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Amazon Alexa Fund, Amgen Ventures

January 23, 2017

Amazon Alexa

Amazon Alexa

Mercom Capital Group came out with an overview of the 2016 health IT investment landscape. Its report tallied up health IT deals valued at a total of $5 million, a new milestone for this category.

“For three years in a row, we have seen funding settle in the $4.7 to $5 billion range. It looks like the years of exponential funding growth are behind us,” said Raj Prabhu, Mercom Capital Group CEO and co-founder said in emailed responses to questions. “Early stage deals have decreased gradually from about 60 percent of the total funding in 2013 to about 45 percent in 2016.

The report noted that there were more than 1,000 first time investors in digital health companies last year. One frequently hears how so many investors are beginning to move into digital health — so much so that it just becomes another talking point. But when you hear a figure like this one, it gives that trend some definition.

Two of the most interesting newbie digital health investors, according to Prabhu, were Amazon, through its Alexa Fund, and biotech giant Amgen’s investment arm Amgen Ventures.

Read More – Source: Amazon Alexa Fund, Amgen Ventures among 1K first time digital health investors in 2016 – MedCity News


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