2014 YTD has already seen 130% more funding into the telehealth space than in all of 2013.
The promise of bringing the doctor’s office directly to one’s home or digital device is spurring a wave of investment into the growing telehealth market. According to CB Insights data, 2014 YTD has already seen the highest amount of funding of any year to the telehealth, or telemedicine, space since at least 2007.
Since the start of 2007, telehealth companies have raised $433M across 79 deals. 2014 has seen about 29% of those investment dollars so far, representing an increase of 130% from all of 2013. Among the notable rounds to the space include Doctor on Demand‘s $21M Series A led by Venrock, Shasta Ventures and Richard Branson as well as sizable rounds to Warburg Pincus-backed Specialists on Call and Heritage Group and Sutter Health-backed MDLive.
Investor interest in personalized medicine comes amid a wave of activity in the broader digital health and health IT space, which has seen funding hit new highs in 2014. The chart below details the funding trend to telehealth companies since 2007.
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