Healthcare Analytics firms could garner a billion dollars of investor financing in 2014. A number of top tier VC investors are attacking the sector.
Within Big Data, the Healthcare Analytics space is very hot with funding on pace to potentially hit $1 billion in 2014. In February of this year, we highlighted the growth in the space in 2013, and in just the first half of 2014, the space is attracting even more funding. Through the first half of 2013, Healthcare Analytics startups have taken in over $400 million in investor funding versus $155 million in all of 2013. This represents 161% funding growth already.
For reference, healthcare analytics refers to startups providing “verticalized predictive and prescriptive data and analytics solutions for the healthcare sector.”
But outside of the few mega-financings in the space, there is a lot of early stage activity in the space. As healthcare providers and associated parties increasingly work with critical troves of data, the diversity of investor-backed startups in the healthcare data analytics space has grown immensely. Below is a cross-section of data analytics companies that have received funding this year tacking different areas of the healthcare data analytics sector. Predictive healthcare analytics in particular seem to be a burgeoning area of investment.
Healthcare Interactive – Software for insurance providers, health systems and third-party admins to identify potential health risks and cost drivers. Investors include Grotech Ventures and Harbert Venture Partners.
The chart below highlights the funding spike in the healthcare data analytics space on a per year basis since 2012. 2014 will clearly be a record-setting year.
For more healthcare analytics financing and exit data and interactive rankings, check out the CB Insights Venture Capital Database. Sign up for free below.