The document is a report on top business models in healthtech that received funding in the last year. It provides an overview of total funding by business model type and top funding rounds. The body of the report consists of 50 sections that profile the top funded business models, including the amount of funding received, number of funding rounds, top funded companies, and notable recent funding rounds. It finds that web-based platforms for doctor consultation, online marketplaces for drugs, and employee behavioral health management solutions were among the most funded business models.

1. TRACXN TOP BUSINESS MODELS REPORT
November 17, 2021
HEALTHTECH

2. HealthTech - Top Business Models Report Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Contents
HealthTech Funding - Overview 3
Top Funded Business Models 4
One pagers 9
Appendix 59
2

3. HealthTech - Top Business Models Report Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
HealthTech - Funding in last 1 year
3
Healthcare IT $18.0B
Healthcare Booking Platforms $10.8B
Life Sciences Tech $8.2B
Employee Health IT $5.5B
Fitness & Wellness Tech $4.6B
Disease Self Management $3.9B
Y-o-Y Funding
Top Investors by Funding Rounds
Seed
Stage
Y Combinator
AngelList
LetsVenture
74
16
10
Early
Stage
General Catalyst Partners
F-Prime Capital
Lux Capital
19
15
13
Late
Stage
Tiger Global Management
Sequoia Capital
Insight Partners
22
15
13
Funding by Geography
Top Feeds by $ Funding
Top Funding Rounds
United States (68%)
China (11%)
India (4%)
United Kingdom (3%)
Canada (2%)
Germany (2%)
France (2%)
Others (7%)
$ Funding # Rounds
Devoted Health
(2017, United States)
$1.1B - Series D
Verily
(2015, United States)
$700M - PE
Noom
(2008, United States)
$540M - Series F
Ro
(2017, United States)
$500M - Series D
DXY
(2000, China)
$500M - Series E
Miaoshou Doctor
(2015, China)
$466M - Series E
Miaoshou
(2015, China)
$465M - Series E
Insitro
(2018, United States)
$400M - Series C
Cityblock
(2017, United States)
$400M - Series D
XtalPi
(2014, United States)
$400M - Series D
Hinge Health
(2014, United States)
$400M - Series E
Olive
(2012, United States)
$400M - Series H

4. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
HealthTech - Top Business Models Report
Top Funded Business Models - last 1 year (1/5)
4
Rank Business Model $ Funding # Rounds Top Funding Round Details
1<> 0 Web Based Platform for Doctor Consultation $2.7B 66 Miaoshou Doctor | $466M | Series E Link
2▲1 Online Marketplace for Drugs $1.7B 37 Capsule | $300M | Series E Link
3▲24
Employee Behavioural Health Management
Solutions
$1.2B 24 Noom | $540M | Series F Link
4▲90 Tech First Medical Clinics $1.0B 10 Cityblock | $400M | Series D Link
5▲4 Employee Mental Health Mangement Solutions $978M 22 Lyra Health | $200M | Series E Link
6▲26 Digital Therapeutics for Physiotherapy $898M 16 Hinge Health | $400M | Series E Link
7▼3 Genomic Sequence Analysis Softwares $773M 16 Element Biosc.. | $276M | Series C Link
8▲49 Fitness $700M 28 Hinge Health | $400M | Series E Link
9▲55 Video Based Online Health Information Platforms $697M 2 Miaoshou Doctor | $466M | Series E Link
10▼2
Healthcare IT > Provider > Administrative Solutions
> Suite
$655M 13 Olive | $400M | Series H Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

5. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
HealthTech - Top Business Models Report
Top Funded Business Models - last 1 year (2/5)
5
Rank Business Model $ Funding # Rounds Top Funding Round Details
11▲9 Smart home Gym Equipment $586M 8 Tonal | $250M | Series E Link
12▲23 Value Based Chronic Care Management $561M 18 AllyAlign | $300M | Series B Link
13▲179 Nutrition Planning Apps $551M 8 Noom | $540M | Series F Link
14▲24 Employee Healthcare Benefits Administration $541M 28 CollectiveHea.. | $280M | Series F Link
15▲7 Healthcare Booking Platforms $508M 18 WeDoctor | $350M | Series D Link
16--
Healthcare IT > Provider > Professional Network >
Social Platform > Doctors
$500M 2 DXY | $500M | Series E Link
17▲4 Online Pharmacy for Mens Health $500M 5 Ro | $500M | Series D Link
18▲61 Patient Recruitment Platforms for Clinical Trials $462M 9 Reify Health | $220M | Series C Link
19▲5 Online Caregiver Booking Platforms $455M 15 Papa | $150M | Series D Link
20▲23 Blood Glucose Monitoring Apps $439M 8 Twin | $141M | Series C Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

6. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
HealthTech - Top Business Models Report
Top Funded Business Models - last 1 year (3/5)
6
Rank Business Model $ Funding # Rounds Top Funding Round Details
21▲49 Online Biochemical Testing Labs $434M 12 Everly Wellness | $175M | Series D Link
22▲50 Employee Family Benefits Administration $421M 9 Papa | $150M | Series D Link
23▲17 Decentralized Clinical Trial Management $418M 4 Medable | $304M | Series D Link
24▲62 Radiological Image Analysis Softwares $411M 31 EDDA Technology | $150M | Series D Link
25▼13 Genomics Based Drug Development Software $404M 8 Insilico | $255M | Series C Link
26▲26 Online Doctor Appointment Booking Platform $385M 19 Zocdoc | $150M | Series E Link
27▲31 Personal Fitness Training Apps $383M 9 Keep | $360M | Series F Link
28▼5 Symptom Tracking Solutions $379M 9 Kang Health | $132M | Series E Link
29▲296 Molecular Modeling Solutions $358M 8 Cellarity | $123M | Series B Link
30▼11 Digital Therapeutics for Mental Disorders $355M 13 Pear Therapeu.. | $132M | Series D Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

7. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
HealthTech - Top Business Models Report
Top Funded Business Models - last 1 year (4/5)
7
Rank Business Model $ Funding # Rounds Top Funding Round Details
31▲40 Direct to consumer Saliva Testing Labs $354M 5 Color | $167M | Series D Link
32▼1 Clinical Decision Support Tools for Disease Diagnosis $353M 7 LumiraDx | $164M | Series D Link
33▲63
Healthcare IT > Provider > Administrative Solutions
> Business and Market Intelligence > Mark..
$350M 5 Evidation | $153M | Series E Link
34▼23 Online Gym Membership Pass $336M 5 Gympass | $220M | Series E Link
35▼17 Mental Health Teleconsultation $326M 25 Cerebral | $127M | Series B Link
36▲61
Healthcare IT > Provider > Telemedicine Solutions >
Tele-Consultation > Providers > Behaviora..
$322M 5 SonderMind | $242M | Series C Link
37▼1
Healthcare IT > Provider > Professional Network >
Clinical Resources
$306M 2 Medbanks | $305M | Series E Link
38▲99 Clinical Data Analysis Platforms $284M 10 iCarbonX | $151M | Series D Link
39▲21 Tech Enabled Clinical Labs For Employees $283M 8 Color | $167M | Series D Link
40▲82
Healthcare IT > Value Based Care > Patient
Engagement > Suite Solutions
$281M 26 Health Recov.. | $70.0M | Series C Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

8. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
HealthTech - Top Business Models Report
Top Funded Business Models - last 1 year (5/5)
8
Rank Business Model $ Funding # Rounds Top Funding Round Details
41▲218
Self-Funded Health Insurance Administration for
Employers
$280M 1 CollectiveHea.. | $280M | Series F Link
42▼12 Digital Therapeutics for Chronic Conditions $272M 9 Virta | $133M | Series E Link
43▲41
Business Intelligence Solutions for Healthcare
Providers
$264M 12 Komodo Health | $220M | Series E Link
44▲79 Life Science Coworking Labs $250M 1 SmartLabs | $250M | Series B Link
45▲23 Healthcare Data Management $248M 28 Senyi | $77.1M | Series E Link
46▲1 Body Chemistry Monitoring Devices $238M 2 Cue Health | $235M | Series D Link
47▲12
Healthcare IT > Provider > Clinical Operations >
Decision Support > Diagnosis > Differential ..
$238M 3 Exo | $220M | Series C Link
48▲213 Sales & Marketing Solutions $232M 8 Axtria | $150M | Series D Link
49▲17 Patient Population Health Management $231M 12 Clarify | $115M | Series C Link
50▲35 Disease Risk Assessment Solutions $229M 12 Lark Technolo.. | $100M | Series D Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

9. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
HealthTech - Top Business Models Report
Recent Funding Rounds
Web Based Platform for Doctor
Consultation
01
9
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$2.7B (▲136%)
66(▲26.9%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
41
$7.1B
402
6
3334
34
Healthcare Booking Platforms (PharmEasy)
(# Cos: 17042 | $33.1B)
Doctors (Zocdoc)
(# Cos: 8410 | $13.2B)
Telemedicine (HealthTap)
(# Cos: 5324 | $9.5B)
Teleconsultation (Amwell)
(# Cos: 5157 | $9.4B)
Diversified (Babylon)
(# Cos: 3334 | $7.1B)
Babylon
(2013, United Kingdom, $735M)
Amwell
(2006, United States, $246M)
HealthTap
(2010, United States, $37.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Miaoshou Doctor (2015, China)
$466M - Series E - Feb 2021
Miaoshou (2015, China)
$465M - Series E - Feb 2021
KRY (2014, Sweden)
$317M - Series D - Apr 2021
Miaoshou Doctor (2015, China)
$231M - Series F - Aug 2021
Miaoshou (2015, China)
$231M - Series F - Aug 2021
Doctor Anywhere (2015, Singapore)
$104M - Series C - Aug 2021
Weimai (2015, China)
$100M - Series C - Dec 2020
View all 66 Funding Rounds on Tracxn Platform

10. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
HealthTech - Top Business Models Report
Recent Funding Rounds
Online Marketplace for Drugs
02
10
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$1.7B (▲59.3%)
37(▼26%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
52
$6.7B
244
10
3155
29
Healthcare Booking Platforms (23andMe)
(# Cos: 17042 | $33.1B)
Pharmacies (Ro)
(# Cos: 5505 | $9.3B)
Drugs (Hims)
(# Cos: 3333 | $8.0B)
Diversified (PharmEasy)
(# Cos: 3155 | $6.7B)
PharmEasy
(2015, India, $1.1B)
Medlife
(2014, India, $90.3M)
Pharmacy2U
(1999, United Kingdom, $313M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Capsule (2015, United States)
$300M - Series E - Apr 2021
PharmEasy (2015, India)
$300M - Series D - Jun 2021
PharmEasy (2015, India)
$227M - Series E - Oct 2021
Jingle fast medicine (2014, China)
$220M - Series C - Jun 2021
PharmEasy (2015, India)
$163M - Series D - Apr 2021
Shanghai Pharmaceutical (2015, China)
$160M - Series B - Feb 2021
TruePill (2014, United States)
$142M - Series D - Oct 2021
View all 37 Funding Rounds on Tracxn Platform

11. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
HealthTech - Top Business Models Report
Recent Funding Rounds
Noom (2008, United States)
$540M - Series F - May 2021
Workrise (2015, United States)
$300M - Series E - May 2021
Ginger (2011, United States)
$100M - Series E - Mar 2021
Lark Technolo.. (2011, United States)
$100M - Series D - Sep 2021
Thrive Global (2016, United States)
$80.0M - Series C - Jul 2021
Happify (2011, United States)
$73.0M - Series D - Mar 2021
Welltok (2009, United States)
$17.4M - Series E - Apr 2021
View all 24 Funding Rounds on Tracxn Platform
Employee Behavioural Health
Management Solutions
03
11
Back to index
Employee Health IT (Accolade)
(# Cos: 3067 | $15.9B)
Tech Enabled Services (Gympass)
(# Cos: 1915 | $10.3B)
Behavioral Health (Thrive Global)
(# Cos: 403 | $3.2B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$1.2B (▲634%)
24(▲20%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
27
$3.2B
136
5
403
21
Thrive Global
(2016, United States, $130M)
Noom
(2008, United States, $624M)
Virgin Pulse
(2004, United States, $92.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

12. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
HealthTech - Top Business Models Report
Recent Funding Rounds
Cityblock (2017, United States)
$400M - Series D - Sep 2021
Carbon Health (2015, United States)
$350M - Series D - Jul 2021
Forward (2016, United States)
$225M - Series D - Mar 2021
Cityblock (2017, United States)
$192M - Series C - Mar 2021
Cityblock (2017, United States)
$160M - Series C - Dec 2020
AskTia (2014, United States)
$100M - Series B - Sep 2021
Sprinter Health (2021, United States)
$33.0M - Series A - Oct 2021
View all 10 Funding Rounds on Tracxn Platform
Tech First Medical Clinics
04
12
Back to index
Healthcare Booking Platforms (PharmEasy)
(# Cos: 17042 | $33.1B)
Healthcare Facilities (One Medical)
(# Cos: 308 | $2.6B)
Tech Heavy Clinics (Carbon Health)
(# Cos: 48 | $2.4B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$1.0B (▲1767%)
10(▲25%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$2.4B
22
2
48
8
Carbon Health
(2015, United States, $515M)
One Medical
(2007, United States, $403M)
Forward
(2016, United States, $255M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

13. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
HealthTech - Top Business Models Report
Recent Funding Rounds
Lyra Health (2015, United States)
$200M - Series E - May 2021
Spring (2016, United States)
$190M - Series C - Sep 2021
Lyra Health (2015, United States)
$187M - Series E - Jan 2021
Spring (2016, United States)
$76.0M - Series B - Nov 2020
Modern Health (2017, United States)
$74.0M - Series D - Feb 2021
Modern Health (2017, United States)
$74.0M - Series D - Feb 2021
Modern Health (2017, United States)
$51.0M - Series C - Dec 2020
View all 22 Funding Rounds on Tracxn Platform
Employee Mental Health Mangement
Solutions
05
13
Back to index
Employee Health IT (Accolade)
(# Cos: 3067 | $15.9B)
Tech Enabled Services (Gympass)
(# Cos: 1915 | $10.3B)
Mental Health (Lyra Health)
(# Cos: 218 | $1.6B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$978M (▲207%)
22(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
6
$1.6B
58
-
218
7
Lyra Health
(2015, United States, $680M)
Modern Health
(2017, United States, $172M)
AbleTo
(2008, United States, $66.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

14. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
HealthTech - Top Business Models Report
Recent Funding Rounds
Digital Therapeutics for Physiotherapy
06
14
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$898M (▲475%)
16(▲6.7%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
6
$1.4B
112
4
234
12
Healthcare IT (athenahealth)
(# Cos: 30323 | $74.2B)
Value Based Care (Grand Rounds)
(# Cos: 6308 | $23.8B)
Patient Engagement (Livongo)
(# Cos: 2235 | $7.9B)
Digital Therapeutics (Omada Health)
(# Cos: 573 | $4.2B)
Physiotheraphy (Hinge Health)
(# Cos: 234 | $1.4B)
Hinge Health
(2014, United States, $845M)
MindMaze
(2012, Switzerland, $119M)
Kaia Health
(2016, Germany, $125M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Hinge Health (2014, United States)
$400M - Series E - Oct 2021
Hinge Health (2014, United States)
$300M - Series D - Jan 2021
SWORD Health (2012, Portugal)
$85.0M - Series C - Jun 2021
Kaia Health (2016, Germany)
$75.0M - Series C - Apr 2021
SWORD Health (2012, Portugal)
$25.0M - Series B - Jan 2021
MedRhythms (2013, United States)
$25.0M - Series B - Jul 2021
Caspar (2016, Germany)
$10.6M - Series B - Jul 2021
View all 16 Funding Rounds on Tracxn Platform

15. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
HealthTech - Top Business Models Report
Recent Funding Rounds
Genomic Sequence Analysis Softwares
07
15
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$773M (▲71%)
16(▼33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
51
$3.2B
192
9
510
21
Life Sciences Tech (Medidata)
(# Cos: 4693 | $24.4B)
Research & Development (Illumina)
(# Cos: 3792 | $20.5B)
Drug Discovery (ATAI)
(# Cos: 1141 | $11.6B)
Genomics (Personalis)
(# Cos: 707 | $5.1B)
Sequencing Analysis (Human Longevity)
(# Cos: 510 | $3.2B)
Human Longevity
(2013, United States, $330M)
Personalis
(2011, United States, $87.3M)
Qiagen
(1984, Germany)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Element Biosc.. (2017, United States)
$276M - Series C - Jun 2021
Deep Genomics (2015, Canada)
$180M - Series C - Jul 2021
Hexagon Bio (2017, United States)
$61.0M - Series B - Sep 2021
Immunitas The.. (2019, United States)
$58.0M - Series B - Aug 2021
CAMP4 (2018, United States)
$45.0M - Series B - Mar 2021
ChromaCode (2012, United States)
$38.6M - Series C - Dec 2020
Genomics (2014, United Kingdom)
$30.0M - Series B - Mar 2021
View all 16 Funding Rounds on Tracxn Platform

16. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
HealthTech - Top Business Models Report
Recent Funding Rounds
Fitness
08
16
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$700M (▲665%)
28(▼15.2%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
30
$2.6B
260
3
3349
14
Fitness & Wellness Tech (Gympass)
(# Cos: 15552 | $16.5B)
Physical Fitness (Peloton)
(# Cos: 9579 | $12.8B)
Fitness and Diet Training Apps (Noom)
(# Cos: 5608 | $4.0B)
Fitness (Hinge Health)
(# Cos: 3349 | $2.6B)
Hinge Health
(2014, United States, $845M)
ASANA REBEL
(2015, Germany, $23.9M)
FitOn
(2018, United States, $11.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Hinge Health (2014, United States)
$400M - Series E - Oct 2021
Keep (2014, China)
$360M - Series F - Jan 2021
Hinge Health (2014, United States)
$300M - Series D - Jan 2021
Kaia Health (2016, Germany)
$75.0M - Series C - Apr 2021
Nex (2017, United States)
$25.0M - Series B - Sep 2021
FitTime (2013, China)
$15.4M - Series C - Aug 2021
Actio (2020, Germany)
$12.1M - Seed - Feb 2021
View all 28 Funding Rounds on Tracxn Platform

17. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
HealthTech - Top Business Models Report
Recent Funding Rounds
Video Based Online Health Information
Platforms
09
17
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$697M (▲723%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$876M
3
-
16
1
Online Health Information (Unite Us)
(# Cos: 3352 | $3.2B)
Internet First Media (Healthline)
(# Cos: 2382 | $1.4B)
Diversified (Medscape)
(# Cos: 348 | $1.1B)
Videos (HealthiNation)
(# Cos: 16 | $876M)
HealthiNation
(2005, United States, $14.0M)
Miaoshou Doctor
(2015, China, $862M)
Lifesaver
(2012, United Kingdom)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Miaoshou Doctor (2015, China)
$466M - Series E - Feb 2021
Miaoshou Doctor (2015, China)
$231M - Series F - Aug 2021

18. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
HealthTech - Top Business Models Report
Recent Funding Rounds
Healthcare IT > Provider >
Administrative Solutions > Suite
10
18
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$655M (▲83%)
13(▼18.8%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
29
$2.2B
106
9
916
10
Healthcare IT (Grand Rounds)
(# Cos: 30323 | $74.2B)
Provider (athenahealth)
(# Cos: 22583 | $42.8B)
Administrative Solutions (Zocdoc)
(# Cos: 9203 | $12.4B)
Suite (PointClickCare)
(# Cos: 916 | $2.2B)
PointClickCare
(2000, Canada, $283M)
Kyruus
(2010, United States, $161M)
Allscripts
(1982, United States)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Olive (2012, United States)
$400M - Series H - Jul 2021
Olive (2012, United States)
$226M - Series G - Dec 2020
Xisoft Technology (2018, China)
$15.6M - Series A - May 2021
WellBeam (2019, United States)
$7.7M - Series A - Oct 2021
Ringmaster Te.. (2018, United States)
$5.0M - Series A - Jul 2021
Zi.Care (2018, Indonesia)
$500K - Seed - Aug 2021
BeWell Digital (2020, India)
$125K - Seed - Mar 2021
View all 13 Funding Rounds on Tracxn Platform

19. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
HealthTech - Top Business Models Report
Recent Funding Rounds
Smart home Gym Equipment
11
19
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$586M (▲189%)
8(▲60%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$962M
14
-
25
4
Fitness & Wellness Tech (HealthifyMe)
(# Cos: 15552 | $16.5B)
Physical Fitness (Gympass)
(# Cos: 9579 | $12.8B)
Smart Exercising Equipment (Zwift)
(# Cos: 177 | $3.3B)
Smart Equipment and Accessories
(Peloton)
(# Cos: 122 | $3.3B)
Home Gyms (Mirror)
(# Cos: 25 | $962M)
Mirror
(2010, United States, $72.0M)
Tonal
(2015, United States, $450M)
Tempo
(2015, United States, $398M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Tonal (2015, United States)
$250M - Series E - Mar 2021
Tempo (2015, United States)
$220M - Series C - Apr 2021
Tempo (2015, United States)
$100M - Series C - Apr 2021
OxeFit (2019, United States)
$12.5M - Series A - Dec 2020
Vitruvian (2018, Australia)
$2.5M - Seed - Nov 2020
AroLeap (2020, India)
$666K - Seed - Oct 2021
AkroSports (2020, Switzerland)
$11.1K - Seed - May 2021
View all 8 Funding Rounds on Tracxn Platform

20. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
HealthTech - Top Business Models Report
Recent Funding Rounds
Value Based Chronic Care Management
12
20
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$561M (▲291%)
18(▲12.5%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
19
$1.9B
144
3
369
13
Healthcare IT (athenahealth)
(# Cos: 30323 | $74.2B)
Value Based Care (Grand Rounds)
(# Cos: 6308 | $23.8B)
Care Coordination (MedBridge)
(# Cos: 1598 | $4.1B)
Care Planning & Management (Birdie)
(# Cos: 1150 | $3.3B)
Chronic care (Wellframe)
(# Cos: 369 | $1.9B)
Wellframe
(2011, United States, $45.1M)
Xealth
(2017, United States, $53.6M)
Memora Health
(2015, United States, $10.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
AllyAlign (2013, United States)
$300M - Series B - Jun 2021
Medlinker (2014, China)
$76.0M - Series D - Nov 2020
Somatus (2015, United States)
$60.1M - Series C - Jun 2021
Tula Health (2018, United States)
$33.9M - Series A - Aug 2021
Xealth (2017, United States)
$25.0M - Series B - Sep 2021
Cohort (2016, United States)
$11.5M - Series B - Dec 2020
Medocity (2012, United States)
$10.8M - Series A - Dec 2020
View all 18 Funding Rounds on Tracxn Platform

21. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
HealthTech - Top Business Models Report
Recent Funding Rounds
Nutrition Planning Apps
13
21
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$551M (▲3814%)
8( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$734M
44
1
483
4
Fitness & Wellness Tech (Gympass)
(# Cos: 15552 | $16.5B)
Physical Fitness (Peloton)
(# Cos: 9579 | $12.8B)
Fitness and Diet Training Apps (Hinge Health)
(# Cos: 5608 | $4.0B)
Nutrition (Oviva)
(# Cos: 1110 | $1.1B)
Apps (Lose It!)
(# Cos: 897 | $811M)
Planning (Noom)
(# Cos: 483 | $734M)
Noom
(2008, United States, $624M)
Lose It!
(2008, United States, $7.0M)
Second Nature
(2015, United Kingdom, $13.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Noom (2008, United States)
$540M - Series F - May 2021
Vivosens (2017, United States)
$6.0M - Series A - Nov 2021
LemonBox (2017, China)
$2.5M - Seed - Dec 2020
Project Well (2019, United States)
$2.0M - Seed - Feb 2021
Measured (2020, United States)
$125K - Seed - Jan 2021
Fitia (2021, Peru)
$125K - Seed - Sep 2021
Mint network (2007, China)
Undisclosed - Series D - May 2021
View all 8 Funding Rounds on Tracxn Platform

22. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
HealthTech - Top Business Models Report
Recent Funding Rounds
CollectiveHea.. (2013, United States)
$280M - Series F - May 2021
Innovaccer (2014, United States)
$105M - Series D - Feb 2021
Vim (2014, United States)
$60.0M - Series C - May 2021
Betterfly (2018, Chile)
$60.0M - Series B - Jun 2021
Eden Health (2016, United States)
$60.0M - Series C - Feb 2021
Origin (2019, United States)
$56.0M - Series B - Aug 2021
Carrum Health (2013, United States)
$40.0M - Series A - Jan 2021
View all 28 Funding Rounds on Tracxn Platform
Employee Healthcare Benefits
Administration
14
22
Back to index
Employee Health IT (Gympass)
(# Cos: 3067 | $15.9B)
Healthcare Benefits Administration
(HealthEquity)
(# Cos: 654 | $5.4B)
Benefits Management (Accolade)
(# Cos: 457 | $3.3B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$541M (▲293%)
28(▲40%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
53
$3.3B
177
8
457
33
Accolade
(2007, United States, $213M)
HealthEquity
(2002, United States, $15.3M)
Innovaccer
(2014, United States, $228M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

23. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
HealthTech - Top Business Models Report
Recent Funding Rounds
Healthcare Booking Platforms
15
23
Back to index
Healthcare Booking Platforms (PharmEasy)
(# Cos: 17042 | $33.1B)
Diversified (1mg)
(# Cos: 909 | $2.4B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$508M (▲159%)
18(▼10%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
12
$2.4B
116
3
909
18
1mg
(2015, India, $141M)
Mfine
(2017, India, $83.6M)
Practo
(2008, India, $251M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
WeDoctor (2010, China)
$350M - Series D - Dec 2020
Mfine (2017, India)
$48.0M - Series C - Jul 2021
MediBuddy (2002, India)
$40.0M - Series B - Feb 2021
Sesame (2018, United States)
$24.0M - Series B - Apr 2021
CallHealth (2013, India)
$20.1M - Series C - Mar 2021
Top Doctors (2013, Spain)
$13.0M - Series B - Oct 2021
Meddo (2018, India)
$6.0M - Seed - Jun 2021
View all 18 Funding Rounds on Tracxn Platform

24. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
HealthTech - Top Business Models Report
Recent Funding Rounds
Healthcare IT > Provider > Professional Network
> Social Platform > Doctors
16
24
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$500M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$895M
24
3
145
4
Healthcare IT (Grand Rounds)
(# Cos: 30323 | $74.2B)
Provider (athenahealth)
(# Cos: 22583 | $42.8B)
Professional Network (DailyRounds)
(# Cos: 725 | $1.9B)
Social Platform (Docquity)
(# Cos: 271 | $897M)
Doctors (Doximity)
(# Cos: 145 | $895M)
Doximity
(2011, United States, $81.8M)
Docquity
(2015, Singapore, $13.0M)
DXY
(2000, China, $682M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
DXY (2000, China)
$500M - Series E - Dec 2020
PlexusMD (2014, India)
$135K - Seed - Jun 2021

25. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
HealthTech - Top Business Models Report
Recent Funding Rounds
Online Pharmacy for Mens Health
17
25
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$500M (▲150%)
5(▲25%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$1.2B
11
-
105
4
Healthcare Booking Platforms (23andMe)
(# Cos: 17042 | $33.1B)
Pharmacies (Ro)
(# Cos: 5505 | $9.3B)
Drugs (PharmEasy)
(# Cos: 3333 | $8.0B)
Mens Health (Hims)
(# Cos: 105 | $1.2B)
Hims
(2017, United States, $197M)
Ro
(2017, United States, $876M)
Manual
(2016, United Kingdom, $36.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Ro (2017, United States)
$500M - Series D - Mar 2021
Manual (2016, United Kingdom)
$30.0M - Series A - Mar 2021
Mosaic Wellness (2019, India)
$24.0M - Series A - Nov 2021
Mosaic Wellness (2019, India)
$7.2M - Series A - Dec 2020
Mars by GHC (2020, India)
$5.2M - Seed - Jun 2021

26. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
HealthTech - Top Business Models Report
Recent Funding Rounds
Patient Recruitment Platforms for
Clinical Trials
18
26
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$462M (▲594%)
9(▼18.2%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
11
$864M
69
-
207
10
Life Sciences Tech (Veeva Systems)
(# Cos: 4693 | $24.4B)
Research & Development (Illumina)
(# Cos: 3792 | $20.5B)
Clinical Trials (Medidata)
(# Cos: 946 | $3.5B)
Scientific Sourcing (myTomorrows)
(# Cos: 243 | $995M)
Patients (TrialSpark)
(# Cos: 207 | $864M)
TrialSpark
(2014, United States, $156M)
myTomorrows
(2012, Netherlands, $22.3M)
PatientsLikeMe
(2004, United States, $151M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Reify Health (2012, United States)
$220M - Series C - Aug 2021
TrialSpark (2014, United States)
$156M - Series C - Oct 2021
PatientsLikeMe (2004, United States)
$26.0M - Series D - Feb 2021
Antidote (2008, United Kingdom)
$23.2M - Series C - Jun 2021
Mendel Health (2016, United States)
$18.0M - Series A - Jun 2021
HealthMatch (2016, Australia)
$13.4M - Series B - Dec 2020
BEKHealth (2016, United States)
$4.6M - Series A - Jun 2021
View all 9 Funding Rounds on Tracxn Platform

27. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
HealthTech - Top Business Models Report
Recent Funding Rounds
Papa (2015, United States)
$150M - Series D - Nov 2021
Mable (2014, Australia)
$100M - Series C - Sep 2021
Honor (2014, United States)
$70.0M - Series E - Oct 2021
Papa (2015, United States)
$60.0M - Series C - Apr 2021
Homage (2016, Singapore)
$30.0M - Series C - Sep 2021
Cariloop (2012, United States)
$15.0M - Series B - Jul 2021
Kare (2019, United States)
$7.8M - Series A - Aug 2021
View all 15 Funding Rounds on Tracxn Platform
Online Caregiver Booking Platforms
19
27
Back to index
Healthcare Booking Platforms (PharmEasy)
(# Cos: 17042 | $33.1B)
Home Healthcare (Care.com)
(# Cos: 428 | $1.4B)
Caregivers (Honor)
(# Cos: 239 | $1.1B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$455M (▲141%)
15(▼6.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
8
$1.1B
82
1
239
17
Honor
(2014, United States, $325M)
Care.com
(2006, United States, $111M)
Papa
(2015, United States, $244M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

28. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
HealthTech - Top Business Models Report
Recent Funding Rounds
Blood Glucose Monitoring Apps
20
28
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$439M (▲260%)
8(▼20%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
7
$1.3B
67
1
370
11
Disease Self Management (Tyto Care)
(# Cos: 10223 | $17.2B)
Diabetes (Virta)
(# Cos: 636 | $3.1B)
Monitoring (Bigfoot Biomedical)
(# Cos: 634 | $3.1B)
Glucose (Dexcom)
(# Cos: 622 | $3.1B)
App (Livongo)
(# Cos: 370 | $1.3B)
Livongo
(2014, United States, $242M)
Virta
(2014, United States, $402M)
Glooko
(2010, United States, $115M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Twin (2018, United States)
$141M - Series C - Oct 2021
Virta (2014, United States)
$133M - Series E - Apr 2021
Virta (2014, United States)
$65.0M - Series D - Dec 2020
Quin (2014, United Kingdom)
$30.2M - Series A - Jan 2021
Glooko (2010, United States)
$30.0M - Series D - Mar 2021
January (2017, United States)
$19.5M - Series B - Jan 2021
Glytec Systems (2005, United States)
$12.0M - Series B - Apr 2021
View all 8 Funding Rounds on Tracxn Platform

29. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
HealthTech - Top Business Models Report
Recent Funding Rounds
Online Biochemical Testing Labs
21
29
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$434M (▲463%)
12(▲33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
5
$773M
53
-
287
8
Healthcare Booking Platforms (PharmEasy)
(# Cos: 17042 | $33.1B)
Diagnostics (MyHeritage)
(# Cos: 691 | $3.5B)
Internet First Clinical Labs (23andMe)
(# Cos: 453 | $3.4B)
Biochemical Tests (Everly
Wellness)
(# Cos: 287 | $773M)
Everly Wellness
(2015, United States, $305M)
LetsGetChecked
(2014, Ireland, $265M)
Modern Fertility
(2016, United States, $22.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Everly Wellness (2015, United States)
$175M - Series D - Dec 2020
LetsGetChecked (2014, Ireland)
$150M - Series D - Jun 2021
Everly Wellness (2015, United States)
$75.0M - Series D - Jan 2021
Recuro Health (2021, United States)
$15.0M - Series A - Aug 2021
Legacy (2014, United States)
$10.0M - Series A - Apr 2021
Lykon (2015, Germany)
$7.7M - Seed - Jun 2021
Base (2020, United States)
$3.4M - Seed - Feb 2021
View all 12 Funding Rounds on Tracxn Platform

30. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
HealthTech - Top Business Models Report
Recent Funding Rounds
Papa (2015, United States)
$150M - Series D - Nov 2021
Maven (2014, United States)
$110M - Series D - Aug 2021
Carrot (2016, United States)
$75.0M - Series C - Aug 2021
Papa (2015, United States)
$60.0M - Series C - Apr 2021
Cleo (2016, United States)
$40.0M - Series C - Mar 2021
Cleo (2016, United States)
$31.2M - Series B - Dec 2020
Stork Club (2017, United States)
$30.0M - Series A - Jun 2021
View all 9 Funding Rounds on Tracxn Platform
Employee Family Benefits
Administration
22
30
Back to index
Employee Health IT (Gympass)
(# Cos: 3067 | $15.9B)
Healthcare Benefits Administration (Accolade)
(# Cos: 654 | $5.4B)
Family Benefits (Ovia Health)
(# Cos: 28 | $832M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$421M (▲473%)
9(▲28.6%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$832M
15
1
28
8
Ovia Health
(2012, United States, $23.5M)
Papa
(2015, United States, $244M)
Cleo
(2016, United States, $84.7M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

31. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
HealthTech - Top Business Models Report
Recent Funding Rounds
Decentralized Clinical Trial Management
23
31
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$418M (▲215%)
4(▲33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$560M
4
-
7
3
Life Sciences Tech (Veeva Systems)
(# Cos: 4693 | $24.4B)
Research & Development (Illumina)
(# Cos: 3792 | $20.5B)
Clinical Trials (Medidata)
(# Cos: 946 | $3.5B)
Study Implementation (Unlearn)
(# Cos: 491 | $1.9B)
CTMS and EDC (Florence)
(# Cos: 454 | $1.4B)
CTMS (Clinical Ink)
(# Cos: 278 | $1.0B)
Decentralized Clinical Trials
(Medable)
(# Cos: 7 | $560M)
Medable
(2012, United States, $521M)
Curebase
(2017, United States, $19.0M)
Hawthorne Effect
(2015, United States, $20.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Medable (2012, United States)
$304M - Series D - Oct 2021
Medable (2012, United States)
$78.0M - Series C - Apr 2021
Hawthorne Eff.. (2015, United States)
$20.0M - Series A - Jun 2021
Curebase (2017, United States)
$16.4M - Series A - May 2021

32. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
HealthTech - Top Business Models Report
Recent Funding Rounds
EDDA Technology (2003, United States)
$150M - Series D - Apr 2021
eCential Robotics (2009, France)
$120M - Series C - Jan 2021
Shukun Technology (2017, China)
$108M - Series D - Aug 2021
Shukun Technology (2017, China)
$90.2M - Series C - Dec 2020
AIdoc (2016, Israel)
$66.0M - Series C - Jul 2021
Lunit (2013, South Korea)
$26.0M - Series C - Jul 2021
DeepSight (2019, United States)
$25.0M - Series A - Oct 2021
View all 31 Funding Rounds on Tracxn Platform
Radiological Image Analysis Softwares
24
32
Back to index
Clinical Labs IT (Ibex)
(# Cos: 1685 | $3.3B)
Radiology (Zebra Medical Vision)
(# Cos: 905 | $2.3B)
Image Analysis (Siemens Healthineers)
(# Cos: 585 | $1.9B)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$411M (▲593%)
31(▲24%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
30
$1.9B
227
13
585
24
Siemens Healthineers
(2016, Germany)
Zebra Medical Vision
(2014, Israel, $50.0M)
Kheiron Medical Techno..
(2016, United Kingdom, $30.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

33. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
HealthTech - Top Business Models Report
Recent Funding Rounds
Genomics Based Drug Development
Software
25
33
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$404M (▲46.5%)
8(▲14.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$1.5B
41
2
101
9
Life Sciences Tech (Medidata)
(# Cos: 4693 | $24.4B)
Research & Development (Illumina)
(# Cos: 3792 | $20.5B)
Drug Discovery (ATAI)
(# Cos: 1141 | $11.6B)
Genomics (Human Longevity)
(# Cos: 707 | $5.1B)
Drug Development (Insilico)
(# Cos: 101 | $1.5B)
Insilico
(2014, China, $310M)
Arrakis Therapeutics
(2015, United States, $113M)
Brightseed
(2018, United States, $52.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Insilico (2014, China)
$255M - Series C - Jun 2021
Expansion The.. (2016, United States)
$80.0M - Series B - Sep 2021
Lifebit (2017, United Kingdom)
$60.0M - Series B - Sep 2021
Kinomica (2017, United Kingdom)
$5.2M - Series A - Dec 2020
PhenoTips (2012, Canada)
$2.0M - Seed - Sep 2021
Mass Dynamics (2015, Australia)
$1.5M - Seed - May 2021
Xbiome (2019, China)
Undisclosed - Series B - Dec 2020
View all 8 Funding Rounds on Tracxn Platform

34. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
HealthTech - Top Business Models Report
Recent Funding Rounds
Online Doctor Appointment Booking
Platform
26
34
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$385M (▲282%)
19(▲35.7%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
29
$2.1B
184
2
1426
18
Healthcare Booking Platforms (PharmEasy)
(# Cos: 17042 | $33.1B)
Doctors (Babylon)
(# Cos: 8410 | $13.2B)
Appointment Booking (Solv)
(# Cos: 1690 | $2.3B)
Diversified (Zocdoc)
(# Cos: 1426 | $2.1B)
Zocdoc
(2007, United States, $375M)
Solv
(2016, United States, $95.0M)
DocPlanner
(2011, Poland, $141M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Zocdoc (2007, United States)
$150M - Series E - Feb 2021
Twin (2018, United States)
$141M - Series C - Oct 2021
Solv (2016, United States)
$45.0M - Series C - Sep 2021
Avi Medical (2020, Germany)
$34.7M - Series A - Jun 2021
eka.care (2021, India)
$4.5M - Seed - Jul 2021
Medimap (2015, Canada)
$2.8M - Seed - Aug 2021
Rocket Doctor (2020, Canada)
$2.7M - Seed - May 2021
View all 19 Funding Rounds on Tracxn Platform

35. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
HealthTech - Top Business Models Report
Recent Funding Rounds
Personal Fitness Training Apps
27
35
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$383M (▲321%)
9(▲12.5%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
9
$1.0B
108
-
1581
8
Fitness & Wellness Tech (Gympass)
(# Cos: 15552 | $16.5B)
Physical Fitness (Peloton)
(# Cos: 9579 | $12.8B)
Fitness and Diet Training Apps (Noom)
(# Cos: 5608 | $4.0B)
Fitness (Hinge Health)
(# Cos: 3349 | $2.6B)
Apps (Kaia Health)
(# Cos: 1987 | $1.1B)
Training (ASANA REBEL)
(# Cos: 1581 | $1.0B)
ASANA REBEL
(2015, Germany, $23.9M)
Kaia Health
(2016, Germany, $125M)
Fittr
(2012, India, $13.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Keep (2014, China)
$360M - Series F - Jan 2021
Kaia Health (2016, Germany)
$75.0M - Series C - Apr 2021
Nex (2017, United States)
$25.0M - Series B - Sep 2021
Fittr (2012, India)
$11.5M - Series A - Sep 2021
Sugar Fitness (2018, United States)
$10.0M - Seed - Sep 2021
Bold (2017, United States)
$7.0M - Seed - Feb 2021
Jennis Fitness (2019, United Kingdom)
$1.4M - Seed - Oct 2021
View all 9 Funding Rounds on Tracxn Platform

36. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
HealthTech - Top Business Models Report
Recent Funding Rounds
Symptom Tracking Solutions
28
36
Back to index
Disease Self Management (Dexcom)
(# Cos: 10223 | $17.2B)
Symptom Checkers (Kang Health)
(# Cos: 318 | $781M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$379M (▲94.5%)
9(▼25%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$781M
50
-
318
11
Kang Health
(2016, United States, $283M)
Buoy Health
(2014, United States, $86.7M)
Ada
(2011, Germany, $137M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Kang Health (2016, United States)
$132M - Series E - Jan 2021
AskTia (2014, United States)
$100M - Series B - Sep 2021
Ada (2011, Germany)
$90.5M - Series B - May 2021
Kang Health (2016, United States)
$42.0M - Series D - Nov 2020
Mediktor (2011, Spain)
$13.0M - Series B - Oct 2021
MayaMD (2018, United States)
$1.1M - Seed - Mar 2021
Zealth-AI (2020, Singapore)
$125K - Seed - Mar 2021
View all 9 Funding Rounds on Tracxn Platform

37. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
HealthTech - Top Business Models Report
Recent Funding Rounds
Molecular Modeling Solutions
29
37
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$358M (▲ >10K%)
8(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$443M
45
-
109
4
Life Sciences Tech (Medidata)
(# Cos: 4693 | $24.4B)
Research & Development (Illumina)
(# Cos: 3792 | $20.5B)
Drug Informatics (Benchling)
(# Cos: 746 | $3.3B)
Molecular Modeling (Asimov)
(# Cos: 109 | $443M)
Asimov
(2017, United States, $4.7M)
Cellarity
(2015, United States, $173M)
PharmEnable
(2016, United Kingdom, $2.2M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Cellarity (2015, United States)
$123M - Series B - Feb 2021
Stonewise (2018, China)
$100M - Series B - Apr 2021
Entos (2019, United States)
$53.0M - Series A - Jul 2021
Enveda (2019, United States)
$51.0M - Series A - Jun 2021
Reverie Labs (2017, United States)
$25.0M - Series A - Feb 2021
Enveda (2019, United States)
$4.9M - Seed - Dec 2020
Beijing Chaowei Zhiya.. (2020, China)
$1.5M - Seed - Jul 2021
View all 8 Funding Rounds on Tracxn Platform

38. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
HealthTech - Top Business Models Report
Recent Funding Rounds
Digital Therapeutics for Mental
Disorders
30
38
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Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$355M (▲64.6%)
13(▼13.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
5
$1.2B
71
-
144
17
Healthcare IT (athenahealth)
(# Cos: 30323 | $74.2B)
Value Based Care (Grand Rounds)
(# Cos: 6308 | $23.8B)
Patient Engagement (Livongo)
(# Cos: 2235 | $7.9B)
Digital Therapeutics (Omada Health)
(# Cos: 573 | $4.2B)
Mental Health (Pear Therapeutics)
(# Cos: 144 | $1.2B)
Pear Therapeutics
(2013, United States, $266M)
Akili Interactive Labs
(2011, United States, $230M)
SilverCloud
(2011, United States, $30.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Pear Therapeu.. (2013, United States)
$132M - Series D - Mar 2021
Akili Interac.. (2011, United States)
$110M - Series D - May 2021
Click Therape.. (2012, United States)
$52.1M - Series B - Oct 2021
Meru Health (2016, United States)
$38.0M - Series B - Sep 2021
AppliedVR (2014, United States)
$36.0M - Series B - Nov 2021
AppliedVR (2014, United States)
$29.0M - Series A - Mar 2021
Blue Note The.. (2018, United States)
$26.3M - Series A - Feb 2021
View all 13 Funding Rounds on Tracxn Platform

39. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
HealthTech - Top Business Models Report
Recent Funding Rounds
Direct to consumer Saliva Testing Labs
31
39
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$354M (▲372%)
5(▲400%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$1.4B
4
-
8
2
Healthcare Booking Platforms (PharmEasy)
(# Cos: 17042 | $33.1B)
Diagnostics (Healthians)
(# Cos: 691 | $3.5B)
Internet First Clinical Labs (Everly Wellness)
(# Cos: 453 | $3.4B)
Genetic Tests (MyHeritage)
(# Cos: 148 | $2.4B)
Saliva Testing (23andMe)
(# Cos: 8 | $1.4B)
23andMe
(2006, United States, $943M)
Color
(2013, United States, $491M)
Orchid
(2019, Australia, $4.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Color (2013, United States)
$167M - Series D - Jan 2021
Color (2013, United States)
$100M - Series E - Nov 2021
23andMe (2006, United States)
$82.5M - Series F - Dec 2020
Orchid (2019, Australia)
$4.5M - Seed - Apr 2021
Dive Health (2019, United States)
$125K - Seed - Sep 2021

40. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
HealthTech - Top Business Models Report
Recent Funding Rounds
Clinical Decision Support Tools for
Disease Diagnosis
32
40
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Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$353M (▲123%)
7(▲40%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$1.0B
35
2
106
5
Healthcare IT (Grand Rounds)
(# Cos: 30323 | $74.2B)
Provider (athenahealth)
(# Cos: 22583 | $42.8B)
Clinical Operations (MMIT Network)
(# Cos: 3792 | $17.1B)
Decision Support (Personalis)
(# Cos: 3522 | $16.5B)
Diagnosis (Ibex)
(# Cos: 2066 | $8.6B)
Differential Diagnosis (Eko)
(# Cos: 1754 | $8.3B)
Diagnostics (Niramai)
(# Cos: 384 | $2.0B)
Devices and platform (Align
Technology)
(# Cos: 384 | $2.0B)
Generic (Siemens
Healthineers)
(# Cos: 106 | $1.0B)
Siemens Healthineers
(2016, Germany)
LumiraDx
(1992, United States, $704M)
Iterative Scopes
(2017, United States, $43.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
LumiraDx (1992, United States)
$164M - Series D - Dec 2020
WuXi Diagnost.. (2018, United States)
$150M - Series B - Feb 2021
Iterative Sco.. (2017, United States)
$30.0M - Series A - Aug 2021
ProciseDx (2018, United States)
$13.0M - Series B - Jul 2021
NuvoAir (2015, Sweden)
$12.0M - Series A - Jun 2021
Surfix (2021, Netherlands)
$10.4M - Series A - May 2021
Femdx Medsyste (2020, United States)
$3.5M - Series A - Jan 2021

41. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
HealthTech - Top Business Models Report
Recent Funding Rounds
Healthcare IT > Provider > Administrative Solutions >
Business and Market Intelligence > Market Intelligence
33
41
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$350M (▲563%)
5(▲66.7%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
12
$549M
18
1
93
3
Healthcare IT (Grand Rounds)
(# Cos: 30323 | $74.2B)
Provider (athenahealth)
(# Cos: 22583 | $42.8B)
Administrative Solutions (Zocdoc)
(# Cos: 9203 | $12.4B)
Business and Market Intelligence (EXL)
(# Cos: 424 | $1.5B)
Market Intelligence (Evidation)
(# Cos: 93 | $549M)
Evidation
(2012, United States, $259M)
Axtria
(2010, United States, $209M)
Definitive Healthcare
(2008, United States)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Evidation (2012, United States)
$153M - Series E - Mar 2021
Axtria (2010, United States)
$150M - Series D - May 2021
Prospection (2012, United States)
$45.0M - Series B - Sep 2021
Thrivable (2005, United States)
$1.7M - Seed - Jun 2021
Doceree (2018, United States)
Undisclosed - Seed - Jun 2021

42. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
HealthTech - Top Business Models Report
Recent Funding Rounds
Online Gym Membership Pass
34
42
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$336M (▲13.3%)
5(▲25%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
10
$1.5B
51
-
154
7
Fitness & Wellness Tech (HealthifyMe)
(# Cos: 15552 | $16.5B)
Physical Fitness (Peloton)
(# Cos: 9579 | $12.8B)
Fitness Centers (Urban Sports Club)
(# Cos: 474 | $2.1B)
Marketplaces (Smart Fit)
(# Cos: 345 | $1.9B)
Membership Pass (Gympass)
(# Cos: 154 | $1.5B)
Gympass
(2012, United States, $710M)
Urban Sports Club
(2012, Germany, $95.4M)
ClassPass
(2013, United States, $550M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Gympass (2012, United States)
$220M - Series E - Jun 2021
Urban Sports Club (2012, Germany)
$95.4M - Series B - Jun 2021
SunPig (2015, China)
$16.8M - Series B - Jan 2021
Fitprime (2016, Italy)
$3.0M - Series A - Jan 2021
FitReserve (2015, United States)
$739K - Seed - Oct 2021

43. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
HealthTech - Top Business Models Report
Recent Funding Rounds
Mental Health Teleconsultation
35
43
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Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$326M (▲44.8%)
25(▼7.4%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
16
$907M
154
3
812
9
Healthcare Booking Platforms (PharmEasy)
(# Cos: 17043 | $33.1B)
Doctors (Zocdoc)
(# Cos: 8411 | $13.2B)
Telemedicine (Amwell)
(# Cos: 5325 | $9.5B)
Teleconsultation (Babylon)
(# Cos: 5158 | $9.4B)
Mental Health (Dialogue)
(# Cos: 812 | $907M)
Dialogue
(2016, Canada, $88.2M)
Talkspace
(2011, United States, $109M)
LifeStance
(2017, United States)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Cerebral (2020, United States)
$127M - Series B - Jun 2021
Headway (2012, United States)
$70.0M - Series B - May 2021
Haoxinqing (2016, China)
$31.0M - Series C - Sep 2021
Headway (2012, United States)
$26.0M - Series A - Nov 2020
Equip (2019, United States)
$13.0M - Series A - Feb 2021
DotCom Therapy (2015, United States)
$13.0M - Series A - Sep 2021
Brave Health (2017, United States)
$10.0M - Series B - Oct 2021
View all 25 Funding Rounds on Tracxn Platform

44. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
HealthTech - Top Business Models Report
Recent Funding Rounds
Healthcare IT > Provider > Telemedicine Solutions > Tele-
Consultation > Providers > Behavioral Health
36
44
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$322M (▲519%)
5(▲66.7%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$465M
17
-
41
5
Healthcare IT (Grand Rounds)
(# Cos: 30323 | $74.2B)
Provider (athenahealth)
(# Cos: 22583 | $42.8B)
Telemedicine Solutions (Amwell)
(# Cos: 2383 | $3.6B)
Tele-Consultation (Heartbeat)
(# Cos: 1338 | $2.6B)
Providers (Oviva)
(# Cos: 1245 | $2.4B)
Behavioral Health (SonderMind)
(# Cos: 41 | $465M)
SonderMind
(2014, United States, $276M)
Brightline
(2019, United States, $97.0M)
MindCare Solutions
(2013, United States, $28.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
SonderMind (2014, United States)
$242M - Series C - Jul 2021
Brightline (2019, United States)
$72.0M - Series B - Jun 2021
Calmerry (2020, United States)
$5.0M - Seed - Apr 2021
IHC (2019, United States)
$3.0M - Seed - Feb 2021
SonderMind (2014, United States)
$475K - Series B - May 2021

45. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
HealthTech - Top Business Models Report
Recent Funding Rounds
Healthcare IT > Provider > Professional Network
> Clinical Resources
37
45
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Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$306M (▲115%)
2( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
5
$544M
24
-
114
2
Healthcare IT (Grand Rounds)
(# Cos: 30323 | $74.2B)
Provider (athenahealth)
(# Cos: 22583 | $42.8B)
Professional Network (Doximity)
(# Cos: 725 | $1.9B)
Clinical Resources (AMBOSS)
(# Cos: 114 | $544M)
AMBOSS
(2012, Germany, $32.8M)
iDoctus
(2011, United States)
QxMD
(2006, Canada)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Medbanks (2015, China)
$305M - Series E - Dec 2020
Pathway (2019, Canada)
$1.3M - Seed - Oct 2021

46. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
HealthTech - Top Business Models Report
Recent Funding Rounds
Clinical Data Analysis Platforms
38
46
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Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$284M (▲931%)
10(▼9.1%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
10
$1.4B
87
5
259
9
Life Sciences Tech (Medidata)
(# Cos: 4693 | $24.4B)
Research & Development (Illumina)
(# Cos: 3792 | $20.5B)
Drug Informatics (Benchling)
(# Cos: 746 | $3.3B)
Clinical Data Analysis (Strand Life
Sciences)
(# Cos: 259 | $1.4B)
Strand Life Sciences
(2000, India, $34.9M)
NantHealth
(2007, United States, $608M)
Holmusk
(2015, Singapore, $34.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
iCarbonX (2015, China)
$151M - Series D - Apr 2021
BioAge Labs (2015, United States)
$90.0M - Series C - Dec 2020
Immuneering C.. (2008, United States)
$62.0M - Series B - Jan 2021
NeoCura (2019, United States)
$38.2M - Series A - Dec 2020
Elucidata (2015, United States)
$5.0M - Seed - Dec 2020
My Intelligent Machi.. (2016, Canada)
$5.0M - Seed - Apr 2021
baseimmune (2019, United Kingdom)
$4.8M - Seed - Nov 2021
View all 10 Funding Rounds on Tracxn Platform

47. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
HealthTech - Top Business Models Report
Recent Funding Rounds
Tech Enabled Clinical Labs For
Employees
39
47
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Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$283M (▲218%)
8(▲14.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$577M
15
-
137
3
Employee Health IT (Accolade)
(# Cos: 3067 | $15.9B)
Tech Enabled Services (Gympass)
(# Cos: 1915 | $10.3B)
Health Screening (BioIQ)
(# Cos: 473 | $660M)
Tech Enabled Clinical Labs (Color)
(# Cos: 137 | $577M)
Color
(2013, United States, $491M)
BioIQ
(2005, United States, $61.6M)
PWN Health
(2015, United States)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Color (2013, United States)
$167M - Series D - Jan 2021
Color (2013, United States)
$100M - Series E - Nov 2021
Recuro Health (2021, United States)
$15.0M - Series A - Aug 2021
VaxAtlas (2008, United States)
$1.0M - Seed - Mar 2021
IdentifySensors (2006, United States)
$810K - Seed - Mar 2021
VaxAtlas (2008, United States)
$200K - Seed - Jan 2021
CoVerified (2020, United States)
$125K - Seed - Jan 2021
View all 8 Funding Rounds on Tracxn Platform

48. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
HealthTech - Top Business Models Report
Recent Funding Rounds
Healthcare IT > Value Based Care > Patient
Engagement > Suite Solutions
40
48
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Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$281M (▲676%)
26(▲271%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
15
$845M
91
2
381
10
Healthcare IT (athenahealth)
(# Cos: 30323 | $74.2B)
Value Based Care (Grand Rounds)
(# Cos: 6308 | $23.8B)
Patient Engagement (Omada Health)
(# Cos: 2235 | $7.9B)
Suite Solutions (ConnectiveRx)
(# Cos: 381 | $845M)
ConnectiveRx
(2015, United States, $300M)
Wellist
(2013, United States, $13.5M)
Health Recovery Soluti..
(2012, United States, $84.7M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Health Recove.. (2012, United States)
$70.0M - Series C - Mar 2021
Tendo (2020, United States)
$50.0M - Series B - Jun 2021
Cadence (2021, United States)
$41.0M - Series A - Aug 2021
b.well (2015, United States)
$32.0M - Series B - Jul 2021
Nile (2017)
$29.3M - Series B - Jan 2021
Lifelink Syst.. (2015, United States)
$9.8M - Series A - Mar 2021
The Araz Group (1982, United States)
$9.5M - Series A - Jan 2021
View all 26 Funding Rounds on Tracxn Platform

49. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
HealthTech - Top Business Models Report
Recent Funding Rounds
Self-Funded Health Insurance
Administration for Employers
41
49
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Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$280M (▲4567%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
5
$766M
9
-
28
3
Employee Health IT (Gympass)
(# Cos: 3067 | $15.9B)
Healthcare Benefits Administration
(HealthEquity)
(# Cos: 654 | $5.4B)
Benefits Management (Accolade)
(# Cos: 457 | $3.3B)
Self-Funded Insurance
Administration (CollectiveHealth)
(# Cos: 28 | $766M)
CollectiveHealth
(2013, United States, $714M)
Apostrophe
(2017, United States, $17.3M)
Elma Care
(2017, Spain, $3.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
CollectiveHea.. (2013, United States)
$280M - Series F - May 2021

50. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
HealthTech - Top Business Models Report
Recent Funding Rounds
Digital Therapeutics for Chronic
Conditions
42
50
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$272M (▲69.3%)
9(▲80%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
5
$1.4B
53
4
114
9
Healthcare IT (athenahealth)
(# Cos: 30323 | $74.2B)
Value Based Care (Grand Rounds)
(# Cos: 6308 | $23.8B)
Patient Engagement (Pear Therapeutics)
(# Cos: 2235 | $7.9B)
Digital Therapeutics (Livongo)
(# Cos: 573 | $4.2B)
Chronic (Omada Health)
(# Cos: 114 | $1.4B)
Omada Health
(2011, United States, $258M)
Livongo
(2014, United States, $242M)
Virta
(2014, United States, $402M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Virta (2014, United States)
$133M - Series E - Apr 2021
Virta (2014, United States)
$65.0M - Series D - Dec 2020
Glooko (2010, United States)
$30.0M - Series D - Mar 2021
Spiras Health (2015, United States)
$14.0M - Series B - Jun 2021
Swing Therape.. (2019, United States)
$9.0M - Seed - Aug 2021
Tilak Healthcare (2016, France)
$8.1M - Series A - Oct 2021
Lucine (2017, France)
$6.5M - Seed - Nov 2020
View all 9 Funding Rounds on Tracxn Platform

51. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
HealthTech - Top Business Models Report
Recent Funding Rounds
Business Intelligence Solutions for
Healthcare Providers
43
51
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Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$264M (▲320%)
12(▲33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
61
$1.5B
92
5
424
13
Healthcare IT (Grand Rounds)
(# Cos: 30323 | $74.2B)
Provider (athenahealth)
(# Cos: 22583 | $42.8B)
Administrative Solutions (Zocdoc)
(# Cos: 9203 | $12.4B)
Business and Market Intelligence
(EXL)
(# Cos: 424 | $1.5B)
EXL
(1999, United States, $10.0M)
Komodo Health
(2014, United States, $334M)
Evidation
(2012, United States, $259M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Komodo Health (2014, United States)
$220M - Series E - Mar 2021
Evidation (2012, United States)
$153M - Series E - Mar 2021
Axtria (2010, United States)
$150M - Series D - May 2021
Prospection (2012, United States)
$45.0M - Series B - Sep 2021
Komodo Health (2014, United States)
$44.0M - Series D - Jan 2021
AgendaPro (2012, Chile)
$2.0M - Series A - Oct 2021
Thrivable (2005, United States)
$1.7M - Seed - Jun 2021
View all 12 Funding Rounds on Tracxn Platform

52. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
HealthTech - Top Business Models Report
Recent Funding Rounds
Life Science Coworking Labs
44
52
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Life Sciences Tech (Illumina)
(# Cos: 4693 | $24.4B)
Coworking Labs (SmartLabs)
(# Cos: 15 | $286M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$250M (▲594%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$286M
3
-
15
1
SmartLabs
(2000, United States, $286M)
BioLabs
(2015, United States)
Bonneville Labs
(2017, United States)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
SmartLabs (2000, United States)
$250M - Series B - Sep 2021

53. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
HealthTech - Top Business Models Report
Recent Funding Rounds
Healthcare Data Management
45
53
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Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$248M (▲208%)
28(▲155%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
69
$1.3B
186
6
877
16
Healthcare IT (Grand Rounds)
(# Cos: 30323 | $74.2B)
Provider (athenahealth)
(# Cos: 22583 | $42.8B)
Administrative Solutions (Zocdoc)
(# Cos: 9203 | $12.4B)
Data Management (Datavant)
(# Cos: 1273 | $1.8B)
Clinical Data Management (Veeva
Systems)
(# Cos: 877 | $1.3B)
Veeva Systems
(2007, United States, $4.0M)
Ambra Health
(2006, United States, $47.8M)
Terarecon
(1997, United States, $29.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Senyi (2016, China)
$77.1M - Series E - Jul 2021
Senyi (2016, China)
$61.1M - Series D - Dec 2020
VisiQuate (2009, United States)
$50.0M - Series D - Jul 2021
Superconducti.. (2017, United States)
$21.0M - Series B - Jun 2021
Centaur Labs (2015, United States)
$15.0M - Series A - Sep 2021
Cord (2020, United States)
$13.7M - Series A - Oct 2021
Sync.MD (2015, United States)
$10.0M - Series B - Sep 2021
View all 28 Funding Rounds on Tracxn Platform

54. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
HealthTech - Top Business Models Report
Recent Funding Rounds
Body Chemistry Monitoring Devices
46
54
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Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$238M (▲108%)
2(▼33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$620M
27
3
42
5
Disease Self Management (Dexcom)
(# Cos: 10223 | $17.2B)
Body Health Parameters (GraphWear)
(# Cos: 776 | $1.8B)
Monitoring (Withings)
(# Cos: 776 | $1.8B)
Body Chemistry (Valencell)
(# Cos: 42 | $620M)
Device (Cue Health)
(# Cos: 42 | $620M)
Cue Health
(2010, United States, $406M)
Valencell
(2006, United States, $37.6M)
Masimo
(1989, United States)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Cue Health (2010, United States)
$235M - Series D - May 2021
Bisu (2003, Japan)
$3.2M - Seed - Oct 2021

55. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
HealthTech - Top Business Models Report
Recent Funding Rounds
Healthcare IT > Provider > Clinical Operations > Decision Support >
Diagnosis > Differential Diagnosis > Diagnostics > Devices and platform >
Ultrasound
47
55
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$238M (▲162%)
3(▲50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$378M
7
-
19
2
Healthcare IT (Grand Rounds)
(# Cos: 30323 | $74.2B)
Provider (athenahealth)
(# Cos: 22583 | $42.8B)
Clinical Operations (MMIT Network)
(# Cos: 3792 | $17.1B)
Decision Support (Personalis)
(# Cos: 3522 | $16.5B)
Diagnosis (Ibex)
(# Cos: 2066 | $8.6B)
Differential Diagnosis (Eko)
(# Cos: 1754 | $8.3B)
Diagnostics (Align Technology)
(# Cos: 384 | $2.0B)
Devices and platform (Siemens
Healthineers)
(# Cos: 384 | $2.0B)
Ultrasound (Exo)
(# Cos: 19 | $378M)
Exo
(2015, United States, $346M)
Clarius
(2014, Canada, $6.3M)
MuscleSound
(2011, United States, $7.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Exo (2015, United States)
$220M - Series C - Jul 2021
Shanghai Shenzhi Info.. (2019, China)
$15.5M - Series B - Jan 2021
YorUltrasound (2020, United States)
$2.5M - Seed - Feb 2021

56. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
HealthTech - Top Business Models Report
Recent Funding Rounds
Sales & Marketing Solutions
48
56
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Life Sciences Tech (Illumina)
(# Cos: 4693 | $24.4B)
Sales & Marketing (MMIT Network)
(# Cos: 187 | $704M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$232M (▲3917%)
8(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
50
$704M
69
1
187
3
MMIT Network
(1994, United States, $27.4M)
Axtria
(2010, United States, $209M)
ClosedLoop
(2017, United States, $48.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Axtria (2010, United States)
$150M - Series D - May 2021
ClosedLoop (2017, United States)
$34.0M - Series B - Aug 2021
MMIT Network (1994, United States)
$27.4M - Series B - Aug 2021
ClosedLoop (2017, United States)
$11.0M - Series A - Nov 2020
Vodori (2005, United States)
$7.5M - Series A - Sep 2021
Vamstar (2019, United Kingdom)
$1.7M - Seed - Feb 2021
MedScout (2021, United States)
$800K - Seed - Jun 2021
View all 8 Funding Rounds on Tracxn Platform

57. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
HealthTech - Top Business Models Report
Recent Funding Rounds
Patient Population Health Management
49
57
Back to index
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$231M (▲181%)
12(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
38
$1.5B
108
5
247
14
Healthcare IT (athenahealth)
(# Cos: 30323 | $74.2B)
Value Based Care (Grand Rounds)
(# Cos: 6308 | $23.8B)
Population Health Management (Unite
Us)
(# Cos: 454 | $2.6B)
Patient Health (Cerner)
(# Cos: 247 | $1.5B)
Cerner
(1979, United States)
Clarify
(2015, United States, $240M)
Cricket Health
(2015, United States, $120M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Clarify (2015, United States)
$115M - Series C - Mar 2021
Cricket Health (2015, United States)
$83.5M - Series B - Aug 2021
pulseData (2015, United States)
$16.5M - Series A - Apr 2021
Lumiata (2013, United States)
$14.0M - Series B - Jan 2021
Harmonize (2019, United States)
$10.0M - Series A - Mar 2021
Medorion (2015, Israel)
$6.0M - Series A - Jul 2021
Inspiren (2016, United States)
$1.6M - Series A - May 2021
View all 12 Funding Rounds on Tracxn Platform

58. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
HealthTech - Top Business Models Report
Recent Funding Rounds
Lark Technolo.. (2011, United States)
$100M - Series D - Sep 2021
LifeQ (2014, United States)
$47.0M - Series A - May 2021
100Plus (2011, United States)
$25.0M - Seed - Mar 2021
Sweetch (2013, Israel)
$20.0M - Series A - Jul 2021
zuoshouyisheng (2017, China)
$15.4M - Series B - Aug 2021
HealthyHealth (2017, United Kingdom)
$10.0M - Series A - Jun 2021
Mymee (2011, United States)
$8.7M - Series A - Feb 2021
View all 12 Funding Rounds on Tracxn Platform
Disease Risk Assessment Solutions
50
58
Back to index
Disease Self Management (Dexcom)
(# Cos: 10223 | $17.2B)
Behavioural Health (Lark Technologies)
(# Cos: 545 | $1.2B)
Health Risk Assessment (Mightier)
(# Cos: 313 | $993M)
Taxonomy
$ Invested in last 1 year
Key Stats
# Funding Rounds in last 1 year
$229M (▲286%)
12(▲50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
13
$993M
89
-
313
8
Mightier
(2016, United States, $9.7M)
Lark Technologies
(2011, United States, $162M)
Pattern Health
(2012, United States, $1.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

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HealthTech - Top Business Models Report
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