In 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.
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OhioHealth’s physicians teamed up with mobile software company eProximiti to create a mobile app that aims to improve women’s health. The partners have released the free-of-charge app, called Duet Health to provide soon-to-be mothers with information about their pregnancies using their iPhones or Android device. OhioHealth is a not-for-profit group of 18 hospitals, 23 health and surgery centers, home-health providers and other healthcare service providers that serve 40 counties in the state.
Like many parts of the world, South Korea is facing an aging population and a rise in medical care costs. Looking for ways to save money while taking care of its increasing patient rolls, the country is turning to mobile health as a way to manage chronic illness. Qualcomm, the Gyeonggi Province of Korea, Korea Centers for Disease Control and Prevention (KCDC) and Korea Telecom (KT) announced today that they are partnering on a project called Self Quality Care. The project will use 3G applications and services to provide patients and care providers with health information and reminders to manage chronic disease and promote healthier lifestyles.