Team angelMD • November 2, 2016

 

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On October 5th, angelMD successfully held the Digital Health Challenge at the Washington Athletic Club, assembling together in Seattle the forefront of digital health innovation. It was an invaluable opportunity for these startups to showcase their ideas to potential investors. After the startup presentations, investors had the opportunity to visit the startup stands to learn more about the startups’ ideas and business strategies, in order to more closely evaluate the merits of the companies. We hoped the meeting and interaction between the backers and firms would bring about successful partnerships and facilitate understanding of the difficult work our chosen startups are undertaking.

Digital Health Investment (StartUp Health)
Credit to StartUp Health Insights Digital Health Funding Rankings Q3 2016

 

Demand for digital health investment remains strong in the third quarter of 2016. According to a report from StartUp Health Insights, digital health finished with $2.4B in deals and added up to $6.5B to date.  It is undoubtedly the strongest year for digital health startups since the number already exceeds 2015’s total of $6.1B.  Moreover, the digital health market is expanding in both in the US and overseas (ex. Babytree and Guahao in China have raised a combined $850 million in venture funding).  In addition, while the total number of deals is increasing, early stage funding continues to take the lion’s share of capital.  Among 242 deals, 65% of them are Seed and Series A stage funding, with the size average of $3M.

With a healthy angel investing environment, there is continued potential for digital health startups to continue evolving and progressing.  This is one of the many reasons angelMD organized the Digital Health Challenge, a showcase event even for some of the most promising digital health startups in the field.  The Digital Health Challenge aims to bring fresh energy to the industry by helping some outstanding startups raise early-stage capital and expand visibility.

angelMD used its in-house custom scoring algorithm to initially evaluate startups and selected 5 startups to present to investors in Seattle, Washington and Houston, Texas.  The five winners are:

Eko Devices (profile)

Listen.MD (profile)

Medici (profile)

Monclarity (profile)

Precision Image Analysis (PIA) (profile)

angelMD will hold the second part of the Digital Health Challenge in Houston on November 18th (RSVP).  After the close of the Houston event, angelMD will open syndicate funding for all 5 winners and invite the general angelMD membership to participate.

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