The market, the report's authors say, is finally hitting its stride, keeping track with amounts raised in 2014 and 2015. While totals haven’t exceeded those reached in previous years, the authors say that most thought funding was headed for decline.
However, the report notes that there is one record-breaking number this year--151 companies raised more than $2 million.
At $175 million, an investment in Flatiron has been the largest so far in 2016. The second biggest amount raised was for fitness wearables company Jawbone, which brought in $165 million.
The analytics and data market has raised the most, at $309 million, with wearables and biosensing coming in second at $217 million.
Initial public offerings are lower this year than last year, the report’s authors also note. So far only one health IT company--NantHealth--has filed for an IPO.
To learn more:
- check out the report