Healthcare Data Analytics companies secured $1.8 billion in venture capital funding in 66 funding rounds in 2020. The funding increased by 13% in 2020, compared to $1.6 billion raised in 81 funding rounds in 2019, according to the latest Mercom Digital Health Funding and M&A Report.
Most of the funding went into growth/later-stage Series B and C rounds.
GV (formerly Google Ventures) and Oak HC/FT led the data analytics financing activity in 2020, with each investing in three rounds. Other investors who made multiple investments include btov Partners, Summit Partners, Insight Partners, McKesson Ventures, Section 32, Menlo Ventures, Summit Partners, and Andreessen Horowitz. Another 190 investors made one investment each during 2020.
The top ten healthcare data analytics companies secured 55% of the total $1.8 billion funding during 2020.
Sema4, a patient-centered healthcare data analytics platform, announced that funds managed by BlackRock led its Series C financing round of $121 million at a post-money valuation of over $1 billion. Including Series C round, the company has raised over $240 million since its founding in 2017.
Sophia Genetics, a genomics data analysis company, closed a $110 million Series F financing round. Sophia Genetics, founded in 2011, raised over $250 million to date. The company employs more than 300 people with an office in Switzerland and the United States.
LinkDoc Technology, which offers AI-enabled oncology data analytics, raised $102 million in a Series D+ round from undisclosed existing investors. Founded in 2014, LinkDoc Technology has raised over $250 million to date.
Biofourmis, developer of Biovitals, a personalized AI-powered health analytics platform, raised $100 million in a Series C financing. Founded in 2015, Biofourmis has raised over $150 million to date. The company employs more than 130 people with an office in Boston, Massachusetts.
DNAnexus, cloud-based genome informatics and data management software platform, closed a $100 million in Series G funding round. Founded in 2009, DNAnexus has raised over $240 million to date, according to Mercom data.
Verana Health (formerly DigiSight), a healthcare technology company focused on curating and analyzing real-world clinical data, raised $100 million in new funding, bringing the company’s total to date to almost $150 million.
Since 2010, a total of 500 Healthcare Data Analytics companies have raised over $8 billion in VC funding. Learn more.