Tag Archive | "Web 2.0"

Venture Funding for Web 2.0, Mobile Health Apps Jumped 44 Percent in 2011

It’s been revealed that more than $439M has been poured into 70 different Web 2.0 healthcare startups that develop mobile health apps and tools for online social networking and collaboration in 2011.

In 2010, a little more than $305M was raised for 43 different deals, meaning 2011 showed a 44% increase in dollars invested and a 63% increase in deals funded compared to 2010.  “We are at the very early stages of an evolution in the entire healthcare system,” Jessica Canning, global research director for Dow Jones VentureSource, told InformationWeek Healthcare. “We are essentially witnessing the democratization of healthcare where detailed information is being collected both from healthy people as well as individuals trying to improve their physical wellness.”

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