Posted on: February 11, 2013
Last year, venture capital firms dug in for some big deals in the healthcare IT space. Mercom Capital stated in a recent survey that there were $1.2 billion in 163 deals across 2012, much, much more than the 49 deals/$480 million from ’11 and the piddling 22 deals/$211 million spent in 2010. Now, peHUB breaks down the biggest VC investments in the space with Thomson Reuters data—that accounted for about a quarter of overall deal value!
1. Castlight Health
2. (tie) 23andMe
2. (tie) GoHealth
4. Kinnser Software
5. Practice Fusion
Castlight Health makes tech for companies looking to gain a clearer view of healthcare costs; the company’s $100M Series D round included investors like T. Rowe Price and Redmile Group—as well as some unnamed mutual funds. Past VC capital came from USVP and Maverick Capital, among others.
Image Credit: Castlight Health
California personal genetics company
23andMe snapped up more than $50 million in a Series D round that included Yuri Milner, NEA, Google Ventures and Google co-founder Sergey Brin in late 2012.
Image Credit: 23andMe
Chicago-based healthcare IT firm
GoHealth raised a $50 million round in mid-2012, as the company looked to expand within the health insurance industry.
Image Credit: GoHealth
Here’s a mega Series A:
Kinnser Software’s A-round was a whopping $40 million, coming from Insight Venture Partners. The company has already been clocking impressive growth, making the grade for Inc. 500’s fastest growing 500 private companies list in ’10 and ’11. Kinnser is based in Austin, Texas.
Image Credit: Kinnser Software
Rounding out the list is
Practice Fusion, the San Francisco-based physician/patient community. The company bagged a $34 million Series C round that was led by Artis Ventures and included Felicis Ventures, Morgenthaler Ventures and several angel backers.
Image Credit: Practice Fusion
Image Credit: Shutterstock.com
