In the first half of 2014, digital health funding reached $2.3 billion, according to a report from accelerator Rock Health. The report included data from 143 digital health companies that have raised over $2 million during the past six months.
Funding in the first two quarters of 2014 surpassed total funding for all of 2013, which was $1.97 billion. Deal growth was driven by early-stage companies and year-over-year growth has reached 64 percent so far. In April, Rock Health reported that digital health funding reached nearly $700 million in the first quarter of 2014, and first quarter funding grew 87 percent compared to the first quarter of 2013.
The largest share of funding during the first half of the year, $211 million, went to companies developing management and administration tools for payers. After that, companies that make digital medical devices designed to treat certain conditions raised a total of $206 million, companies focused on data analysis and aggregation products raised $196 million, companies that offer tools that help consumers purchase healthcare services raised $193 million, and population health management platforms raised $162 million.