Tracxn, January 10, 2020
The Healthcare IT has over 17k startups that includes enterprise facing software solutions (B2B or B2B2C) that help healthcare professionals and organizations like hospitals, pharmacies, health insurance companies, clinics, and health systems in all the processes involved in preventive care, health care delivery, and health care financing.
Healthcare IT is also one of the active sectors for investors, with overall funding of nearly USD 87 Bn in 5.44K+ companies. It is also interesting to note that nearly half of the funding has been raised in the recent 3 years (2017-2019).
Plug and Play Tech Centre, StartUp Health, MassChallenge, Y combinator, and Dreamit are amongst the most active investors in this sector, by the number of investments.
Administration and Suite Solutions, Hospital Information Systems, Population Management Systems, Remote monitoring platforms, and Payer Suite are the top business models attracting major funding.
The organization has featured startups in three categories:
- Unicorns- Traxn keeps a track of the latest happenings in the world of startups and their associated ecosystems – including venture capital funds, private equity funds and investment banks amongst others.
- Soonicorns- The Soonicorns – soon to be Unicorns – are the handful of highly valued startups which have successfully grown out of their nascency to attract valuations of over a few hundred millions. Watch out for these companies in the coming years as they take on the journey to becoming the elite Unicorns.
- Minicorns- The Minicorns – are the high growth early stage ventures (Series A+). Watch out for these companies as they take the business to the next level, by scaling up for the accelerated growth
The Healthcare IT sector has seen the rise of over 14 unicorns – Verily, We Doctor Group, HeartFlow, Tempus, Proteus Digital Health just to name a few. There are nearly 70 companies with Avricore, Enlighta, Neoleukin Therapeutics going public in the recent past.
In this edition, Tracxn has detailed the ‘Top Healthcare IT startups’ – a curated list of the most promising startups leading the Healthcare revolution, from across the globe. AristaMD has been named as one of the companies to keep an eye for out as the company continues to grow and impact the healthcare sector.
Tracxn keeps a track of the latest happenings in the world of startups and their associated ecosystems – including venture capital funds, private equity funds and investment banks amongst others.