Sunday, July 26, 2020

Investors just poured $5.8 billion into startups in the hottest part of healthcare. Here are the 5 top venture capital firms making the most digital-health bets.

  • Venture capital firms are flocking to digital health startups. 
  • Many of those companies have become crucial to patients who're stuck in their homes right now. 
  • Optum Ventures, General Catalyst, Andreessen Horowitz, Khosla Ventures, and Alphabet's GV have been the most active firms when it comes to digital health investments. 
  • They're backing mental health startup Mindstrong, test-deliverer LetsGetChecked, care coordinator PatientPing, and 22 other companies.
  • Visit Business Insider's homepage for more stories.

Investors poured a record $18.1 billion into healthcare companies in the last quarter, according to a new industry report by CB Insights. 

Digital health startups, or those that use technology like smartphones to do care and research, nabbed $5.8 billion, which is the second best-performing quarter on record, the report said. Digital health companies raised the most among the healthcare categories CB Insights tracks, including AI and telehealth. 

Venture capital firms are fueling the fire, some more than others. While smart money has long supported the transition to savvier healthcare, coronavirus outbreaks prompted even more top firms to give digital health companies more than a passing glance

Read more: Telemedicine startups have raised hundreds of millions as the coronavirus puts them to the test. Meet the 12 startups forging a new path for healthcare.

The most active firms, measured by their number of unique deals, made 30 bets in total. Those startups are tackling a range of issues made more pressing due to coronavirus, like at-home testing, remote urgent care, mental health, and drug research.

Here are the 5 most active firms

Read more: Here's how 11 top VCs like Andreessen Horowitz and GV are changing their healthcare strategies, from bets on telemedicine to virtual clinical trials.

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source https://www.businessinsider.com/vcs-digital-health-startups-insitro-oscar-kernel-patient-ping-dispatch-2020-7

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