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.
