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Global healthcare IT/digital health companies have raised $5.5 billion in VC funding in January-September this year, more than in all of 2016, says a report. According to Mercom Capital Group, healthcare IT/digital health companies raised $5.5 billion in 586 deals from global VCs in the January-September period of 2017 as against $4.2 billion from 463 deals in the same period of last year.
In the July-September quarter however, VC funding worth $1.5 billion was reported globally in 227 deals, a 38 per cent decrease compared with the record $2.4 billion raised in 194 deals in April-June 2017. A total of 16 Indian healthcare IT companies received VC funding in the July-September quarter.
The notable Indian transactions include CureFit — a healthcare and fitness app maker — raising $25 million from Accel Partners, Kalaari Capital, IDG Ventures and UC-RNT Fund. The company also secured around $341,531 in funding from Trifecta Capital and Pratithi Investment Trust.
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