Mobile Health Tech Rakes in Venture Capital in Q1 Of 2015

Mobile Health Tech Rakes in Venture Capital in Q1 Of 2015Now that the Q1 2015 numbers are in, the amount of venture capital placed in mobile health technology ($282 million) has proven to be quite substantial. While funding fell within all other health technology groups, the mobile health investment was about the same as in Q4 of 2014.

Aside from the significant amount of venture capital, mobile health receive 65% of funding among consumer focused companies. This is accounts for an impressive 36% of the funding raised throughout all of the Digital Health and Health IT Groups.

According to MercomCapital, while total venture capital was down $2 million from Q1 of 2014, the number of deals made grew from 41 to 56. To break things down a bit more, mobile health companies brought in 35 of the 56 deals, totaling in approximately $220 million.

The increased interest in mobile health apps is likely due to the FDA providing their final guidance in reference to mhealth apps. For the time being, the FDA will take a fairly hands-off approach in terms of regulating mobile health apps.

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