E-health Is Booming

Medical start-ups have not had any trouble drumming up fundraising support, according to a new report from StartUp Health. Start-ups broke a new fundraising record in 2018, with over $14 billion in worldwide investment going towards medical ventures, a 25 percent increase over the previous year.

These fundraising dollars and deals are riding on the back of the e-health boom, which has captivated the medical community with applications, services, and digital solutions to the preventative, clinical, and administrative side of medicine. Many of the advancements e-health has contributed to include assistance with diagnosis and teleconsultation.

In Q1 2019, the largest U.S. fundraising deal was a $500 million investment in Clover Health, an insurance focused start-up. Clover’s stellar first quarter of fundraising has not been close to matched since Q2 2017, when Outcome Health was able to raise $600 million. In Q1 2018, it took three separate companies to match the amount of money Clover was able to galvanize in this quarter.