Venture capital funding for health IT falls
- After a record-breaking year in 2014, venture capital funding for health information technology has fallen in the first quarter of 2015.
- According to Mercom Capital Group, funding has decreased by around 35%.
- In 2014, venture capital funding brought in twice as much money as it did in 2013, making 2014 one of the best years for health IT funding to date.
According to Mercom, "Funding fell across the board with the exception of Mobile Health, which was the bright spot this quarter. There was also significant M&A activity in the first quarter for mHealth companies."
A report by StartUp Health says this year's slower start "is due to an increase in investor focus and a sign of a maturing market." It goes on to say that "startups need to demonstrate results and early validation, as well as abilities to scale to tap into today's funding environment."
- FierceHealthIT Health IT sees drop in VC funding