Tag Archive | "mobile health investment"

Investor Group Launches $50M Investment Fund Focused On the mHealth Market

Washington D.C.-based investor group, Hickory Ridge, announced today that its launching a $50M investment fund to “jump start development in the mobile health market.”

The group said it aims to fund startups with anywhere between $500K and $2M and will focus on telemedicine systems and patient-oriented apps for managing medical data.  The investor group is lead by former MedStar Health CEO John McDaniel along with former PricewaterhouseCoopers partner Donald Phillips and technology entrepreneur James Kelly.  The new mHealth investment fund is yet to be named, according to the group.

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Morgenthaler Ventures Announces 11 “Most Promising Health IT Startups”

Morgenthaler Ventures, a firm with nearly $3B under management, has announced the 11 finalists of their nationwide contest to find the “most promising health IT startups.”

Healthcare IT, particularly as it relates to the mobile channel, has seen significant investment over the last couple of years.  Capital investment in health IT increased in the second quarter of 2011 to $198 million, a 27% increase from the $156 million invested during the same period in 2010, according to research from Dow Jones VentureSource.   For the contest sponsored by Morgenthaler, the 11 company founders will present in front of leading venture capitalists, angel investors and entrepreneurs at a gathering dedicated to health IT innovation on September 22.

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