindbody, Verana Health, Quartet Health, Viz.ai, and Owkin.
Sequoia Capital, a venture capital firm that invests in growth-oriented companies, has made over $2 billion in almost 50 digital health companies. Typically, the firm invests in mHealth apps, fitness trackers, analytics, and data warehousing applications. The firm’s investment portfolio includes Virta Health, Strava, Health Catalyst, Limbix, Maven, and Noom.
Founders Fund, a venture capital firm that invests in early-stage technology startups, has invested over $1.5 billion in 50 digital health companies. The firm invested in smart wearable trackers, mobile-connected medical devices, remote monitoring, and telehealth technologies. The latest investments include Siren Care, Tempo, Naked Labs, Scanwell Health, and Virta Health.
General Catalyst, a venture capital firm focused on early-stage and growth investments, invested almost $1.5 billion in digital health companies, focused on telehealth, mHealth, and wellness. The firm’s investment portfolio includes Curai, Well Dot, CityBlock Health, Roman, Livongo Health, Mindstrong, and Sprout.
New Enterprise Associates (NEA), a venture capital firm that invests across multiple industries, has invested over $1.2 million in digital health companies. Typically, NEA invests in social health, fitness, wellness, and analytics apps. The firm’s investment portfolio includes Cleo, GOQii, Tempus, WellTok, and Pager.
Khosla Ventures, an early-stage venture capital firm that invests in healthcare and technology startups, has participated in most digital health deals to date. The firm has invested almost $1.1 billion in digital health technologies, including mHealth apps, mobile wireless devices, fitness activity trackers, and data analytics tools. The firm’s investment portfolio includes Sword Health, Yes Health, Eight Sleep, Ginger, and Hello Heart.
Norwest Venture Partners, a venture and growth equity investment firm, has invested over $1 billion in digital health companies focused on wellness, fitness, telemedicine, healthcare practice management, analytics, and data warehousing. The investment portfolio includes Talkspace (formerly Talktala), NextHealth Technologies, Robin Healthcare, Omada Health, and Health Catalyst.
Kleiner Perkins, formerly Kleiner Perkins Caufield & Byers, a venture capital firm that invests in incubation, early-stage, and growth companies, has invested nearly $1 billion in digital health startup focused on telemedicine, wellness, mhealth apps, and wearable devices. The firm’s investment portfolio includes Nurx, Future, Kinsa, and Spruce.
Venrock, a venture capital firm that invests in technology and healthcare service and telemedicine startups, has invested approximately $1 billion in digital health companies. The investment portfolio includes Lyra Health, Suki (formerly known as Robin AI), Virta Health, Element Biosciences, and Kyruus.
Merck Global Health Innovation Fund (Merck GHI), Merck’s corporate venture capital division, invested almost $800 million in more than 30 digital health startups. Merck GHI invests in healthcare security software providers, connected medical devices, clinical decision support, and care and communication apps. The firm’s investment portfolio includes Strata Oncology, Livongo Health, Syapse, Ayogo Health, and Prognos (formerly Medivo).
Please email us at hit@mercomcapital.com for a complete list of investors.
