Across the last decade, digital health has grown from a blip on the radar of investors to a robust sector receiving nearly one in ten venture dollars invested in the United States. In 2019, 359 US digital health startups raised $7.4B from 627 investors. Though six digital health companies entered the public markets in 2019, exits were a somewhat mixed bag, with M&A below trend at 112 deals across 2019. For our complete 2019 Digital Health Market Update, connect with our partnerships team.
Each year, Rock Health, Fenwick & West, Goldman Sachs, and Pacific Western Bank honor those making exceptional progress in driving resources, attention, and innovation toward a massively better healthcare system.Each year we bring together the leading entrepreneurs, investors, reporters, and providers working tirelessly to improve healthcare through technology and honor their work at the Top 50 in Digital Health Dinner hosted by Rock Health, Fenwick & West, Goldman Sachs, and Pacific Western Bank. From a commitment to the clinical impact of digital health solutions to streamlining the regulatory process to investing in bold entrepreneurs, we want to recognize the people and organizations making digital health thrive. Today, we're thrilled to share the winners of this year's Top 50 in Digital Health.
Despite significant disparities in healthcare leadership today, industry leaders and employees share a belief that gender parity can be achieved within our lifetime. This year, we surveyed individuals working at healthcare startups and VCs to understand how they perceive initiatives at their organizations to promote the advancement of women, and offer concrete solutions for leaders to actively advance gender equity.
Rock Health and the Stanford Center for Digital Health release their findings from the 2019 Consumer Adoption Survey. In 2019, overall consumer adoption of digital health leveled off near the 2018 high water mark. The five-year picture represented in our annual survey is one of a steady transition to a progressively more digital consumer healthcare experience.
When Halle Tecco set out to build Rock Health nearly ten years ago, she saw a need to support entrepreneurs using technology to make healthcare massively better. Today, we’re thrilled to announce our investment in her latest venture, Natalist, a company conceived to close the glaring gaps she encountered on her path to parenthood—and fueled by the belief that those who want to have children deserve a better way. We’re humbled to be a part of Natalist’s $5M seed round and to back an incredible team on a mission to radically improve the fertility experience.
Though funding slowed from the $2B per quarter pace in the first half of the year, digital health companies raised $1.3B in venture capital in Q3 2019 for a total of $5.5B in the year to date. This puts the sector on track for the second largest funding year ever. As in 2018, large deals continue to drive the overall trend. In this market update we discuss public market performance of the five 2019 digital health IPOs (early results are mixed) and two hot areas of investment: behavioral health and women’s health.
Medication errors cost the US healthcare system over $525B each year—roughly one in every six healthcare dollars spent. We’re excited to announce our investment in Arine, whose solution combines data science with clinical expertise to ensure patients are on the safest and most effective medication regimens.
We’re proud to announce our participation in InsightRX's $10M Series A funding round to support their mission of individualizing drug treatment at the point of care.
In honor of his late little sister Tania, Anil Sethi founded Ciitizen to help kill cancer in our lifetime—and give patients power over their health outcomes along the way. We’re thrilled to have him join us at Rock Health Summit next month, where he’ll dive into how empowering patients with their health data will change the face of life-saving clinical research and development. We sat down with Anil to get his take on building a business around making personal health records portable.
As consumers increasingly take control of their own health and wellness, they drive market demand more directly. Devices, apps, and services are being created and tailored to meet their needs, enabling consumers to actively engage in health and wellness decision-making. To dig a little deeper beneath the surface of how industry players are adapting to this shift, we caught up with experts on the inside at GSK Consumer Healthcare, a Rock Health partner.