Digital health companies that make everything from digital medical devices to designing electronic medical records and software platforms for managing care delivery scored well in terms of winning venture capital money last year.
Digital health startups had a stellar 2013 shattering all previous records for fundraising. Last year, these companies, raised a total of $1.97 billion from venture capitalists, a 39% spike over 2012, according to a report from Rock Health.
Here is a slideshow of the five largest deals based on that Rock Health Report and individual company websites.
Money Raised: $100 million
Investors: TPG Growth, The Advisory Board Company and UPMC Health Plan
Funding Round: Series B
Total Funds Raised: $124.5 million
What is does: Evolent makes a software platform that aims to transform how care is delivered in health systems to a more value-based model. The goal to bring maximum clinical and financial value to patients while managing provider costs efficiently.
Founded: 2011 (The Advisory Board Company and UPMC are co-founding investors of Evolent Health)
Location: Arlington, Virginia
CEO: Frank Williams
Source: Rock Health Report and Evolent Health
[Photo Credit: iStockphoto.com user -hakusan-]
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