The 9 wireless health investments so far this year

By: Brian Dolan | Apr 14, 2011        

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Brian Dolan, Editor, MobiHealthNewsIn the short three months since 2011 began already investors have announced or disclosed to the SEC nine investments in various mobile and wireless health startups. More than a year ago we tallied up the 15 venture capital deals announced during all of 2009. Clearly investment in mobile health and interest has come a long way since then — this year also saw the planned launch of Rock Health Fund, an incubator for medical app startups.

We just put the finishing touches on our newest paid research report: Mobile Health Q1 2011 State of the Industry, which includes a round-up of the most important news and announcements from healthcare providers, payors, mobile operators, pharma companies, regulators, investors, research firms and more. Here’s a look at the round-up of investment deals we covered during the first quarter of 2011 in order of deal size:

1. Cellnovo – $48 million – Edmond de Rothschild Investment Partners (EdRIP), Forbion Capital Partners; Auriga Partners, NBGI Ventures, and Credit Agricole Private Equity and others – The company is known for its wireless-enabled insulin pump and is now touting its “iTunes-like” software platform.

2. Doximity – $10.8 million – Emergence Capital Partners and InterWest Partners – Doximity is a medical communications platform that uses social networking technologies to enable doctors to communicate securely with one another.

3. Basis – $9 million – Norwest Venture Partners and Doll Capital Management – The company’s device called Basis Band measures the wearer’s heart rate and other vital signs.

4. HealthTap – $2.35 million – Mohr Davidow Ventures and Esther Dyson, Mark Leslie, Aaron Patzer – Healthtap plans to create an “expert health companion” that improves interactivity between physicians and patients.

5. Massive Health – $2.25 million – Felicis VC, Greylock Discovery Fund, Andreessen Horowitz, Mohr Davidow Ventures and Charles River Ventures – Massive Health is still in stealth (which it calls ninja) mode, but it says it will create smartphone apps for chronic disease management.

6. BL Healthcare – $2 million – Verizon Ventures, n/a – BL offers a touchscreen home health monitoring hub among other devices and services.

7. Toumaz – $2 million – Dr Patrick Soon-Shiong – Toumaz’s CE-marked Life Pebble device includes a single lead ECG, skin thermometer, and an accelerometer, which enables it to track physical activity.

8. Sproxil – $1.8 million – Acumen Fund – Sproxil uses text messages to authenticate pharmaceutical products in Africa with a scratch-off code.

9. Endomondo – $800,000 – SEED Capital of Denmark – Endomondo provides GPS tracking of any distance sport.

For more of our Q1 report visit the MobiHealthNews research store here.

  • Lawrence PhD

    We all should watch carefully FDA and FCC regulations guiding mHealth devices there could be suprises.

  • Jeff Shaw

    I’m surprised that InstaCare (ISCR) didn’t make the list. They’ve applied for several patents for storing and securing Health/Medical Record data on intelligent cell phones. If these patents are granted they will own this industry. And they have a lot more in the works than just this technology. All just my opinion…

  • MobiHealthNews

    @Lawrence,

    Can you give an example of a potential FDA/ regulatory surprise?

  • http://blogs.forbes.com/danmunro/ Dan Munro

    GreenGoose ($500K – Feb, 2011) is another potential fit here. Still in Beta – but using tracking sensor technology to monitor a variety of health/wellness activities. They were overlooked by Jason Calacanis for his recent Launch event – but they won both the audience pick (one of only 2) – and then on-stage funding from one of the VC panelists.

  • MobiHealthNews

    Thanks, Dan. I remember that from the VentureBeat story: http://bit.ly/hOS14u It was $100K on-stage at the event. Did they end up increasing the investment to $500K?

  • http://blogs.forbes.com/danmunro/ Dan Munro

    Shortly after the event – yes – http://bit.ly/fBPddm

    As a funny footnote – Jason Calacanis invested – after he passed on them as an actual contestant. This is a case where the audience trumped the judge.

  • http://blogs.forbes.com/danmunro/ Dan Munro

    Two more incubators/accelerators just launched as well:

    Blueprint Health – http://bit.ly/i5vi6f
    Atlantic Accelerator – http://bit.ly/fchont

    Good mo (and much needed) going into 2011!

    :dm