Healthcare Data Analytics companies received $1.3 billion in venture capital in the first nine months (9M) of 2020, according to Mercom Digital Health Funding and M&A Report. Most of the funding went into early-stage Seed and Series A rounds.
Of the $1.3 billion raised during 9M, 37% was raised by AI-powered healthcare analytics companies.
GV (formerly Google Ventures) and Oak HC/FT led the (healthcare) data analytics financing activity during 9M 2020, with each investing in three rounds. Other investors who made multiple investments include btov Partners, Summit Partners, McKesson Ventures, Section 32, and Andreessen Horowitz. Another 150 investors made one investment in data analytics companies during 9M.
The ten funding deals accounted for almost 65% of the total funding in 9M 2020.
Top funded analytics companies 1H 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.
LinkDoc Technology, which offers AI-enabled oncology data analytics, raised $102 million in a Series D+ round from undisclosed existing investors. New investors participated in the round include CICC Capital and Youshan Capital.
Biofourmis, developer of Biovitals, a personalized AI-powered health analytics platform, raised $100 million in a Series C financing. The round was led by SoftBank Vision Fund 2, with participation from existing investors Openspace Ventures, MassMutual Ventures, and Sequoia Capital.
DNAnexus, a cloud-based genomic and clinical data management software platform, closed a $100 million in Series G funding round. Perceptive Advisors and Northpond Ventures co-led the financing round, with Foresite Capital, TPG Capital, First Round Capital, Regeneron Pharmaceuticals, and GV (formerly Google Ventures), the venture capital investment arm of Alphabet.
California-based real-world clinical data analytics company Verana Health (formerly DigiSight) announced the closing of a $100 million investment round. GV (formerly Google Ventures) led the financing round with participation from new investors.
Get detailed funding and investor data by digital health categories.