April 2013 StartUp Health Insights Funding Report

Prepared by:

Brian T. Edwards, Health Insights & Research Fellow

Ron Golan, Healthcare Transformer Fellow

Tanner Yager, StartUp Health Analyst

Insights™Funding Report

April 2013

startuphealth.net\insights

© 2013 StartUp Health

StartUp Health Insights™ Funding Report

April 2013

Insights Monthly Stats

Apr 2013, 67 Deals:

Apr 2012, 14 Deals:

2013 YTD, 202 Deals:

50 Known Investors

Monthly Funding, Rolling 12-months

Top 5 Deals

StartUp Investor Round Amt Description

Blue Health Intelligence Series B $36M

WorldOne Series D $35M

Watermark Medical Series C $32M

RainDance Technologies Series E $20M

Welltok Series B $19M

Disclosures:

Information, data, and figures are representative of publicly available data.

$64.04M

• The Sensor sector is thriving. Watermark Medical

received $32.2M in funding to commercialize and scale

their at-home sleep study technology.

• Four accelerators announced new classes distinctly

focused on Digital Health. Most notably StartUp Health

& GE's Consumer Health Program has officially kicked-

off, as well newcomers Health Wildcatters, based in

Dallas.

• HealthSpot led the way for Telehealth funding with a

$10.4M Series C round in a fast growing sector.• Top 3 Sectors: Sensors, Analytics, &

Personal Health

Social health platform

Tech toolmaker for genetic research

Quaker Partners, Mohr Davidow

Ventures, Alloy Ventures, Arcadia

Wood Partners, Sectoral Asset

Management

New Enterprise Associates,

Emergence Capital Partners,

InterWest Partners

Undisclosed Investors

Big data and analytics for all things

healthcare

Healthcare market research platform

Home sleep monitoring platform,

wearable, & software

Deerfield Capital

Undisclosed Investors

$918.71M

$322.72M

$0M

$120M

$240M

$360M

May Jul Sep Nov Jan Mar


© 2013 StartUp Health Executive Summary ,


April 2013

Trends & Insights

Accelerators, Incubators and Academies Spur Early Stage Growth

Sensors and Mobile Health

Significant growth investments were made in developers of sensors.

Watermark Medical raised $32.2M to commercialize and scale their at-home sleep study technology.

mc10 closed an $18.15M Series C to support the predicted growth following the recent launch of their first

consumer sensor product in a partnership with Reebok. The device will help amateur athletes and coaches

quickly identify players who have been subjected to high risk of concussion during a sporting event.

Sense4Baby, which recently spun out of the research efforts at West Health Institute, has hired a new CEO and

raised $4M in Series A funding from the West Health Investment Fund.

There was a lot of new activity in the rapidly growing early stage digital health market during April.

Startup Health Academy announced its new class of Healthcare Transformers in partnership with GE

Healthymagination. Thirteen companies were selected to participate in StartUp Health's 3-year

entrepreneurship program. A sign that the digital health sector is growing globally as well as in the US, more

than 400 companies from 22 countries applied for the program and represent a broad spectrum of innovation

ranging from aging, health sensors, patient engagement, mobile health, care coordination, big data, analytics

and diagnostics among many other sectors.

DreamIt Health launches the first digital health accelerator in Philadelphia with an inaugural class of ten

companies.

HealthBox Boston unveiled their second class of companies which was predominately companies focused on

the 50Plus patient demographic. HealthBox also announced a fourth location for the program in Jacksonville, FL

and opened applications for its second Chicago class following a full year away from their home city.

A group of physicians in Dallas has launched a new digital health accelerator called Health Wildcatters. The

group has raised $1M from approximately 30 investors and will provide companies with $35K in exchange for 8

percent equity. It will welcome the first 15 startups to their 12-week program in August.


© 2013 StartUp Health Trends & Insights ,

Trends & Insights

Telemedicine

Several large telemedicine deals were closed this month. HealthSpot, which hopes to replace the primary care

doctor with pharmacy-based kiosks that connect to remote physicians. PresenceLearning provides tele-therapy

for speech pathologists. Remote Medicine specializes in providing telemedicine to rural, isolated patients.



Trends & Insights

StartUp Health & GE Selection of 13 Consumer Health Companies

Arpeggi

Aver Informatics

Care at Hand

Caremerge

Cerora

Doctor.com

GetHealth

GoGoHealth

IntelligentM

itMD

Clinical protocol software that uses intelligent diagnosis algorithms to gather symptoms and health history data

that provides a complete view of a patient’s history.

A revolutionary Hand Hygiene Compliance Improvement Solution for healthcare facilities.

A cloud-based medical image sharing company that enables the on-demand exchange of medical imaging

A technology platform which transforms those observations into predictive alerts to supervising nurses for early

disease detection and improved outcomes.

The Caremerge mobile/web apps allow care providers, families, caregivers and patients to access and

exchange key information to facilitate efficiency and timely care decisions.

A portable, objective, accurate, and affordable diagnostic tool that assess brain function and assists in patient

decision making for neurologic and neuropsychiatric conditions.

At the core of Doctor.com’s platform is a proprietary database of more than 2.5 million healthcare providers that

is updated hundreds of times every day. Driving these updates are the thousands of hospitals and medical

practices that actively use the Doctor.com platform to showcase their unique services and connect with new

patients.

A mobile and online platform which increases employee engagement in workplace wellness programs. Users

describe the platform as the "Foursquare for Health."

A cutting-edge and versatile technology for high-speed analysis of next-generation genomic sequencing data.

A modern, social, big data platform with patent-pending technology that helps health organizations leverage

their enterprise data without needing teams of analysts, technologists and data scientists.



Trends & Insights

StartUp Health & GE Selection of 13 Consumer Health Companies

Oxitone Medical

TalkSession

WalkJoyDelivers precise measurement, convenience and ease of use—resulting in a paradigm shift in gait lab analysis

and ongoing patient care and monitoring for most of the adult patient population.

The world’s first wrist pulse oximeter without a fingertip probe, enabling comfortable, remote and continuous

monitoring of blood oxygen level, pulse rate, beat-to-beat variation and activity out of the hospital environment

anywhere, anytime throughout day and night.

An online platform which allows patients to find relevant mental health professionals and equips those

professionals with tools to enhance the quality of care delivered and improve treatment outcomes.




April 2013

Funding by StartUp

Startups (67) Funding Round Current Month

Total Funding by

StartUp

April 2013 Total $322.72M

Blue Health Intelligence Series B $35.54M $63.54M

WorldOne Series D $35.00M $35.00M

Watermark Medical Series C $32.19M $69.19M

RainDance Technologies Series E $20.00M $63.50M

Welltok Series B $18.70M $25.83M

MC10 Series D $18.15M $40.60M

iRhythm Technologies, Inc. Series D $15.11M $53.79M

LifeImage Series C $15.00M $43.80M

Treato Series A $14.50M $14.50M

RedBrick Health Series E $14.00M $39.00M

Lineagen Series C $11.59M $37.39M

HealthSpot Series C $10.40M $14.68M

Hurel Corporation Series A $9.20M $9.20M

OneHealth Series B $9.00M $9.00M

PresenceLearning Series B $8.00M $12.21M

Remote Medicine Series A $7.26M $8.17M

PeriGen Series A $6.40M $6.40M

CardioVIP Series C $5.80M $7.80M



Funding by StartUp


Total Funding by

StartUp


Asthmapolis Series A $5.00M $5.25M

Sense4Baby Series A $4.00M $4.00M

EveryMove Series B $3.50M $6.10M

Vital Connect Series B $3.20M $13.96M

ivWatch Series B $2.84M $5.56M

BioDirection Series A $2.23M $2.23M

Health Impact Associates Series A $2.00M $2.00M

LifeNexis Series B $1.55M $3.75M

HealthyOut Seed $1.50M $1.52M

dBMEDx Series A $1.14M $1.64M

CrowdMed Seed $1.10M $1.20M

Diagnotes Series A $1.00M $1.45M

KelDoc Seed $0.92M $0.92M

Zinc Software Seed $0.85M $0.85M

PARx Solutions Seed $0.75M $0.75M

My Health Direct Series D $0.52M $11.87M

HealthSouk Seed $0.51M $0.51M

Non Invasive Monitoring Systems Seed $0.50M $0.50M

TedCas Series A $0.50M $0.55M

Lab7 Seed $0.50M $0.50M

Nudge Seed $0.43M $0.43M



Funding by StartUp


Total Funding by

StartUp


Cooleaf Seed $0.37M $0.37M

Patient Conversation Media Series A $0.35M $1.31M

Identification Solutions, Inc. Seed $0.21M $0.21M

Informatics In Context Seed $0.20M $0.20M

GestSure Technologies Seed $0.17M $0.19M

Hospitalytics Incubator $0.05M $0.05M

Cellanyx Diagnostics Incubator $0.05M $0.05M

AirCare Incubator $0.05M $0.05M

MemberRx Incubator $0.05M $0.05M

Stat Incubator $0.05M $0.05M

Epion Health, Inc. Incubator $0.05M $0.05M

Medlio Incubator $0.05M $0.05M

Lean Wagon Incubator $0.05M $0.05M

Caring in Place Incubator $0.05M $0.05M

Osmosis Incubator $0.05M $0.05M

Casagem Incubator $0.05M $0.05M

Grand Round Table Incubator $0.05M $0.05M

3Derm Systems Incubator $0.05M $0.05M

MyProxy Incubator $0.05M $0.05M

Biomeme Incubator $0.05M $0.05M

Sensing Strip Incubator $0.05M $0.05M



Funding by StartUp


Total Funding by

StartUp


OnShift Technologies Incubator $0.05M $0.05M

TheraVid Incubator $0.05M $0.05M

Fitly Inc. Incubator $0.05M $0.05M

SpeSo Health Incubator $0.05M $0.05M

Nexercise Incubator $0.02M $0.02M

Sqord Incubator $0.02M $0.02M

captureproof Incubator $0.02M $0.02M




Aggregated Funding by MonthCurrent Month

Same Month,

Prior Year Growth %

AprilApril 2013 Total $322.72M # $64.04M 404%

MarchMarch 2013 Total $120.13M # $109.72M 9%

FebruaryFebruary 2012 Total $155.95M # $161.51M -3%

JanuaryJanuary 2012 Total $245.28M # $102.51M 139%

DecemberDecember 2012 Total $146.84M # $52.87M 178%

NovemberNovember 2012 Total $140.75M # $159.31M -12%

OctoberOctober 2012 Total $53.89M # $143.36M -62%

SeptemberSeptember 2012 Total $225.89M # $187.73M 20%

AugustAugust 2012 Total $214.96M # $131.68M 63%

JulyJuly 2012 Total $44.81M # $54.90M -18%

JuneJune 2012 Total $220.87M # $116.71M 89%

MayMay 2012 Total $350.20M # $92.72M 278%




April 2013

Rolling 12-month totals vs. Prior

May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr

2011-2012 92.7$ 116.7 54.9 131.7 187.7 143.4 159.3 52.9 102.5 161.5 109.7 64.0

2012-2013 350.2$ 220.9 44.8 215.0 225.9 53.9 140.8 146.8 245.3 156.0 120.1 322.7

Var ($) 257.5$ 104.2 (10.1) 83.3 38.2 (89.5) (18.6) 94.0 142.8 (5.6) 10.4 258.7

Var (%) 2.8X 0.9X -0.2X 0.6X 0.2X -0.6X -0.1X 1.8X 1.4X 0.0X 0.1X 4.0X

$-

100m

200m

300m

400m

2011-2012 2012-2013




April 2013

Sector Breakdown by Funding Total Funding Amount by Round

April 2013 Deals% of $

Total

Total 67 $322.7M 100%

Incubator 23 $1.1M 0%

Seed 13 $8.0M 2%

Series A 12 $53.6M 17%

Series B 8 $82.3M 26%

Series C 5 $75.0M 23%

Series D 4 $68.8M 21%

Series E 2 $34.0M 11%

Series F - - -

Sensors $79M 24%

Analytics $56M 17%

Personal Health $39M 12%

Data Visualization $35M 11%

Telehealth $26M 8%

All Other $88M 27%

Total $323M

Sensors $79M

Analytics $56M

Personal Health $39M

Data Visualization

$35M

Telehealth $26M

All Other $88M



April 2013 StartUp Health Insights Funding Report

Health & Medicine

Transcript of April 2013 StartUp Health Insights Funding Report