StartUp Health Insights Funding Report 2016 Year End

© 2017 StartUp Health, LLC
A StartUp Health Insights Report
2016 Digital Health Funding Rankings
 
Data from January 1, 2016 through December 31, 2016
Report is inclusive of seed, venture, corporate venture and private equity funding
Sign up to receive weekly funding insights at startuphealth.com
INCLUDING CAREGIVING FUNDING SPONSORED BY
INCLUDING TOP MARKET FUNDING SPONSORED BY
2016: THE HEALTH
MOONSHOT MOVEMENT
TM

startuphealth.com/reports
ABOUT STARTUP HEALTH
Pages Topic
2-3 ………………………………………….…………… About StartUp Health
4 ………………………………………….…………… Year End Summary
5-18 ………………………………………….…………… Deals and Funding
19-20 ………………………………………….…………… Geography
21-23 ………………………………………….…………… Investors
24-25 ………………………………………….…………… Outlook
26-30 ………………………………………….…………… Caregiving
26 ………………………………………….…………… Methodology
In 2011, StartUp Health introduced a new model for
transforming health by organizing and supporting a global
army of entrepreneurs called Health Transformers. With
the world’s largest digital health portfolio (more than 180
companies spanning 5 continents, 16 countries and 60+
cities), StartUp Health is mobilizing this rapidly growing
army along with the world’s ‘batteries included’ leaders,
innovators and investors, to achieve 10 Health Moonshots,
with a 25 year mission to improve the health and
wellbeing of everyone in the world.
Learn more about how you can join this movement and
support Health Transformers at www.startuphealth.com.
Jennifer
Hankin
Polina
Hanin
Troy
Bannister
Mark
Liber
Anne
Dordai
Nicole
Kinsey
Tara
Salamone
StartUp Health InsightsTM Contributors
Source: StartUp Health Insights | startuphealth.com/insights Note: Report based on public data on seed, venture, corporate venture and private equity funding only. © 2017 StartUp Health LLC
Ali
McDonough
Niharika
Gupta
Rami
Tal
2

1
Access to Care Moonshots
Delivering quality care to everyone, regardless
of location or income
2
Cost to Zero Moonshots
Radically reducing the cost of care by a factor
of a million
3
Cure Disease Moonshots
Curing disease using data, technologies and
personalized medicine
4
Cancer Moonshots
Ending cancer as we know it
5
Women’s Health Moonshots
Prioritizing women’s health, including
preventive care and new research
6
Children’s Health Moonshots
Ensuring every child has access to quality care,
particularly in underserved areas
7
Nutrition and Fitness Moonshots
Providing access to a healthy environment and
support an active lifestyle
8
Brain Health Moonshots
Unlocking the mysteries of the brain to
improve health
9
Mental Health and Wellbeing Moonshots
De-stigmatizing mental health and connect
mind, body and spirit
10
Longevity Moonshots
Adding 50 healthy years to every human life
10 HEALTH MOONSHOTS THAT ARE CHANGING THE WORLD
One of the most exciting trends to emerge is an ambitious generation of entrepreneurs, leaders and investors focusing on
bold ‘Health Moonshots’. StartUp Health is organizing and supporting its global army of Health Transformers to focus on
achieving 10 Health Moonshots with a 25-year mission to improve the health wellbeing of everyone in the world.
3Source: StartUp Health Insights | startuphealth.com/insights Note: Report based on public data on seed, venture, corporate venture and private equity funding only. © 2017 StartUp Health LLC

DEALS & FUNDING GEOGRAPHY INVESTORS OUTLOOK
“The urgency
is now, it’s
about changing
the culture, it’s
about coming
up with a new
strategy.”
-Vice President Joe Biden, at
StartUp Health’s Showcase at
The Cleveland Clinic Medical
Innovation Summit 2016
2016 YEAR END SUMMARY
2016 was the beginning of the health sector’s ‘Moonshot Movement’. Thousands of entrepreneurs, industry leaders and investors,
coupled with a generation of new industry entrants started to rethink the future of health. From Vice President Joe Biden’s Cancer
Moonshot to speed up the progress in ending cancer as we know it, to The Chan Zuckerberg Initiative to cure all disease within
100 years, billions of dollars are being committed to health innovation - a mindset that exponential progress is possible.
4
Over $8 Billion were invested in over 500
digital health companies alone. This
staggering ﬁgure has fueled innovation
across the board in medicine, infrastructure
and consumer-driven health.
Record-Breaking Digital Health
Funding:
1
New Investors Pour In:
More than 200 new investors entered the funding
ecosystem in 2016, putting the total unique
investors at almost 900. These investors come
from a variety of institutions and geographies,
beyond the traditional VC and angel investor,
ranging from Fortune 500 to Private Equity.
2
Investors continue to support early-stage
startups with hundreds of Seed and Series
A Rounds this year.
Investors Support Early Stage
Innovation:
3
Big deals dominated 2016 with almost 25% of all
funding invested into ﬁve deals. It’s no
coincidence that companies receiving large
amounts of capital like Onduo or Human
Longevity Inc. are examples of companies with
bold visions, setting out to achieve Moonshots.
A Year of Mega Deals:
4
Almost 160 patient/consumer experience
focused companies received funding in 2016 -
between 2-3x as many as other subsectors.
Patient engagement and behavior change remain
largely unsolved problems and while these early
stage companies continue to experiment, we look
forward to new models and strategies emerging
that incorporate lessons learned.
Delivering Care & Content Receives
Most Funding:
5
CAREGIVING

2010 2011 2012 2013 2014 2015 2016
Q1 Q2 Q3 Q4
DEALS & FUNDING GEOGRAPHY INVESTORS OUTLOOK
159
298
498
670
590
527
599
Deal Count
$1.3B
$1.8B
$1.7B
$611M
$590M
$494M
$274M
$8.1B
$5.9B
$7.1B
$2.9B
$2.4B
$1.9B
$1.1B
Momentum across pharma, provider, payor landscapes have
culminated in a record year of funding and ushered in a new
wave of entrants. In today’s climate of political change, and
uncertain policy future, there is little doubt from investors that
the health sector is in its moment of creative destruction.
DIGITAL HEALTH FUNDING SNAPSHOT: YEAR OVER YEAR
5
“We're in the midst of a revolution.
Every 50 years you see a massive
revolution in healthcare and the next
one is due for 2020.”
Kimberly Muller, Director of Technology Transfer, UC Innovations
StartUp Health NOW! Episode #101
Over $8B have fueled new business models, increased demand, spurred a digital health revolution, and globalized what is
now possible.
CAREGIVING

DEALS & FUNDING OUTLOOK
$0B
$0.2B
$0.4B
$0.6B
$0.8B
$1B
$1.2B
2010 2011 2012 2013 2014 2015 2016
$320M Series B
$150M Series C
$37.5M Venture
$37.9M Venture
$394M Venture
$33M Series B
$31M Series A
$400M Series C
$230M Series B
$500M Series C
R2 = 0.5564
$400M Venture $220M Series A
Good Doctor
$500M Venture
DIGITAL HEALTH FUNDING SNAPSHOT: MONTH OVER MONTH
GEOGRAPHY INVESTORS
6
Funding trends continue to oscillate but maintain a general positive incline over the long term. Although overall funding tends
to slow down in certain months, some of the largest deals still occurred during those times (i.e. Human Longevity, Privia).
$500M Series A
“We're just at the beginning
of what's possible.”
-Dr. Douglas Wood, Medical Director, Center for Innovation, Mayo Clinic
CAREGIVING

$0B
$0.2B
$0.4B
$0.6B
$0.8B
$1B
$1.2B
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2013 2014 2015 2016
In comparing monthly funding over the last four years, May and October are both breakout months for digital health funding,
while June is the least active month on average.
DIGITAL HEALTH FUNDING SNAPSHOT: MONTH OVER MONTH
GEOGRAPHY INVESTORS
7
CAREGIVING

Patient/consumer experience focused companies have had the shortest time between Seed Rounds and Series A Rounds at
13.3 months, while big data/analytics focused companies are at the longer side of the spectrum at 17.5 months. Across the
entire digital health industry in 2016, companies took and average of 14.5 months to raise their A Round.
Number of Months from Seed to Series A
Big Data / Analytics
17.5 mo
Medical Device
16.7 mo
Clinical Decision Support
15.1 mo
Avg. time from Seed to A Round
Patient / Consumer Experience
13.3 mo
Personalized Health / Quantified-Self
15.9 mo
FUNDING VELOCITY: FIVE SECTORS
GEOGRAPHY INVESTORS
“Raising money in healthcare is difficult. I think
investors are still trying to figure this out. How
to actually quantify what [startups are] saying.
That's the biggest challenge.”
-Eran Kabakov, CEO, Docola
8
0 10 20 30 40 50
CAREGIVING

2016 broke a trend in funding speed. Since 2013, we’ve tracked the window of time between companies’ Seed and Series A
Rounds. Over the years, the amount of time between rounds became less variable until this year, when it developed a funding
proﬁle more similar to 2013. The data below is presented as medians.
#ofMonths
0
5
10
15
20
25
30
35
40
2013 2014 2015 2016
FUNDING VELOCITY: SEED TO SERIES A BY YEAR
GEOGRAPHY INVESTORS
9
CAREGIVING

Company $ Invested Subsector Notable Investor
1 $500M Patient/Consumer Experience
1 $500M Patient/Consumer Experience Undisclosed
4 $400M Wellness
5 $220M Personalized Health
6 $160M Wellness
8 $145M Big Data/Analytics
10 $100M Medical Device Undisclosed
10 $100M Medical Device
10 $100M Personalized Health
THE TOP 10 LARGEST DEALS OF 2016
GEOGRAPHY INVESTORS
10
Three of the top ﬁve deals in record were signed this year, demonstrating international commitment to supporting paradigm
shifting ideas in digital health.
CAREGIVING

Company Location Subsector Notable Investor
Palo Alto, CA Patient/Consumer Experience
Dallas, TX Population Health
Agoura Hills, CA Patient/Consumer Experience
Palo Alto, CA Research
Stockholm, Sweden Wellness
San Mateo, CA Big Data/Analytics
Sacramento, CA Big Data/Analytics
Toronto, ON Wellness
Montreal, QC Personalized Health/Quantified-Self
New York, NY Big Data/Analytics
Hong Kong Personalized Health/Quantified-Self
Chicago, IL Workflow
Boston, MA Patient/Consumer Experience
Chicago, IL Workflow
New York, NY Wellness
CROSS SECTION: $10M DEALS
GEOGRAPHY INVESTORS
11
Taking a look at a group of $10M deals, we can see a variety of companies that have managed to attract mid-level
investments over the course of the last year.
CAREGIVING

Company Location Subsector Notable Investor
Singapore Population Health
Denver, CO Patient/Consumer Experience
Dallas, TX Patient/Consumer Experience
Tel Aviv, Israel Big Data/Analytics
Chicago, IL Education/Training
Flo Wilmington, DE Personalized Health/Quantified Self
Los Angeles, CA Wellness
Seattle, WA Research
Helsinki, Finland Patient/Consumer Experience
Akron, OH Medical Device
New York, NY Medical Device Undisclosed
Baltimore, MD Big Data/Analytics
Irvine, CA Workflow
Nashville, TN Patient/Consumer Experience
Denver, CO Workflow
CROSS SECTION: $1M DEALS
GEOGRAPHY INVESTORS
12
An early-stage investment cross-section offers insight across an industry experimenting with maturing ideas. It’s interesting
to take note of the varied investors, from population health to workflow supporting these young businesses.
CAREGIVING

Company Amount Subsector Notable Investor
$220M Personalized Health / Quantiﬁed-Self
$22.0M Wellness
$13.7M Patient/Consumer Experience
$10.0M Wellness
$7.8M Medical Device
$3.0M Clinical Decision Support
$2.4M Research
$2.0M Personalized Health / Quantiﬁed-Self
StartUp Health Portfolio: Top 10 Deals
GEOGRAPHY INVESTORS
13
The StartUp Health portfolio of 178 companies has raised over $300M in 2016.
CAREGIVING

Patient/consumer experience was the most funded sector in digital health even the excluding the $1B funding raised by
Onduo and Good Doctor’s. Even after excluding these two deals, it is still the most funded sector in Digital Health.
Subsector Total Raised YTD Deal Count Avg. Deal Size
1
Patient/Consumer
Experience $2.8B 163 $17M
2 Wellness $1.0B 45 $23M
3
Personalized Health/
Quantified-Self
$765M 47 $16M
4 Medical Device $713M 53 $13M
5 Workflow $593M 89 $7M
6 Big Data/Analytics $562M 54 $10M
7 Population Health $436M 52 $8M
8
Clinical Decision
Support
$332M 22 $15M
9 Research $280M 28 $10M
10 E-commerce $277M 17 $16M
Domestically, risk bearing organizations find a lot of value in
the ability to reach out, connect and educate those outside
the walls of a hospital or office. Because of a lower barrier
to entry, in comparison to a personalized health/ quantified-
Self company, there are more companies emerging and
competing within the market. There is still plenty of
opportunity in this area and there will be a need for focused
solutions to help people with any ailment.
“One of the most exciting things in 2017 will be the
continued emergence of blockchain technology in
healthcare to power a more secure and transparent
healthcare system. This could have a huge impact on
everything from how we share and view medical records,
to our claim processing and billing systems.”
— Blake Walker, Co-Founder and CPO, Inbox Health
THE TOP 10 MOST ACTIVE MARKETS OF 2016
GEOGRAPHY INVESTORS
14
CAREGIVING

2010
2011
2012
2013
2014
2015
2016
0% 25% 50% 75% 100%
Seed Series A Series B Series C Series D Series E Series F + G + H
31% 33% 7%22% 3%
*Deal count only includes Seed though Series G rounds. Does not include venture rounds or growth equity.
Deal Count*
124
237
304
450
391
300
344
2013 remains the year with the most early-stage investments at 74% or 331 deals. The last three years have remained strong
with 2/3 of all deals being Seed or A Rounds. Steady Seed Round & Series A funding in 2016 was an encouraging sign that
capital is still being distributed among early-stage digital health companies.
DEAL ACTIVITY BY STAGE
GEOGRAPHY INVESTORS
15
CAREGIVING

We saw consistent market maturity in the patient/consumer experience, workflow, and personalized health markets, with
the latter having the most late-stage deals. There were few clinical decision support, EMR, and e-commerce deals at the
early stage.
47%
Patient/Consumer Experience
Wellness
Personalized Health/Quantified-Self
Big Data/Analytics
Medical Devices
E-Commerce
32 32 21 4 4
15 15 11 5 1
9 12 13 0 1
11 11 5 2 0
11 10 5 6 0
11 9 6 3 5
7 11 2 0 0
8 6 6 2 4
1 3 4 3 0
0 4 2 0 1
2 0 0 0 0
0 1 1 1 0
Workflow
Research
Population Health
EHR
Education/Training
Seed Series A Series B Series C Series D-H
MARKET MATURITY MAP 2016
GEOGRAPHY INVESTORS
More funding activity Less funding activity
16
CAREGIVING

47%
163 112 56 22 13
108 113 60 25 11
108 61 27 10 8
62 61 36 28 21
54 73 48 16 13
50 45 32 18 15
45 50 27 9 5
44 43 36 30 25
37 37 16 6 6
21 31 14 5 5
15 10 8 5 8
18 9 4 4 4
MARKET MATURITY MAP DEALS SINCE 2010
Seed Series A Series B Series C Series D-H
Medical Devices
Personalized Health/Quantified-Self
Big Data/Analytics
E-Commerce
Research
Population Health
Education/Training
EHR
GEOGRAPHY INVESTORS
Patient/Consumer Experience
Wellness
Workflow
17
More funding activity Less funding activity
CAREGIVING
Reflective of 2016, our historic data shows concentrations in funding at early stage patient/consumer experience, workflow
and wellness focused companies.

Funding($M)
$0M
$10M
$20M
$30M
$40M
2013 2014 2015 2016
Avg. Deal Size Avg. Seed Avg. Series A Avg. Series B Avg. Series C
Average funding size has continued to march upwards, despite a 50% drop in Series C average. Series A rounds were 84%
larger than in 2015 — or $1M above 2015’s total average deals.
AVERAGE ROUND SIZES: 2013-2016
GEOGRAPHY INVESTORS
18
“We're excited that apps for health and wellness will
become less of a novelty and more of an actionable
way to take control of your life. There are currently
many apps which track things like miles ran,
calories, and other parameters, but what’s often
missing is what this data means in terms of what the
user should do. With advances in artiﬁcial
intelligence, apps will be able to more effectively
communicate whether it’s time for a day off from the
gym, if you should run an extra mile, or if you should
start consuming more orange juice to get the
necessary vitamin C.”
- Corey Mccarran, COO, Titanovo
CAREGIVING

FrequencyofDealSize
0
50
100
150
200
$1M $5M $10M $25M $50M $100M $150M $200M $250M $300M $350M $400M $450M $500M
2014 2015 2016
$500M
$400M
$448M
$394M
$500M
$400M
Good Doctor
We are seeing an increase in deal count numbers overall: an increase of 8% in $5M deals, 26% in $10M deals and 7% in $25M
deals. Four of the six deals above $400M in the last three years have occurred in 2016.
ROUND SIZE FREQUENCY: FUNDING GIANTS
GEOGRAPHY INVESTORS
19
CAREGIVING

INVESTORS OUTLOOK
Region
1 SF Bay Area
2 Boston Metro
3 New York Metro
4 San Diego
5 Los Angeles
6 Minneapolis/St. Paul
7 Philadelphia
8 Chicago
9 Salt Lake City
10 Washington, DC
$105M
$928M
$970M
$710M
$1.5B
San Francisco
Bay Area
Salt Lake City
San Diego Metro
New York City
Metro
Boston Metro
$180M
Chicago Metro
$216M
Minneapolis /
St. Paul Metro
$200M
Philadelphia
Metro
(8 Deals)
(7 Deals)
(116 Deals)
(15 Deals)
(15 Deals)
(17 Deals)
(60 Deals)
(35 Deals)
Los Angeles
Metro
$468M
(29 Deals)
Washington,
DC Metro
$97M
(9 Deals)
Funding continues to be signiﬁcant in the Bay Area and in the Northeast. In 2016, the metro regions of Boston and New
York City yielded 208 deals (47% of all deals) and approximately $3.4B in funding (54% of all funding).
DEALS & FUNDING GEOGRAPHY
THE MOST ACTIVE US METRO AREAS OF 2016
20
CAREGIVING

NOTABLE INTERNATIONAL DEALS OF 2016
China
$500M
Patient/Consumer
Experience
Ping An Good Doctor
$448M
Patient/Consumer
Experience
Patient/Consumer
Experience
$120M
$100M
Medical Device
$45M
Wellness
$45M
Research
Population Health
$25M
Patient/Consumer
Experience
$31M*
* Total in 2 rounds of funding in 2016
$35M
Medical Device
INVESTORSGEOGRAPHY
21
CAREGIVING

Firm 2016 YTD Deals 2015 Deals Stage
Early Mid Late
1 18 10
2 15 9
3 10 2
4
9 6
4 9 6
6
8 3
6
8 7
8 7 3
9
6 7
9
6 5
9
6 4
THE TOP INVESTORS OF 2016
INVESTORSGEOGRAPHY
22
We are seeing huge strides in new investors coming into the digital health scene. All of the top 10 investors of 2016 are either
maintaining or increasing their involvement in the digital health Industry.
CAREGIVING

0
13
26
39
52
65
78
91
104
117
130
2010 2011 2012 2013 2014 2015 2016
2 3 4 5 6+
1
In 2016, we saw the total investor count jump by 42% - a huge signal of a booming industry. Not only are more investors
entering the scene, but they are also participating in more rounds than ever. 2016 brought investment from almost 900 unique
ﬁrms, angels or investment arms - almost 300 more than last year.
208
318 343
517
617 609
865
InvestorCount
# of Deals by Investor
NUMBER OF INVESTORS YEAR OVER YEAR
Total Investors
23
DEALS & FUNDING OUTLOOKINVESTORSGEOGRAPHY CAREGIVING

startuphealth.com/reports1
We surveyed Health Transformers from the StartUp Health Academy about their fundraising experiences in 2016 and their
predictions for 2017.
15%
35% 35%
15%
<2 Months
2-6 Months
6 - 10 Months
>10 Months
How long did Health Transformers most  
recent fundraising process last?
26%
16%
13%
26%
19%
1 - 5 firms
5 - 10 firms
10-20 firms
20-30 firms
30+ firms
How many firms did Health Transformers pitch
to while raising their last round?
INSIGHTS FROM HEALTH TRANSFORMERS
GEOGRAPHY INVESTORS
N = 37 N = 37
24
“Digital health reflects the incredible technological
progress of the 21st century. It is another industry
revolution that we are lucky to witness and participate in.”
- -Leon Eisen, PhD, CEO, Oxitone Medical
CAREGIVING

1
“The change in access to care is going to be
powerful and lead to happier and healthier
people everywhere. I can't wait”
“I am excited that there is more
interest in Mental Health than ever
before and changes are coming in
federal regulations to increase the
attention in this area.
The gap between idea and
implementation is a difficult one to
bridge, which makes 2017 a truly
exciting time to be an innovator in
‘aging-in-place’ technologies.”
“If we change ourselves, the realities of the world will change. I look forward to the day where all
people, of all diversities, break the boundaries between healthcare provider and patient and
celebrate the truth that we are all patients and we all have a responsibility in creating a better,
sustainable world- especially in Health. I'm most excited about our world taking action towards
the advancement of understanding, the destruction of ideologies and judgements, and the growth
of consciousness. I know that health will play a central role in this growth of mankind.”
“I am thrilled to see that
the healthcare ecosystem
is being more receptive to
AI and I am excited to see
how our ecosystem really
maximizes it to cut
patient cost down and
deliver better patient
outcomes to all.”
“The recent developments in technology
in 2016 now allow medical
entrepreneurs to enter the world of
digital health with a much lower
technological threshold.”
“In 2017, we are most
excited to see online
healthcare increasingly
become not only a tool to
get quick online help from
a doctor for a specific
problem, but also a
channel to deepen and
extend your offline
relationship with your
preferred provider”
“Imagine a world though, where you can
be in NYC, Springfield or Mali and have
access to an identical level of care”
“2017 will be a year of big change and disruption. We
will have to deal with some negative pressures but
new opportunities can be born in such a high-
pressure environment, and I believe that innovations
by private companies and startups will fill the void
created when the government steps back”
GEOGRAPHY INVESTORS
- Hunter Howard, Founder, President
- Ansgar Bittermann, Founder, CEO
- Coley Parry, Founder, CEO
- Eric Price, Founder, CEO
- Teddy Hodges, Founder, CEO
- Beth Sanders, Founder, CEO- Jean Anne Booth, Founder, CEO
- Maksim Tsvetovat, Founder, CTO
- Alex Guastella, Founder
INSIGHTS FROM HEALTH TRANSFORMERS
25
CAREGIVING

A Spotlight on Caregiving
sponsored by
Data sourced and
provided by:
* Data in following section is separate from StartUp Health Insights data
*
26
DEALS & FUNDING OUTLOOKGEOGRAPHY INVESTORS CAREGIVING
startuphealth.com/reports Source: StartUp Health Insights | startuphealth.com/insights Note: Report based on public data on seed, venture, corporate venture and private equity funding only. © 2017 StartUp Health LLC

THE CAREGIVING INVESTMENT LANDSCAPE
By 2020, 117 million Americans are expected to need assistance of some kind, yet the overall number of unpaid caregivers is
only expected to reach 45 million. Technology holds great promise for helping to reduce the complexities, stress, and sheer
hard work of these caregivers. Companies from established multinationals to startups, mass-market ﬁrms to niche players,
are recognizing this caregiving market opportunity that’s expected to reach $72 billion in 2020 alone.
27
DEALS & FUNDING OUTLOOKGEOGRAPHY INVESTORS CAREGIVING
startuphealth.com/reports Source: StartUp Health Insights | startuphealth.com/insights Note: Report based on public data on seed, venture, corporate venture and private equity funding only. © 2017 StartUp Health LLC

OUTLOOKGEOGRAPHY INVESTORS
28
Category Raised YTD Deal Count Average Deal Size Notable Deal
1 Daily Essential Activities $7.7B 91 $84M
2 Care Coordination $803M 50 $16M
3 Health & Safety Awareness $798M 49 $16M
4 Caregiver Quality of Life $422M 43 $10M
5 Transition Support $168M 28 $6M
6 Social Wellbeing $113M 16 $7M
There is a focus on funding technologies that make daily essential activities easier, including transportation, food delivery and
other services that provide value to everyday tasks and errands. Uber continues to dominate the ‘on-demand’ transportation
market with staggering investment numbers and is viewing the aging population as a growth opportunity. Care Coordination
remains an established sector as technology begins to play a bigger role in the caregiving market.
CAREGIVING MARKET INVESTMENTS
CAREGIVINGDEALS & FUNDING

29
CAREGIVING MARKET TOP DEALS
While not counted in StartUp Health’s data as a digital health deal, Uber and several other top deals this year could have a
signiﬁcant healthcare impact on the aging community. There is a healthy mix of hedge funds, venture ﬁrms and other investor
types interested in supporting the caregiving market.
Notable Deal Total Raised YTD Notable Investor Category
1 $5.9B Daily Essential Activities
2 $500M Daily Essential Activities
4 $175M Care Coordination
6 $127M Health & Safety Awareness
7 $100M Caregiver Quality of Life
7 $100M Caregiver Quality of Life

30
47%
45%
25 7 11 3 4 3
13 11 13 8 1 0
15 7 11 3 4 3
6 19 5 3 3 3
12 2 3 2 0 1
3 6 4 1 0 0
Seed/Angel Series A Series B Series C Series D
Care
Coordination
Caregiver  
Quality of Life
Daily Essential
Activities
Health & Safety
Awareness
Social
Wellbeing
Transition
Support
The intersection of ‘Daily Essential Activities’ and Caregiving is where most of the investment activity is localized. Most deals
across the Caregiving market are still in their earlier stages.
CAREGIVING MARKET MATURITY MAP
Series E+

Traditional venture capital dominated the investment landscape in 2016, edging out Corporate VCs, PE ﬁrms and other types of
investment organizations.
CAREGIVING MARKET VENTURE INVESTORS OF 2016 YTD
Firm 2016 Deals Notable Deal Stage
Early Mid Late
1 8
2 7
3 6
3 6
4 5
31startuphealth.com/reports
OUTLOOKGEOGRAPHY INVESTORS CAREGIVINGDEALS & FUNDING

Sectors:
• We have a broad view of digital health and believe that the current trend is a
cross-pollination of technology and data with all aspects of health and
healthcare. StartUp Health InsightsTM
tracks companies that enable health,
wellness and the delivery of care through data / analytics, sensors, mobile,
internet-of-things, 3D printing and genomics and personalized medicine.
• StartUp Health tracks companies based on their sectors, subsectors and
specialties. Investments in subsectors and specialties are not mutually exclusive,
as deals are tagged with multiple subsectors and specialties based on the
company’s focus.
• Q2 of 2015 brought with it an extensive database quality assessment. A new
system was implemented allowing StartUp Health to track innovation with
enhanced granularity. Additionally, gaps in funding data were researched and
added into our database enabling us to identify fundings previously unaccounted
for in previous reports.
Stage of Funding:
• StartUp Health InsightsTM
records only publicly available data on cash for equity
investments as the cash is actually received by the company. StartUp Health
InsightsTM
is inclusive of accelerator, pre-seed, seed, venture, corporate venture
and private equity funding.
• Early stage: The company has raised a Seed or Series A round
• Mid stage: The company has raised a Series B or Series C round
• Late stage: The company has raised a Series D or other growth equity round
• StartUp Health also tracks incubator rounds and other financings into privately-
held entities (e.g. “unnamed” venture rounds, strategic investments, growth
equity and private equity).
• In tabulating deal activity by stage we excluded rounds not clearly associated
with a specific stage.
Sources:
• Funding data is from StartUp Health InsightsTM, the most comprehensive
funding database for digital health, and managed by the StartUp Health team.
Information, data and figures represent only publicly available data.
• Data for acquisitions slide was provided by a range of sources including StartUp
Health InsightsTM, CrunchBase, AngelList and news reports.
• StartUp Health works to ensure that the information contained in the StartUp
Health InsightsTM Report has been obtained from reliable sources. However,
StartUp Health cannot warrant the ultimate validity of the data obtained in this
manner. All data is subject to verification with the venture capital firms and/or
the investee companies. Results are updated periodically. Therefore, all data is
subject to change at any time.
• If you find an error please let us know so we can correct it.
This report is provided for informational purposes and was prepared in good faith on the
basis of public information available at the time of publication without independent
veriﬁcation. StartUp Health does not guarantee or warrant the reliability or
completeness of the data nor its usefulness in achieving any particular purposes.
StartUp Health shall not be liable for any loss, damage, cost or expense incurred by
reason of any persons use or reliance on this report. This report is a proprietary
aggregation of publicly available data and shall not be forwarded or reproduced without
the written consent of StartUp Health.
METHODOLOGIES

STARTUP HEALTH’S GROWING ARMY

StartUp Health Insights Funding Report 2016 Year End

Recommended

Recommended

More Related Content

Viewers also liked

Viewers also liked (11)

More from StartUp Health

More from StartUp Health (13)

Recently uploaded

Recently uploaded (20)

StartUp Health Insights Funding Report 2016 Year End