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JANUARY 2018 HEALTHCARE ANALYTICS

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Page 1: Tracxn - Healthcare Analytics Startup Landscape

JANUARY 2018

HEALTHCARE ANALYTICS

Page 2: Tracxn - Healthcare Analytics Startup Landscape

Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Healthcare Analytics - Jan 2018

Contents

Feed Summary

Investment Trends

Market Details

Exit Outlook

Investors

News

Appendix

2

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Page 3: Tracxn - Healthcare Analytics Startup Landscape

Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Healthcare Analytics - Jan 2018

Contents

Feed Summary

Investment Trends

Market Details

Exit Outlook

Investors

News

Appendix

3

Feed Summary

Investment Trend Summary

Exit Outlook Summary

BlueBox

Summary of Key Markets

Notable Companies in the Sector

Recent News

Page 4: Tracxn - Healthcare Analytics Startup Landscape

Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Healthcare Analytics - Jan 2018

Note: Mega Companies includes IPO’d companies, Mega Acquisitions and Unicorn. Data is taken from Tracxn Platform as on January 2, 2018.

Healthcare Analytics Feed Summary

4

Healthcare Analytics > Feed Summary

All B2B analytics solutions for healthcare organizations. The companies are classified vertically as - Clinical, Financial and Operational solutions based on their applications in the healthcare industry; and Suite solutions which cut across the verticals.

• Inclusions: Includes companies which offer analytics solutions that help gain insight into clinical operations, revenue cycle process, and facilitate subsequent decision making. These solutions are primarily used by hospitals. However, payers and employers also use clinical data for claims and benefits management, and to monitor member health.

• Exclusions: Companies offering analytics solutions across various industries, analytics consultancies, service oriented companies.

• Excludes funding information of Chinese companies Feed in Numbers

Overview

$8.6BFunding

39Mega Companies

6071187FundedCovered on

Tracxn

7Unicorns

22Soonicorns

58Minicorns

21IPO’d Cos

302Late Stage Cos

69

33Acquisitions

31DeadPooled

99Acquihired

Series A+ CosEmdeon

(1986, Nashville, Acq)

NantHealth(2007, Culver City, Public)

DeepMind(2011, London, Acq)

Top Companies

Page 5: Tracxn - Healthcare Analytics Startup Landscape

Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Healthcare Analytics - Jan 2018

Investment Trend SummarySummary of Funding Activity in Healthcare Analytics

5

$231M - PEModernizing Medicine (2010, Boca Raton,

$329M)

$73M - Series FWelltok (2009, Denver, $258M)

$175M - Series CFlatiron Health (2012, New York City, $314M)

$70M - Series EHealth Catalyst (2008, Salt Lake City, $237M)

$115M - PEAlignment Healthcare (2013, Orange, $240M)

$70M - Series CTempus (2015, Chicago, $130M)

$100M - Series DHeartFlow (2007, Redwood City, $317M)

$52.5M - Series CNantHealth (2007, Culver City, $765M)

$90M - Series EHeartFlow (2007, Redwood City, $317M)

$50M - Series HProteus Digital Health (2001, Redwood City,

$404M)

Top Geos of InvestmentEntrepreneurial Activity Global Funding Trend*YTD *YTD

Healthcare Analytics > Feed Summary > Investment Trend Summary

Seed Y Combinator (#7), Rock Health (#5), Frost Data Capital (#4)

Series A/BGE Ventures (#8), Flare Capital Partners (#5), BlueCross BlueShield Venture Partners (#4)

Series C+HLM Venture Partners (#3), Bain Capital Ventures (#2), General Atlantic (#2)

IncubatorsDreamit (#8) Ben Franklin Technology Partners (#5) Launchpad Digital Health (#3)

Other Notable Investors

Healthbox (#10), HealthX Ventures (#6), Blueprint Health (#5)

Debt InvestorsWestern Technology Investment (#6), Silicon Valley Bank (#5),

Connecticut Innovations (#1)

Most Active InvestorsRecent Investments

121

157166

93

21

2013 2014 2015 2016 2017 2018*Y-o-Y # of Companies Founded 124 174 170 163 120 -

$450M

$2.3B

$1.4B$1.2B

$1.4B

2013 2014 2015 2016 2017 2018*

$ Funding # Rounds$7.8B

$194M

$160M

$76.2M

$28.9M

US

Europe

Israel

Canada

India

$ Funding

Page 6: Tracxn - Healthcare Analytics Startup Landscape

Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Healthcare Analytics - Jan 2018

Summary of exit outlook in Healthcare Analytics

Exit Outlook Summary

66

Most Active AcquirersTop Investors in Exits

Sequoia Capital 2Assurex Health (2006, Mason, $84.5M)

ZirMed (1999, Louisville)

Flare Capital Partners

2Evolent Health (2011, Arlington, $121M)

Valence Health (1996, Chicago, $45M)

GE Ventures 2HeartFlow (2007, Redwood City, $317M)

Valence Health (1996, Chicago, $45M)

InterWest Partners 2Epocrates (1998, San Mateo, $35M)

Certive (2013, Phoenix, $8.6M)

BlueCross BlueShield Venture Partners

2HeartFlow (2007, Redwood City, $317M)

Change Healthcare (2007, Tennessee, $36.6M)

Sep 2017 ZirMed Acq by Navicure for $750M

Feb 2016 Truven Health Acq by IBM for $2.6B

Aug 2015 Altegra Health Acq by Emdeon for $910M

Aug 2015 CECity Acq by Premier for $400M

Jan 2014 DeepMind Acq by Google for $500M

Nov 2011 HealthDataInsights Acq by HMS for $400M

Nov 2011 Emdeon Acq by The Blackstone Group for $3.0B

Healthcare Analytics > Feed Summary > Exit Outlook Summary

IBM 2 Truven Health (Feb 2016, $2.6B), Phytel (May 2015)

Emdeon 2Altegra Health (Aug 2015, $910M), Change Healthcare (Nov

2014, $135M)

HMS 2HealthDataInsights (Nov 2011, $400M), Eliza Corp (Mar 2017,

$170M)

The Blackstone

Group1 Emdeon (Nov 2011, $3B)

Google 1 DeepMind (Jan 2014, $500M)

Recent IPOs Top Acquisitions

Volpara Solutions Apr 2016Quantitative breast imaging tools to asse…IPO MCap: $24.4M Current MCap: $51.4M

Evolent Health Jun 2015Provides clinical and operational technol…IPO MCap: $675M Current MCap: $990M

Inovalon Feb 2015Cloud-based data analytics platform that…IPO MCap: $3.9B Current MCap: $2.2B

IXICO Oct 2013provides clinical trial services, and dev…IPO MCap: $15.8M Current MCap: $187k

Mynd Analytics Jul 2017MYnd Analytics, formerly CNS Response is…IPO MCap: $22.1M Current MCap: $13.3M

Tabula Rasa Healthcare Sep 2016Data driven care optimization solutions f…IPO MCap: - Current MCap: $547M

NantHealth Jun 2016Integrative bioinformatics platform to fi…IPO MCap: $1.7B Current MCap: $336M

Cotiviti Healthcare May 2016Analytics-driven payment accuracy solutio…IPO MCap: $1.7B Current MCap: $3B

Page 7: Tracxn - Healthcare Analytics Startup Landscape

Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Healthcare Analytics - Jan 2018

Cumulative funding in the market

January 2018Tracxn BlueBox – Healthcare Analytics

1185+ companies in the sector, 459 funded in last 5 years, $2.6B invested in last 2 Years Most Active Investors: Rock Health, Healthbox, Flare Capital Partners, GE Ventures, Y Combinator

Clinical Analytics Financial Analytics Operational Analytics Health Engagement

Risk ProfileNeuroVision (2010, Sacramento, $9.52M)

DiagnosisHeartFlow (2007, Redwood City, $316.84M)

Care PlanningSyapse (2008, Palo Alto, $69.5M)

Revenue Cycle ManagementMediGain (2004, Plano, $46.5M)

Cost ContainmentTruveris (2009, New York City, $51.68M)

Fraud DetectionHealthDataInsights (1985, Las Vegas, $13.2M)

Suite SolutionsLaunchPoint (2008, Rolling Meadows, $26M)

Asset ManagementOnShift (2008, Cleveland, $30.3M)

Business IntelligenceEvidation (2014, Menlo Park, $31.16M)

Performance MetricsMD Insider (2012, Santa Monica, $24.3M)

MarketingEvariant (2008, Farmington, $68.5M)

Member EngagementLife.io (2012, Philadelphia, $2.41M)

Medication AdherenceProteus Digital Health (2001, Redwood City,

$404M)

Care PlansWellDoc (2005, Baltimore, $64.78M)

MonitoringEarlySense (2004, Ramat Gan, $85M)

$2.1B $636M $985M $1.2B

Suite SolutionsHealth Catalyst (2008, Salt Lake City, $237M)

$2.1B

Population Health Management Welltok (2009, Denver, $258.22M)

$902M

Healthcare Analytics > Feed Summary > BlueBox

7

Page 8: Tracxn - Healthcare Analytics Startup Landscape

Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Healthcare Analytics - Jan 2018

Key Sub Sectors in Healthcare Analytics Sector

Summary of Key Markets

Top Markets of Investment Activity# Cos on Platform

Last 2 Years

$ Invested # Round

Population Health Management >

Employee Health 29 $159M 11

Population Health Management >

Patient Health 104 $118M 25

Operational Analytics >

Business Intelligence 86 $123M 15

Clinical Analytics > Diagnosis > Image

Analysis > Disease-agnostic >

AI32 $113M 16

Clinical Analytics > Care Planning >

Treatment > Precision Health >

Oncology13 $139M 8

Health Engagement > Patient Engagement >

Care Plans >

Chronic care23 $82.3M 9

Financial Analytics >

Risk Adjustment 21 $85M 7

Health Engagement > Patient Engagement >

Medication Adherence 14 $70.8M 7

Health Engagement > Patient Engagement >

Monitoring >

Aggregated28 $30.8M 8

Sub Sectors# Cos

Tracked#

FundedTotal

Funding

Suite SolutionsCompanies that offer a suite of analytical solutions which help hospitals transition...

50 33 $2.1B

Clinical AnalyticsCompanies that provide solutions using data mining or new techniques like AI, NLP, ML...

378 197 $2.1B

Health EngagementCompanies which provide analytics solutions to try and engage patients more in the care...

169 99 $1.2B

Operational AnalyticsCompanies which provide analytical solutions that support administrative and operational...

309 128 $985M

Population Health Management Companies that offer patient data aggregation & analysis solutions across multiple Health...

147 86 $902M

EHR PlatformsCompanies that provide EHRs integrated with analytics or using AI, ML to improve clinical...

31 9 $692M

Financial AnalyticsCompanies which offer solutions aimed at streamlining and improving the financial process...

103 55 $636M

Healthcare Analytics > Feed Summary > Summary of Key Markets

8

Page 9: Tracxn - Healthcare Analytics Startup Landscape

Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Healthcare Analytics - Jan 2018

List of Notable Companies in Healthcare Analytics

Notable Companies in the Sector (1/2)

9

Note: *(Founded Year, Location, Total Funding)

Healthcare Analytics > Feed Summary > Notable Companies in the Sector

Public

Inovalon(1998, Bowie)*

Cotiviti Healthcare(1979, Atlanta)

NantHealth(2007, Culver City, $765M)

Evolent Health(2011, Arlington, $121M)

Epocrates(1998, San Mateo, $35M)

Medecision(1988, Wayne, $30M)

Omnicell(1992, Mountain View)

Volpara Solutions(2009, Wellington, $5.5M)

Mynd Analytics(1999, Aliso Viejo, $33.9M)

IXICO(2013, London)

Public

Alcidion Corporation(2000, Wayville, $3.9M)

VentriPoint(2005, Seattle)

Open Source Health(2001, Toronto)

Certive(2013, Phoenix, $8.6M)

BSP Cardiology(2000, Tel Aviv, $2.5M)

Quture(1972, Daytona Beach, $563k)

Advisory(1979, Washington D.C.)

Feedback(1958, Cambridge)

Streamline Health(1989, Atlanta)

Tabula Rasa Healthcare(2013, Moorestown)

Public

VeriTeQ(1995, Delray Beach)

Acquired

Emdeon(1986, Nashville)

Truven Health(2012, Ann Arbor)

Altegra Health(1990, Miami)

ZirMed(1999, Louisville)

DeepMind(2011, London, $50M)

HealthDataInsights(1985, Las Vegas, $13.2M)

CECity(1996, Homestead)

vRad(2001, Eden Prairie)

Aesynt(2013, Cranberry Township)

Assurex Health(2006, Mason, $84.5M)

Acquired

Valence Health(1996, Chicago, $45M)

Eliza Corp(1998, Danvers, $106M)

Avalere Health(2000, Washington D.C.)

Change Healthcare(2007, Tennessee, $36.6M)

Page 10: Tracxn - Healthcare Analytics Startup Landscape

Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Healthcare Analytics - Jan 2018

List of Notable Companies in Healthcare Analytics

Notable Companies in the Sector (2/2)

10

Note: *(Founded Year, Location, Total Funding)

Healthcare Analytics > Feed Summary > Notable Companies in the Sector

Unicorns

Proteus Digital Health(2001, Redwood City, $404M)

Modernizing Medicine(2010, Boca Raton, $329M)

HeartFlow(2007, Redwood City, $317M)

Flatiron Health(2012, New York City, $314M)

Page 12: Tracxn - Healthcare Analytics Startup Landscape

Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Healthcare Analytics - Jan 2018

List of Notable Companies by Market in Healthcare Analytics

Notable Companies by Market (1/9)

12

Healthcare Analytics > Feed Summary > Notable Companies by Market

Suite Solutions

Suite Solutions

NantHealth (2007, Culver City, $765M)Integrative bioinformatics platform to find individualized treatment for cancer and other diseasesUnicorn. Stage: Public

Allscripts, Kuwait Investment Authority, Celgene and 3 Other Investors

Health Catalyst (2008, Salt Lake City, $237M)Provides analytics platform to improve quality and reduce costs of healthcare organizatonsSoonicorn. Stage: Series E

Norwest Venture Partners, UPMC, Sequoia Capital and 10 Other Investors

CitiusTech (2005, Princeton, $112M)Offers a range of analytical solutions and technology services for Healthcare providersSoonicorn. Stage: Funded

General Atlantic

Suite Solutions

Change Healthcare (2007, Tennessee, $36.6M)Healthcare cost transparency and consumer engagement solutionsUnicorn. Stage: Acquired

HLM Venture Partners, Noro-Moseley Partners, BlueCross BlueShield Venture Partners and 6 Other Investors

Truven Health (2012, Ann Arbor)Delivers analytic tools, benchmarks and servicesUnicorn. Stage: Acquired

Conrad N. Hilton Foundation, Invest Michigan, Veritas Capital

Indegene (1998, Bangalore)Suite solutions for payers and healthcare providersSoonicorn. Stage: Funded

kitven Fund

Suite Solutions

Streamline Health (1989, Atlanta)SaaS-based analytic solutions to improve clinical, financial and operational outcomesStage: Public

Great Point Partners, Noro-Moseley Partners

ZirMed (1999, Louisville)Innovating Connected HealthcareStage: Acquired

Sequoia Capital, Poplar Ventures, Generation Partners

Page 13: Tracxn - Healthcare Analytics Startup Landscape

Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Healthcare Analytics - Jan 2018

List of Notable Companies by Market in Healthcare Analytics

Notable Companies by Market (2/9)

13

Healthcare Analytics > Feed Summary > Notable Companies by Market

Suite Solutions

Value Based Care

Alignment Healthcare (2013, Orange, $240M)Providing population health management to health systems and provider groups. Soonicorn. Stage: Funded

Warburg Pincus, General Atlantic

Evolent Health (2011, Arlington, $121M)Provides clinical and operational technology solutions to healthcare organizationsEditor's Pick. Stage: Public

Advisory, UPMC Health Plan, TPG and 2 Other Investors

Valence Health (1996, Chicago, $45M)Provider of clinical integration and health plan services. Editor's Pick. Stage: Acquired

GE Ventures, Flare Capital Partners, Heritage Group and 1 Other Investors

Value Based Care

Inovalon (1998, Bowie)Cloud-based data analytics platform that helps improve clinical, quality and payment integrity outcomesStage: Public

Population Health Management

Patient Health

Medecision (1988, Wayne, $30M)Offers On-demand cloud based population health technologyStage: Public

Grotech Ventures, Michigan, Liberty Venture Partners and 1 Other Investors

Page 14: Tracxn - Healthcare Analytics Startup Landscape

Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Healthcare Analytics - Jan 2018

List of Notable Companies by Market in Healthcare Analytics

Notable Companies by Market (3/9)

14

Healthcare Analytics > Feed Summary > Notable Companies by Market

Population Health Management

Employee Health

Welltok (2009, Denver, $258M)Platform which allows payers and employers to link incentives with improvement in health parameters and provides personalized health recommendations to consumersSoonicorn. Stage: Series F

New Enterprise Associates, Bessemer Venture Partners, Georgian Partners and 16 Other Investors

Clinical Analytics

Risk Profile

Open Source Health (2001, Toronto)Online platform for women health assistance to deliver precision medicine. Stage: Public

Cybernorth Ventures

Diagnosis

HeartFlow (2007, Redwood City, $317M)Provides cardiovascular diagnostic support using analytics. Unicorn. Stage: Series E

GE Ventures, BlueCross BlueShield Venture Partners, U.S Venture Partners and 1 Other Investors

Butterfly Network (2011, Guilford, $100M)Ultrasound based low cost, portable imaging devices that use machine learning technologySoonicorn. Stage: Funded

Aeris Capital, Stanford University, EMBL Ventures

Sophia Genetics (2011, Lausanne, $61.8M)Solutions for storage and analysis of patient genome sequence information and data. Soonicorn. Stage: Series D

Balderton Capital, Invoke Capital, 360 Capital Partners and 4 Other Investors

Page 15: Tracxn - Healthcare Analytics Startup Landscape

Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Healthcare Analytics - Jan 2018

List of Notable Companies by Market in Healthcare Analytics

Notable Companies by Market (4/9)

15

Healthcare Analytics > Feed Summary > Notable Companies by Market

Clinical Analytics

Diagnosis

Arterys (2012, San Francisco, $42M)SaaS analytics platform for Medical Image AnalysisSoonicorn. Stage: Series B

Temasek, Northwell, NewYork-Presbyterian and 9 Other Investors

Zebra Medical Vision (2014, Ramat Hasharon, $20M)Medical image based decision support toolsSoonicorn. Stage: Series B

Intermountain Healthcare, Dolby Family Ventures, Khosla Ventures and 2 Other Investors

Enlitic (2014, San Francisco, $15M)Machine learning for diagnostic healthcareSoonicorn. Stage: Series B

Capitol Health, Mission and Market, Amplify Partners and 2 Other Investors

Diagnosis

Volpara Solutions (2009, Wellington, $5.5M)Quantitative breast imaging tools to assess breast densityStage: Public

Callaghan Innovation

BSP Cardiology (2000, Tel Aviv, $2.5M)Diagnostic high frequency ECG devices and analytics for Ischemic heart diseaseStage: Public

Feedback (1958, Cambridge)Software solutions and workflows for medical image analysisStage: Public

IXICO (2013, London)provides clinical trial services, and developer of medical image management and analysisStage: Public

SBRI Healthcare, UK Government, IP Group and 1 Other Investors

Diagnosis

VentriPoint (2005, Seattle)Heart analysis systemStage: Public

vRad (2001, Eden Prairie)Provides radiology informatics solutions and teleradiology servicesStage: Acquired

Page 16: Tracxn - Healthcare Analytics Startup Landscape

Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Healthcare Analytics - Jan 2018

List of Notable Companies by Market in Healthcare Analytics

Notable Companies by Market (5/9)

16

Healthcare Analytics > Feed Summary > Notable Companies by Market

Clinical Analytics

Care Planning

Tempus (2015, Chicago, $130M)Oncology platform for sequencing, analytics and informaticsSoonicorn. Stage: Series C

New Enterprise Associates, Revolution, Lightbank

Assurex Health (2006, Mason, $84.5M)Personalized neuropsychiatric medicine. Editor's Pick. Stage: Acquired

Sequoia Capital, Mayo Clinic, Claremont Creek Ventures and 12 Other Investors

Syapse (2008, Palo Alto, $69.5M)Molecular profiling platform for diagnosing and treating patientsSoonicorn. Stage: Series D

Ascension Ventures, GE Ventures, Intermountain Healthcare and 7 Other Investors

Care Planning

Epocrates (1998, San Mateo, $35M)Mobile & web based platform for clinical information and decision support for providersEditor's Pick. Stage: Public

Three Arch Partners, Bay City Capital, DFJ and 7 Other Investors

Tabula Rasa Healthcare (2013, Moorestown)Data driven care optimization solutions for healthcare organizationsStage: Public

Radius Ventures, Originate Ventures, Rittenhouse Ventures and 2 Other Investors

Financial Analytics

Fraud Detection

HealthDataInsights (1985, Las Vegas, $13.2M)Technology driven Fraud, Waste & Abuse solutions for HealthcareStage: Acquired

Ticonderoga Private Equity, Redhills Ventures, Upfront Ventures and 1 Other Investors

Certive (2013, Phoenix, $8.6M)Cloud-based claims audit and recovery solutions for healthcare providers in U.SStage: Public

InterWest Partners, Leapfrog Ventures, Crosspoint Venture Partners and 1 Other Investors

Page 17: Tracxn - Healthcare Analytics Startup Landscape

Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Healthcare Analytics - Jan 2018

List of Notable Companies by Market in Healthcare Analytics

Notable Companies by Market (6/9)

17

Healthcare Analytics > Feed Summary > Notable Companies by Market

Financial Analytics

Risk Adjustment

Centauri Health Solutions (2014, Phoenix, $50M)Technology Platform providing data management designed specifically for risk adjustment and quality-based revenue programsSoonicorn. Stage: Funded

Silversmith Capital Partners, SV Health Investors

Altegra Health (1990, Miami)Cloud-based risk adjustment and quality analytics platformStage: Acquired

Stockwell Capital, Parthenon, Questa Capital

Episode-Based Payments

Remedy Partners (2011, Fairfield, $96.2M)Tech-enabled care coordination platformSoonicorn. Stage: Series B

Bain Capital Ventures, Spring Lake Equity Partners, Health Catalyst Capital and 1 Other Investors

Suite Solutions

Cotiviti Healthcare (1979, Atlanta)Analytics-driven payment accuracy solutions for healthcare payersStage: Public

Oak HC/FT, Advent International

Emdeon (1986, Nashville)Provides revenue and payment cycle management solutionsStage: Acquired

Hellman & Friedman, General Atlantic, AlpInvest Partners

Page 18: Tracxn - Healthcare Analytics Startup Landscape

Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Healthcare Analytics - Jan 2018

List of Notable Companies by Market in Healthcare Analytics

Notable Companies by Market (7/9)

18

Healthcare Analytics > Feed Summary > Notable Companies by Market

Operational Analytics

Asset Management

Alcidion Corporation (2000, Wayville, $3.9M)Decision support system offering centralised data for clinical operations at hospitalsStage: Public

Blue Sky Alternative Investments, Allure Capital

Aesynt (2013, Cranberry Township)Provides pharmacy automation and information management solutions for hospitals and health systems. Stage: Acquired

Omnicell (1992, Mountain View)Automated materials management & business analytics solutions for healthcare organizationsStage: Public

Mariko Osceola Gordon, Synergy Ventures, Ferrer Freeman Company and 3 Other Investors

Referral Management

Kyruus (2010, Boston, $55.8M)Referral management solutions for healthcare organizationsSoonicorn. Stage: Series D

Mercy, New Leaf Venture Partners, Highland Capital Partners and 8 Other Investors

Marketing

Evariant (2008, Farmington, $68.5M)Provides platform for digital marketing solutionsSoonicorn. Stage: Series C

Salesforce, McKesson Ventures, Lightspeed Venture Partners and 4 Other Investors

Page 19: Tracxn - Healthcare Analytics Startup Landscape

Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Healthcare Analytics - Jan 2018

List of Notable Companies by Market in Healthcare Analytics

Notable Companies by Market (8/9)

19

Healthcare Analytics > Feed Summary > Notable Companies by Market

Operational Analytics

Business Intelligence

Blue Health Intelligence (2010, Chicago, $70.6M)Provides predictive analytics to improve patient careSoonicorn. Stage: Series B

Quture (1972, Daytona Beach, $563k)Clinical performance and outcomes analytics companyStage: Public

Advisory (1979, Washington D.C.)Provides an analytics platform and consulting services for business intelligenceEditor's Pick. Stage: Public

Avalere Health (2000, Washington D.C.)Focuses on solving analytic and strategic problems for healthcare companiesStage: Acquired

Performance Metrics

CECity (1996, Homestead)Offers Pay for Performance analyticsStage: Acquired

Health Engagement

Member Engagement

Eliza Corp (1998, Danvers, $106M)Predictive analytics driven platform for health engagementSoonicorn. Stage: Acquired

Parthenon, Questa Capital

Page 20: Tracxn - Healthcare Analytics Startup Landscape

Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Healthcare Analytics - Jan 2018

List of Notable Companies by Market in Healthcare Analytics

Notable Companies by Market (9/9)

20

Healthcare Analytics > Feed Summary > Notable Companies by Market

Health Engagement

Patient Engagement

Proteus Digital Health (2001, Redwood City, $404M)Medical adherence monitoring systemUnicorn. Stage: Series H

Otsuka, Novartis Venture Fund, Adams Street Partners and 20 Other Investors

EarlySense (2004, Ramat Gan, $85M)Contact free patient monitoring solutionSoonicorn. Stage: Series F

Bank Hapoalim, Pitango Venture Capital, JK&B Capital and 13 Other Investors

Glooko (2010, Palo Alto, $71M)Glucose meter and mobile app for diabetes managementSoonicorn. Stage: Series C

Georgian Partners, Mayo Clinic, Canaan Partners and 6 Other Investors

Patient Engagement

WellDoc (2005, Baltimore, $64.8M)Mobile health products for chronic disease managementSoonicorn. Stage: Series B

JNJ Innovation, Samsung Venture Investment, Adage Capital Management and 7 Other Investors

VeriTeQ (1995, Delray Beach)Implantable RFID for in-vivo and in-vitro useStage: Public

Hudson Bay Capital Management

EHR Platforms

EHR Platforms

Modernizing Medicine (2010, Boca Raton, $329M)Provides specialty-specific EMR with machine learning technologyUnicorn. Stage: Series E

Warburg Pincus, Pentland, Sands Capital Ventures and 4 Other Investors

Flatiron Health (2012, New York City, $314M)Cloud-based oncology platform offering analytics, billing and EHRUnicorn. Stage: Series C

Roche, Baillie Gifford, Casdin Capital and 11 Other Investors

Page 21: Tracxn - Healthcare Analytics Startup Landscape

Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Healthcare Analytics - Jan 2018

Recent News in Healthcare Analytics Sector

Recent News

21

Healthcare Analytics > Feed Summary > Recent News

Dec 2017Lunit Leads the Expansion of AI in the Healthcare Industry, PR Newswire

Dec 2017 Wells Fargo Agents Omnicell Revolver Amendment, ABFJournal

Dec 2017Philips Expands Population Health Management Business With Acquisition of VitalHealth , Imaging Technology News

Dec 2017Coastal Lab Partners Announces Strategic Partnership with inFocus Healthcare Consultants, Pharmacy Choice

Dec 2017Aidoc harnesses deep learning to improve the radiologist’s workflow, MedCity News

Dec 2017CancerLinQ, Tempus, Precision HealthAI Partner on Oncology Data Delivery, Medical Buyer

Dec 20175 Healthcare Marketing Trends for Providers To Watch in 2018 , HIT Consultant

Dec 2017Outcome Health calls off headquarters move amid fraud allegations, Chicago Tribune

Dec 2017LeanTaaS iQueue for Infusion Centers Gains Momentum in 2017, HITECH news articles

Dec 2017Ovation and Coriell Life Sciences Integrate Laboratory Information Management and Genetic Reporting Workflows, GlobeNewswire

Dec 2017USF Health in Tampa Selects Kyruus to Support Patient Access Initiatives, Business Wire

Dec 2017Vital Images Expands Enterprise Imaging Solution at RSNA 2017, Imaging Technology News

Key Recent News Key Recent News

Dec 2017CipherHealth top-rated patient communications vendor by KLAS report, GlobeNewswire

Dec 2017MedHOK Integrates InterQual Connect™ into Population Health Platform, GlobeNewswire

Dec 2017Patient engagement platform HealthLoop partners with health analytics platform Sherbit, MobiHealthNews

Dec 2017ResApp revamps clinical trial of smartphone app to diagnose respiratory disease , MedCity News

Dec 2017Aver and HSBlox Announce Strategic Partnership for Bundled Payments Administration Using the R3 CORDA Platform, Business Wire

Dec 2017UPMC Chooses Revolutionary Technology from Omnicell to Elevate and Automate Pharmacy, PR Newswire

Dec 2017Ventripoint Applies for CE Mark for VMS+ Device and Complete Heart Analysis System, The Newswire

Dec 2017Health Share of Oregon and Health Catalyst Expand Program for Behavioral Health Analytics, Improved, PR Newswire

Dec 2017Champlain Valley Physicians Hospital Selects ezDI™ for Integrated Computer-Assisted Coding (ezCAC™) and Clinical Documentation Improvement (ezCDI™) Solution, PR Newswire

Dec 2017 Roche : to Acquire Viewics, 4-Traders

Dec 2017Deerwalk Incorporated Reorganizes Senior Management, Business Wire

Page 22: Tracxn - Healthcare Analytics Startup Landscape

Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Healthcare Analytics - Jan 2018

Contents

Feed Summary

Investment Trends

Market Details

Exit Outlook

Investors

News

Appendix

22

Funding Trends

Median Deal Size and Trend

New Entrants in Funding Club

Distribution of companies by Funding Range

Funding Funnel of the Sector

Top Investments and Investors

Investors in Unicorn club

Page 24: Tracxn - Healthcare Analytics Startup Landscape

Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Healthcare Analytics - Jan 2018

$213M$357M

$450M

$2.3B

$1.4B

$1.2B

$1.4B

0

20

40

60

80

100

120

140

160

180

200

$0k

$500M

$1.B

$1.5B

$2.B

$2.5B

2011 2012 2013 2014 2015 2016 2017 2018*

$ Funding # Rounds

3 Year CAGR

6 Year CAGR

Investments ($M) and number of rounds in Healthcare Analytics; 2011-2017

Global Funding Trends (1/2)

24

Note: Funding excludes Grant, Debt and Post IPO rounds. Excludes all details for Chinese companies

*YTD

Healthcare Analytics > Investment Trends > Global Funding Trends

# R

ou

nd

s$

Fu

nd

ing

37% $ Funding

16% $ Funding

12% # of Rounds

12% # of Rounds

Page 25: Tracxn - Healthcare Analytics Startup Landscape

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$24M $23M $36M $59M $62M $55M $48M

$163M

$244M$262M

$1.2B$481M $463M $577M

$26M $90M $152M $1.1B $872M $680M $754M

2011 2012 2013 2014 2015 2016 2017 2018 YTD

Seed Early Stage Late Stage

33 45 64 75 83 62 35

24 40 47

70 66

79 70

5 9 13 29 21 22 15

2011 2012 2013 2014 2015 2016 2017 2018 YTD

Seed Early Stage Late Stage

62

0

Total # of Rounds

$63M $95M$177M

$1.9B

$961M

$638M

$895M

$0K0

5

10

15

20

25

0

200000000

400000000

600000000

800000000

1E+09

1.2E+09

1.4E+09

1.6E+09

1.8E+09

2E+09

2011 2012 2013 2014 2015 2016 2017 2018 YTD

$ Funding # of Rounds

25

Note: Mega Rounds = rounds with size > $20M. Funding excludes Grant, Debt and Post IPO rounds. Excludes all details for Chinese companies

Stage-wise Number of RoundsStage-wise $ Invested

New Entrants in Funded ClubMega Rounds

Global Funding Trends (2/2)

Investments ($M) and number of rounds in Healthcare Analytics; 2011-2017

Healthcare Analytics > Investment Trends > Global Funding Trends

3345

65

64

69

70

44 390

$2.9M

$2.9M

$0.0M

$1.0M

$2.0M

$3.0M

$4.0M

$5.0M

$6.0M

$7.0M

0

50

100

150

200

250

300

350

400

450

2001-2011 2012 2013 2014 2015 2016 2017 Total

Entrants in Funding Club Avg. Ticket Size

3 3 5 20 17 11 16 - $2.9M $2.8M $1.8M $2.4M $1.6M $2.8M $6.1M $2.9M

$213M

$0K

Total $ Invested

Page 26: Tracxn - Healthcare Analytics Startup Landscape

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Healthcare Analytics > Investment Trends > Funding Trends by Geography

Investments ($M) and number of rounds in Healthcare Analytics

Funding Trends by Geography

Funding Trends by Geography Top Cities of Funding

City $ Funding # Rounds

Bay Area 1.6B 161

Culver City 765M 8

New York City 576M 50

Santa Monica 343M 11

Boca Raton 341M 11

Denver 283M 22

Orange 240M 2

Salt Lake City 237M 7

Chicago 237M 23

Boston 210M 30

Total Funding

132

66

24

21

15

7

5

1

# Rounds

$7.8B

$194M

$160M

$76.2M

$28.9M

$10.4M

$7.2M

$7M

US

Europe

Israel

Canada

India

SEA

Australia

Japan

Note: Excludes funding information of China companies

Page 27: Tracxn - Healthcare Analytics Startup Landscape

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Trend of Average Deal Size ($M)

$0.8 $0.6 $0.6 $0.9 $0.9 $1.0

$2.0

2011 2012 2013 2014 2015 2016 2017

$5.8$6.7

$4.4$5.9 $5.5 $5.4 $6.2

$10.0 $7.3 $8.5

$41.3

$14.8$9.2

$14.7

$6.5 $11.3 $15.2

$40.3 $41.5 $37.8$53.9

Healthcare Analytics > Investment Trends > Median Deal Size and Trend

Median and Average Deal Size in $M (per Stage) in Healthcare Analytics; 2011-2017

Median Deal Size and Trend

Note: Excludes funding information of Chinese companies. *Graph not to scale

Median Deal Size and Range

$5K* $11M

$50K $31M

$92K $80M

$50K $1B

$22M

$7M

$2.8M

$0.3M

Series C+

Series B

Series A

Seed

Stage

Page 28: Tracxn - Healthcare Analytics Startup Landscape

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Note: 169 companies with undisclosed funding amount are not included

28

<$1M

$1-10M

$10-50M

$50-100M

$100M+

Funding Range

108

186

115

22

15

No. of Companies

Healthcare Analytics > Investment Trends > Distribution of companies by Funding Range

No. of companies by funding range in Healthcare Analytics; as of Jan 2018

Distribution of companies by Funding Range

$31M

$756M

$2.5B

$1.4B

$3.9B

$ Investment

Page 29: Tracxn - Healthcare Analytics Startup Landscape

Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Healthcare Analytics - Jan 2018

Stage No. of CompaniesFunding Funnel

100%

51%

25%

12%

6%

29

Note: Numbers in the brackets show the count of companies

Time to raise next round

69

138

302

607

1187

Series C+

Series B

Series A

Funded

Founded

Next Round

100M+Valuation

ExitsAcqui-Hired

DeadPooled

Others

51% 5%(59)

3%(35)

10%(118)

3%(30)

36%(432)

50% 9%(54)

5%(30)

13%(77)

2%(13)

35%(215)

46% 14%(42)

6%(18)

17%(52)

- 37%(112)

50% 25%(35)

8%(11)

27%(37)

- 23%(32)

- 36%(25)

10%(7)

32%(22)

- 1%(1)

Healthcare Analytics > Investment Trends > Funding Funnel

Number of companies progressing to subsequent funding stages in Healthcare Analytics

Funding Funnel

16 Months

18 Months

17 Months

Investment backedBootstrapped

22

7

10

20

4

1

Soonicorns

Unicorns

Acquisitions

IPOs

Page 30: Tracxn - Healthcare Analytics Startup Landscape

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Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)

Healthcare Analytics > Investment Trends > Notable Investments in last 24 months

Major funding rounds by Stage in Healthcare Analytics; Jan 2016-Jan 2018

Notable Investments in last 24 months (1/8)

LATE STAGE

$231M - PE May 2017Modernizing Medicine (2010, Boca Raton, $329M)Provides specialty-specific EMR with machine learning technology

Warburg Pincus

$175M - Series C Jan 2016Flatiron Health (2012, New York City, $314M)Cloud-based oncology platform offering analytics, billing and EHR

Roche, Baillie Gifford, Casdin Capital, Allen & Company, Stripes Group

$115M - PE Mar 2017Alignment Healthcare (2013, Orange, $240M)Providing population health management to health systems and provider groups.

Warburg Pincus

$100M - Series D May 2016HeartFlow (2007, Redwood City, $317M)Provides cardiovascular diagnostic support using analytics.

LATE STAGE

$90M - Series E Nov 2017HeartFlow (2007, Redwood City, $317M)Provides cardiovascular diagnostic support using analytics.

$73M - Series F Oct 2017Welltok (2009, Denver, $258M)Platform which allows payers and employers to link incentives with improvement in health parameters and provides personalized health recommendations to consumers

$70M - Series E Feb 2016Health Catalyst (2008, Salt Lake City, $237M)Provides analytics platform to improve quality and reduce costs of healthcare organizatons

UPMC

$70M - Series C Sep 2017Tempus (2015, Chicago, $130M)Oncology platform for sequencing, analytics and informatics

New Enterprise Associates, Revolution

LATE STAGE

$50M - PE May 2016Centauri Health Solutions (2014, Phoenix, $50M)Technology Platform providing data management designed specifically for risk adjustment and quality-based revenue programs

Silversmith Capital Partners

$50M - Series H Apr 2016Proteus Digital Health (2001, Redwood City, $404M)Medical adherence monitoring system

Novartis Venture Fund, Frazier Healthcare Partners

$35M - Series C Jun 2017Glooko (2010, Palo Alto, $71M)Glucose meter and mobile app for diabetes management

Georgian Partners, Mayo Clinic, Samsung NEXT, Insulet

Page 31: Tracxn - Healthcare Analytics Startup Landscape

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Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)

Healthcare Analytics > Investment Trends > Notable Investments in last 24 months

Major funding rounds by Stage in Healthcare Analytics; Jan 2016-Jan 2018

Notable Investments in last 24 months (2/8)

LATE STAGE

$35M - Series C Feb 2016medCPU (2008, New York City, $50.9M)MedCPU provides clinical decision and advisory support platform.

UPMC

$33.7M - Series E Oct 2016Welltok (2009, Denver, $258M)Platform which allows payers and employers to link incentives with improvement in health parameters and provides personalized health recommendations to consumers

Sigma Partners, HLM Venture Partners

$30M - Series D Nov 2017Syapse (2008, Palo Alto, $69.5M)Molecular profiling platform for diagnosing and treating patients

Ascension Ventures, GE Ventures, Medidata, Merck Global Health Innovation Fund, Roche

LATE STAGE

$30M - Series D Sep 2017Sophia Genetics (2011, Lausanne, $61.8M)Solutions for storage and analysis of patient genome sequence information and data.

Balderton Capital, 360 Capital Partners

$25M - Series F Jun 2016EarlySense (2004, Ramat Gan, $85M)Contact free patient monitoring solution

Bank Hapoalim

$25M - Series C Jan 2016Syapse (2008, Palo Alto, $69.5M)Molecular profiling platform for diagnosing and treating patients

Ascension Ventures

$24.7M - Series D Sep 2017Truveris (2009, New York City, $51.7M)HealthTech Analytics and Validation platform

McKesson Ventures

LATE STAGE

$20.5M - Series C Nov 2017Prognos (2010, New York City, $42M)Analytics company utilizing lab data for improving care quality

Hermed Capital, Maywic Select Investments, Merck Global Health Innovation Fund, Safeguard Scientifics, GuardianLife, Hikma Ventures

$18M - Series D Apr 2016OnShift (2008, Cleveland, $30.3M)Staff scheduling software for healthcare

VelocityHealth Securities

$5M - PE Jan 2016VitreosHealth (2009, Plano, $5M)Offers Insights-as-a-Service (IaaS) on population health management

Kinderhook Industries

Series D Feb 2017Kyruus (2010, Boston, $55.8M)Referral management solutions for healthcare organizations

Mercy

Page 32: Tracxn - Healthcare Analytics Startup Landscape

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Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)

Healthcare Analytics > Investment Trends > Notable Investments in last 24 months

Major funding rounds by Stage in Healthcare Analytics; Jan 2016-Jan 2018

Notable Investments in last 24 months (3/8)

LATE STAGE

Series C May 2016Evariant (2008, Farmington, $68.5M)Provides platform for digital marketing solutions

McKesson Ventures

EARLY STAGE

$42.6M - Series B Aug 2017Blue Health Intelligence (2010, Chicago, $70.6M)Provides predictive analytics to improve patient care

$30M - Series B Jan 2017Arcadia Healthcare Solutions (2002, Burlington, $43M)Analytics platform for improving care quality and reducing costs.

Merck, GE Ventures, Morgan Stanley

$30M - Series B Nov 2017Arterys (2012, San Francisco, $42M)SaaS analytics platform for Medical Image Analysis

Temasek, Northwell, NewYork-Presbyterian, Varian Medical Systems, DNA Capital

$26M - Series B Nov 2017LeanTaaS (2010, Santa Clara, $39.4M)Tools for resource utilization and patient time optimization

Insight Venture Partners

EARLY STAGE

$25M - Series B Sep 2017Analytics4Life (2011, Toronto, $34M)Technology for non-invasive cardiac monitoring and to assess specific disease

$22.7M - Series B Dec 2017Artemis Health (2013, New York City, $32.7M)Population health analytics for employers

FPrime Capital Partners, Maverick Ventures, Kickstart Seed Fund

$21.6M - Series A Mar 2016Pieces Tech (2015, Texas City, $21.6M)Predictive analytics platform to identify and prevent adverse events

Pacific Advantage Capital, Jump Capital, OSF HealthCare, Parkland Center for Clinical Innovation, Children's Health

$15.6M - Series A Aug 2016Innovaccer (2012, Noida, $18.4M)Provide a platform which uses big data analytics on the data collected from multiple sources to provide clinicians with insights

WestBridge Capital Partners, Pravega Ventures

Page 33: Tracxn - Healthcare Analytics Startup Landscape

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Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)

Healthcare Analytics > Investment Trends > Notable Investments in last 24 months

Major funding rounds by Stage in Healthcare Analytics; Jan 2016-Jan 2018

Notable Investments in last 24 months (4/8)

EARLY STAGE

$15M - Series B Jul 2017Wellframe (2011, Boston, $25.1M)Mobile and AI based platform offering support to providers for better patient engagement

FPrime Capital Partners

$15M - Series B Nov 2016Cogito Corporation (2007, Boston, $22.5M)Caller Behavioural science for sales and service

OpenView

$15M - Series A Oct 2017Voxelcloud (2015, Los Angeles, $28.5M)Automated medical image analysis solutions

Tencent

$13.6M - Series B Jan 2016Aver (2010, Ohio, $24.4M)Bundled payment solution and performance analytics

Heritage Group, Cardinal Health, Hearst, StartUp Health, NCT Ventures

EARLY STAGE

$12.3M - Series A Jan 2016AiCure (2009, New York City, $12.3M)SaaS platform that visually confirms medication adherence

New Leaf Venture Partners, Biomatics Capital

$12M - Series B May 2016Zebra Medical Vision (2014, Ramat Hasharon, $20M)Medical image based decision support tools

Intermountain Healthcare, OurCrowd First

$11.9M - Series A Sep 2017Caresyntax (2015, Berlin, $11.9M)Analytics & integration platform to improve surgical outcomes

Norgine Ventures

$11.5M - Series B May 2016Evidation (2014, Menlo Park, $31.2M)Uses data analytics to evaluate digital health technologies

B Capital Group

EARLY STAGE

$11.2M - Series A Mar 2017Aetion (2012, New York City, $11.2M)Provides payer/provider, biopharma and medical device customers with a platform to allow them to gain insights into the clinical and financial status of a population

Flare Capital Partners, Lakestar

$10M - Series B Apr 2017Evidation (2014, Menlo Park, $31.2M)Uses data analytics to evaluate digital health technologies

Sanofi Genzyme BioVentures

$10M - Series B May 2016Lumiata (2013, San Mateo, $23M)Helping providers deliver optimized care using medical science-based graph analytics

Intel Capital

$10M - Series B Apr 2017HealthVerity (2014, Philadelphia, $17.1M)Patient Engagement solutions with location based analyics

Page 34: Tracxn - Healthcare Analytics Startup Landscape

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Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)

Healthcare Analytics > Investment Trends > Notable Investments in last 24 months

Major funding rounds by Stage in Healthcare Analytics; Jan 2016-Jan 2018

Notable Investments in last 24 months (5/8)

EARLY STAGE

$8.9M - Series A Feb 2016Jvion (2011, Suwanee, $8.9M)Deep Learning for Predicting illness

$8.4M - Series B May 2017Healthloop (2009, Mountain View, $23.8M)Cloud based analytics platform for patient engagement and care coordination during patient recovery

Summation Health Ventures, NextEquity, iCarbonX

$8.3M - Series A May 2017Artemis Health (2013, New York City, $32.7M)Population health analytics for employers

Maverick Ventures

$8M - Series B Sep 2016Glooko (2010, Palo Alto, $71M)Glucose meter and mobile app for diabetes management

Canaan Partners

EARLY STAGE

$8M - Series B Jul 2017PhysIQ (2005, Naperville, $19.9M)PhysIQ is a personalized physiology data analytics platform.

Quark Venture, GF Securities, 4490 Ventures

$8M - Series A May 2017Voxelcloud (2015, Los Angeles, $28.5M)Automated medical image analysis solutions

Sequoia Capital

$7.5M - Series B Mar 2016WellDoc (2005, Baltimore, $64.8M)Mobile health products for chronic disease management

JNJ Innovation

$7.2M - Series A Jan 2016Analytics4Life (2011, Toronto, $34M)Technology for non-invasive cardiac monitoring and to assess specific disease

EARLY STAGE

$7.1M - Series A Apr 2016HealthVerity (2014, Philadelphia, $17.1M)Patient Engagement solutions with location based analyics

Flare Capital Partners, Greycroft Partners

$7M - Series A Feb 2016Cogitativo (2014, Berkeley, $12M)Data Science-as-a-Service platform fro HCOs

Marble Bridge

$6.9M - Series A May 2016Innovu (2014, Pittsburgh, $14.3M)Innovu helps employers make informed decisions regarding their benefits plans

$6.5M - Series A Jun 2017Innovu (2014, Pittsburgh, $14.3M)Innovu helps employers make informed decisions regarding their benefits plans

Page 35: Tracxn - Healthcare Analytics Startup Landscape

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Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)

Healthcare Analytics > Investment Trends > Notable Investments in last 24 months

Major funding rounds by Stage in Healthcare Analytics; Jan 2016-Jan 2018

Notable Investments in last 24 months (6/8)

EARLY STAGE

$6M - Series A Jul 2017Somatix (2015, New York City, $7.5M)Motion detection, analysis and management platform for preventative and rehabilitative healthcare

Digitalis Ventures

$5.8M - Series A Feb 2017SigTuple (2015, Bangalore, $6.5M)AI based healthcare diagnostic solution

IDG Ventures India, Endiya Partners, Pi Ventures, Venture Highway

$5M - Series A Mar 2016Arterys (2012, San Francisco, $42M)SaaS analytics platform for Medical Image Analysis

GE Ventures, StartX

$5M - Series A Sep 2017Cogitativo (2014, Berkeley, $12M)Data Science-as-a-Service platform fro HCOs

EARLY STAGE

$4.3M - Series A Aug 2016CareSkore (2014, Chicago, $4.4M)Providing population management solution for hospitals, health systems and ACOs.

Cota Capital, Storm Ventures, Liquid 2 Ventures

$4M - Series A May 2017NarrativeDx (2014, Austin, $5.8M)Provides actionable insights from patient narratives

$3.8M - Series A May 2016Springbuk (2014, Indianapolis, $3.9M)Providing analytics for a better ROI in population health.

Lewis & Clark Ventures

$3.6M - Series A Feb 2016PhysIQ (2005, Naperville, $19.9M)PhysIQ is a personalized physiology data analytics platform.

EARLY STAGE

$3.5M - Series B Oct 2016Evidation (2014, Menlo Park, $31.2M)Uses data analytics to evaluate digital health technologies

Pappas Ventures, Fresco Capital

$3M - Series B Sep 2017Lumiata (2013, San Mateo, $23M)Helping providers deliver optimized care using medical science-based graph analytics

$3M - Series A May 2016Cordata Healthcare Innovations (2002, Cincinnati, $3M)Care coordination solution for Spine and Oncology

CincyTech, CV Holdings

$2.5M - Series B Apr 2016WiserTogether (2008, Washington D.C., $19.3M)Personalized treatment comparison and selection platform for patients through healthcare organizations or employer.

Page 36: Tracxn - Healthcare Analytics Startup Landscape

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Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)

Healthcare Analytics > Investment Trends > Notable Investments in last 24 months

Major funding rounds by Stage in Healthcare Analytics; Jan 2016-Jan 2018

Notable Investments in last 24 months (7/8)

EARLY STAGE

$1.1M - Series A Mar 2016NarrativeDx (2014, Austin, $5.8M)Provides actionable insights from patient narratives

$1M - Series A Apr 2016Cogito Corporation (2007, Boston, $22.5M)Caller Behavioural science for sales and service

$600k - Series A Dec 2017Innovu (2014, Pittsburgh, $14.3M)Innovu helps employers make informed decisions regarding their benefits plans

$575k - Series B Nov 2017WiserTogether (2008, Washington D.C., $19.3M)Personalized treatment comparison and selection platform for patients through healthcare organizations or employer.

$500k - Series B Dec 2016WiserTogether (2008, Washington D.C., $19.3M)Personalized treatment comparison and selection platform for patients through healthcare organizations or employer.

EARLY STAGE

$250k - Series A Jun 2017Innovu (2014, Pittsburgh, $14.3M)Innovu helps employers make informed decisions regarding their benefits plans

$167k - Series A Aug 2017Springbuk (2014, Indianapolis, $3.9M)Providing analytics for a better ROI in population health.

Series A Apr 2016Jvion (2011, Suwanee, $8.9M)Deep Learning for Predicting illness

Eastside Partners, Martin Ventures

Series A May 2017NarrativeDx (2014, Austin, $5.8M)Provides actionable insights from patient narratives

Cultivation Capital, HealthX Ventures

Series A May 2017InsightRx (2015, San Francisco)Analytics platform for precision dosing

GreatPoint Ventures

SEED STAGE

$11.9M - Seed Feb 2017Moving Analytics (2013, Marina Del Rey, $1.2M)Home based cardiac rehab through mobile app

OCA Ventures

$8.5M - Seed Jun 2017Xealth (2017, Seattle, $8.5M)Digital care platform to prescribe, monitor and analyze care solutions

DFJ, Providence Health & Services, UPMC, Froedtert Health

$5.5M - Angel Sep 2016Voxelcloud (2015, Los Angeles, $28.5M)Automated medical image analysis solutions

$2M - Seed Mar 2016MedyMatch (2013, Tel Aviv, $2M)Clinical Decision Support System using Artificial Intelligence

Genesis Capital Advisors, Exigent Capital Management

Page 37: Tracxn - Healthcare Analytics Startup Landscape

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Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)

Healthcare Analytics > Investment Trends > Notable Investments in last 24 months

Major funding rounds by Stage in Healthcare Analytics; Jan 2016-Jan 2018

Notable Investments in last 24 months (8/8)

SEED STAGE

$1.6M - Seed Nov 2016Noona (2014, Helsinki, $1.6M)Provides symptom reporting and patient monitoring bringing software for cancer care through mobile devices

Inventure, Capricorn Venture Partners

$1.5M - Seed Jun 2016Somatix (2015, New York City, $7.5M)Motion detection, analysis and management platform for preventative and rehabilitative healthcare

Dreamit

$1.1M - Seed Jun 2016Moving Analytics (2013, Marina Del Rey, $1.2M)Home based cardiac rehab through mobile app

Launchpad Digital Health

$610k - Seed Feb 20164D Healthware (2011, Chicago, $610k)Cloud based platform for chronic care management

SEED STAGE

$120k - Seed Mar 2016CareSkore (2014, Chicago, $4.4M)Providing population management solution for hospitals, health systems and ACOs.

Y Combinator

Page 38: Tracxn - Healthcare Analytics Startup Landscape

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Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)

Healthcare Analytics > Investment Trends > Notable Investments in last 24 months in China

Major funding rounds by Stage in Healthcare Analytics; Jan 2016-Jan 2018

Notable Investments in last 24 months in China

EARLY STAGE

$40M - Series B Oct 2017Prenetics (2009, Hong Kong, $52.6M)Pharmacogenomics for drug dosage and adverse

drug effects

BEYOND VENTURES, Alibaba Entrepreneurs Fund, REAPRA Ventures

$30.2M - Series B Dec 201712Sigma (2016, Nanjing, $31.7M)

AI based medical diagnosis system tools

SB China Capital, German Capital

Page 39: Tracxn - Healthcare Analytics Startup Landscape

Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Healthcare Analytics - Jan 2018

Most Active Investors (VC, PE) by Stage in Healthcare Analytics; Last 5 years (Jan 2013-Jan 2018)

Most Active VC & PE Investors

39

Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)

Healthcare Analytics > Investment Trends > Most Active VC & PE Investors

SEED STAGE

Y Combinator (7 Investments)analyticsMD, Qventus, CloudMedx

1

Rock Health (5 Investments)Ambient Clinical, Amplify Health, Sensentia

2

Frost Data Capital (4 Investments)Sentrian, Mindshare Medical, Penzata

3

AME Cloud Ventures (2 Investments)Viz AI, CloudMedx

4

Analytics Ventures (2 Investments)CureMatch, CureMetrix

5

BioAdvance (2 Investments)Oncora Medical, Bainbridge Health

6

Center for Innovative Technology (2

Investments)TypeZero Technologies, eKare

7

Elevate Ventures (2 Investments)Solstice Medical, Healthiest Employers

8

Parkwalk (2 Investments)Brainomix, Healthera

9

Spectrum28 (2 Investments)Vitagene, Elucid Labs

10

EARLY STAGE

GE Ventures (8 Investments)Arcadia Healthcare Solutions, Valence Health, Arterys

1

Flare Capital Partners (5 Investments)Valence Health, Predilytics, HealthVerity

2

BlueCross BlueShield Venture Partners (4 Investments)Axial Healthcare, Lumiata, Oncology Analytics

3

Norwest Venture Partners (4 Investments)Health Catalyst, analyticsMD, Qventus

4

Harbert Management (3 Investments)Wellcentive, WiserTogether, Healthcare Interactive

5

Heritage Group (3 Investments)Valence Health, Procured Health, Aver

6

Khosla Ventures (3 Investments)Zebra Medical Vision, Lumiata, Bay Labs

7

Martin Ventures (3 Investments)WiserTogether, Jvion, Upfront Healthcare

8

Merck Global Health Innovation Fund(3 Investments)WellDoc, medCPU, WiserTogether

9

New Leaf Venture Partners (3

Investments)Treato, QPID Health, AiCure

10

LATE STAGE

HLM Venture Partners (3 Investments)Welltok, Change Healthcare, OnShift

1

Bain Capital Ventures (2 Investments)MedHOK, Apixio

2

General Atlantic (2 Investments)CitiusTech, Alignment Healthcare

3

Georgian Partners (2 Investments)Welltok, Glooko

4

Merck Global Health Innovation Fund(2 Investments)Syapse, Prognos

5

Qualcomm Ventures (2 Investments)Welltok, Predilytics

6

Bregal Sagemount (2 Investments)ZeOmega, Recondo Tech

7

Sands Capital Ventures (2 Investments)Health Catalyst, Modernizing Medicine

8

McKesson Ventures (2 Investments)Evariant, Truveris

9

Warburg Pincus (2 Investments)Modernizing Medicine, Alignment Healthcare

10

Page 40: Tracxn - Healthcare Analytics Startup Landscape

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Healthcare Analytics > Investment Trends > Most Active Ecosystem Investors

Top Ecosystem Investors in Healthcare Analytics; Last 5 years (Jan 2013-Jan 2018)

Most Active Ecosystem Investors

INCUBATOR

Dreamit (8 Investments)MedAware, Somatix, NarrativeDx

1

Ben Franklin Technology Partners (5

Investments)Health Market Science, Life.io, Oncora Medical

2

Launchpad Digital Health (3 Investments)Moving Analytics, InsightRx, Agathos

3

Rev1 Ventures (3 Investments)Med-Compliance IQ, Health Data Intelligence, Ambassador Software Works

4

500 Startups (2 Investments)Innovaccer, burstIQ

5

Entrepreneur First (2 Investments)AccuRx, Transformative

6

Techstars (2 Investments)BrainSpec, Deep 6 Analytics

7

AccelepriseBridgecrest Medical

8

Capital InnovatorsSemantix

9

FuturePlayVuno

10

OTHER NOTABLE INVESTORS

Healthbox (10 Investments)Axial Healthcare, Clariture, The Right Place

1

HealthX Ventures (6 Investments)Forward Health Group, Aver, Moving Analytics

2

Blueprint Health (5 Investments)Artemis Health, Moving Analytics, Mediquire

3

StartUp Health (5 Investments)Aver, Health123, CarePredict

4

StartX (5 Investments)analyticsMD, Arterys, Qventus

5

Mayo Clinic (4 Investments)Glooko, Ambient Clinical, Care At Hand

6

National Science Foundation (4

Investments)Health Fidelity, HealthMyne, Quantitative Radiology Solutions

7

NueCura Partners (4 Investments)Bivarus, RxREVU, EvidenceCare

8

Orbimed (4 Investments)Proteus Digital Health, Treato, Sikka Software

9

Plug and Play Tech Center (4 Investments)BaseHealth, CloudMedx, DreamQuark

10

DEBT INVESTORS

Western Technology Investment (6

Investments)Treato, Cogito Corporation, Confirma

1

Silicon Valley Bank (5 Investments)Proteus Digital Health, Modernizing Medicine, Welltok

2

Connecticut InnovationsDiameter Health

3

MidCap FinancialDaVincian Healthcare

4

Trinity Capital InvestmentAgilum Healthcare

5

Volcano CapitalMediquire

6

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Healthcare Analytics > Investment Trends > Investors in Unicorn club

Investors in Unicorn Club (1/5)

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Healthcare Analytics > Investment Trends > Investors in Unicorn club

Investors in Unicorn Club (2/5)

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Healthcare Analytics > Investment Trends > Investors in Unicorn club

Investors in Unicorn Club (3/5)

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Healthcare Analytics > Investment Trends > Investors in Unicorn club

Investors in Unicorn Club (4/5)

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Healthcare Analytics > Investment Trends > Investors in Unicorn club

Investors in Unicorn Club (5/5)

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Healthcare Analytics > Investment Trends > Unicorn Investors in the Sector

Unicorn Investors in the Sector

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Contents

Feed Summary

Investment Trend

Market Details

Exit Outlook

Investors

News

Appendix

47

BlueBox

Key Sub Sectors

Detailed Sector Taxonomy

Top Markets of Investment Activity

Top Markets of Early Stage Investors

Other Notable Markets

Market Deep Dive

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January 2018

Healthcare Analytics > Market Details > BlueBox

49

Tracxn BlueBox – Healthcare Analytics

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Key Sub Sectors

50

Key Sub Sectors in Healthcare Analytics

Market Top Companies# Cos

Tracked#

FundedTotal

Funding

Suite SolutionsCompanies that offer a suite of analytical solutions which help hospitals transition from fee-for-service to value-based care

NantHealth (2007, Culver City, Public)Alignment Healthcare (2013, Orange, $240M)

50 33 $2.1B

Clinical AnalyticsCompanies that provide solutions using data mining or new techniques like AI, NLP, ML to provide clinicians with a decision support tool

Imaging Advantage (2007, Santa Monica, Acquired)HeartFlow (2007, Redwood City, $317M)

378 197 $2.1B

Health EngagementCompanies which provide analytics solutions to try and engage patients more in the care continuum

Eliza Corp (1998, Danvers, Acquired)Proteus Digital Health (2001, Redwood City, $404M)

169 99 $1.2B

Operational AnalyticsCompanies which provide analytical solutions that support administrative and operational decision making

ImpactRx (2000, Mount Laurel, Acquired)Blue Health Intelligence (2010, Chicago, $70.6M)

309 128 $985M

Population Health Management Companies that offer patient data aggregation & analysis solutions across multiple Health IT resources to provide clinical and financial insights to hospitals,...

Humedica (2008, Boston, Acquired)Welltok (2009, Denver, $258M)

147 86 $902M

EHR PlatformsCompanies that provide EHRs integrated with analytics or using AI, ML to improve clinical charting and provide physicians with a decision support tool

Picis Clinical Solutions (1994, Wakefield, Acquired)Modernizing Medicine (2010, Boca Raton, $329M)

31 9 $692M

Financial AnalyticsCompanies which offer solutions aimed at streamlining and improving the financial process catering either to hospitals or payers.

Health Market Science (1999, King Of Prussia, Acquired)Remedy Partners (2011, Fairfield, $96.2M)

103 55 $636M

Healthcare Analytics > Market Details > Key Sub Sectors

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Detailed Sector Taxonomy (1/7)

51

Healthcare Analytics > Market Details > Detailed Sector Taxonomy

51

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Detailed Sector Taxonomy (2/7)

52

Healthcare Analytics > Market Details > Detailed Sector Taxonomy

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Detailed Sector Taxonomy (3/7)

53

Healthcare Analytics > Market Details > Detailed Sector Taxonomy

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Detailed Sector Taxonomy (4/7)

54

Healthcare Analytics > Market Details > Detailed Sector Taxonomy

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Detailed Sector Taxonomy (5/7)

55

Healthcare Analytics > Market Details > Detailed Sector Taxonomy

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Detailed Sector Taxonomy (6/7)

56

Healthcare Analytics > Market Details > Detailed Sector Taxonomy

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Detailed Sector Taxonomy (7/7)

57

Healthcare Analytics > Market Details > Detailed Sector Taxonomy

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Rank MarketLast 2 Years

$ Invested # Round Top Funded Company

1(-)

Population Health Management > Employee HealthCompanies that provide solutions which aggregate clinical employee data to identify and stratify high-risk patients among them and also provide platforms to improve their well…(Companies covered 29 | Funded 16 | Total Funding $389M)

$159M(-$19.7M)

11(-6)

Welltok(2009, Denver, $258M)

2(-)

Population Health Management > Patient HealthCompanies that provide solutions which aggregate clinical and financial patient data to identify and stratify high-risk patients and also provide intervention plans (Companies covered 104 | Funded 61 | Total Funding $497M)

$118M(+$52M)

25(+3)

Pieces Tech(2015, Texas City, $21.6M)

3(-)

Operational Analytics > Business IntelligenceCompanies which provide solutions that convert big data from multiple data sources into intelligence to provide actionable insights(Companies covered 86 | Funded 27 | Total Funding $232M)

$123M(+$54.7M)

15(+1)

Blue Health Intelligence(2010, Chicago, $70.6M)

4(-1)

Health Engagement > Patient Engagement > Care Plans > Chronic careCompanies which offer solutions for chronic diseases like hypertension, diabetes that help providers to create care personalized care plans (Companies covered 23 | Funded 15 | Total Funding $195M)

$82.3M(-$21M)

9(-4)

Glooko(2010, Palo Alto, $71M)

5(+3)

Financial Analytics > Risk AdjustmentCompanies providing risk analytics enabling insurers to better predict prospective claims to help stabilize risk adjustment(Companies covered 21 | Funded 17 | Total Funding $172M)

$85M(+$50.9M)

7(+1)

Centauri Health Solutions(2014, Phoenix, $50M)

6(+4)

Health Engagement > Patient Engagement > Medication AdherenceCompanies which provide solutions that help patients to adhere to their medication intake using analytics (Companies covered 14 | Funded 10 | Total Funding $439M)

$70.8M(-$101M)

7(+4)

Proteus Digital Health(2001, Redwood City, $404M)

7(+7)

Health Engagement > Patient Engagement > Monitoring > AggregatedCompanies which provide analytics solutions that use data from multiple sources like wearables, apps, mobile sensor and devices to track patient health(Companies covered 28 | Funded 13 | Total Funding $41.9M)

$30.8M(+$25.3M)

8(+3)

PhysIQ(2005, Naperville, $19.9M)

58

Note: The numbers in the bracket represent the change in a 2 year period.

Top Markets of Investment Activity (1/3)

Top Markets by Funding in Healthcare Analytics in last 2 years (January 2016 - December 2017)

Healthcare Analytics > Market Details > Top Markets of Investment Activity

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Top Markets of Investment Activity (2/3)

Healthcare Analytics > Market Details > Top Markets of Investment Activity

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Top Markets of Investment Activity (3/3)

Healthcare Analytics > Market Details > Top Markets of Investment Activity

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Rank Market # Investments Key Investments

1

Financial Analytics > Episode-Based PaymentsCompanies providing solutions which enable healthcare providers in developing and operating patient-centric episodic payment programs(Companies created 7 | Funded 3 | Total Funding $136M )

1 OM1 (2015, Cambridge, $15M)

2

Population Health Management > Patient HealthCompanies that provide solutions which aggregate clinical and financial patient data to identify and stratify high-risk patients and also provide intervention plans(Companies created 104 | Funded 61 | Total Funding $497M )

1 Lumiata (2013, San Mateo, $23M)

Note: Investors considered - Sequoia Capital, Accel Partners, Andreessen Horowitz, NEA, Greylock Partners, General Catalyst Partners, Benchmark Capital, KPCB, Khosla Ventures, Redpoint Ventures, Founders Fund, SV Angel, Index Ventures, Bessemer Venture Partners, Lightspeed Venture Partners, Venrock, Draper Fisher Jurvetson, Institutional Venture Partners, Intel Capital, Battery Ventures

61

Top Markets of Early Stage InvestorsTop Markets where Early Stage Investors are investing in last 2 years (January 2016 - December 2017)

Healthcare Analytics > Market Details > Top Markets of Early Stage Investors

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Incubators Rev1 Ventures (#1), Acceleprise (#1)

Seed Castlight Health (#1), Venrock (#1)

Series A/B InterWest Partners (#1), Emergence Capital (#1)

Series C+ Sigma Partners (#1), HLM Venture Partners (#1) None

$22.7M - Series BArtemis Health (2013, New York City,

$32.7M)

$600k - Series AInnovu (2014, Pittsburgh, $14.3M)

$73M - Series FWelltok (2009, Denver, $258M)

$167k - Series ASpringbuk (2014, Indianapolis, $3.9M)

$6.5M - Series AInnovu (2014, Pittsburgh, $14.3M)

$250k - Series AInnovu (2014, Pittsburgh, $14.3M)

$8.3M - Series AArtemis Health (2013, New York City,

$32.7M)

$33.7M - Series EWelltok (2009, Denver, $258M)

$3.8M - Series ASpringbuk (2014, Indianapolis, $3.9M)

$3.4M - Series AHealthcare Interactive (2006,

Glenwood, $11.4M)

$6.9M - Series AInnovu (2014, Pittsburgh, $14.3M)

Dec 2017Tea Leaves Health CEO discusses being acquired by Welltok and his predictions for 2018, MedCity News

Dec 2017Big Data Sniffs Out Consumers at Risk for Getting the Flu, PR Newswire

Oct 2017Healthcare Technology Startup WellTok Raises $73 Million, NewsCenter

Sep 2017Edukate and DHS Group Take Innovative Step in the Wellness Space with Integration Partnership, Marketwired

Aug 2017Artemis Health Secures $16 Million Series B Round to Equip Employers with Actionable Employment Benefits Data, VCA Online

Aug 2017Lyra Health, Welkin Health Partner to Develop Personalized Care for Behavioral Health Needs, HIT Consultant

May 2017 Artemis Health Raises $8.3m in Series A Funding, FinSMEs

Jan 2017Welltok expands partnership with IBM Watson Health and more digital health deals, MobiHealthNews

Oct 2016Welltok raises significant capital, looks to expand into new markets, The Business Journals

May 2016Health Analytics Startup Springbuk Lands $3.75M Venture Round, Xconomy

May 2016Advanced Health Planning Company, Healthcare Interactive, Raises $3.4 Million in Additional Funding, Healthcare Interactive

Nov 2013WellRight Corporate Wellness Software Receives Funding, InsuranceNewsNet

News

0

2

4

6

8

10

$0k

$20M

$40M

$60M

$80M

$100M

$120M

$140M

$160M

2014 2015 2016 2017 2018

YoY Funding Rounds

-

1

9

16

29

M&A/IPO

Series C+

Series A+

Funded

CompaniesCovered

Funding Funnel

Population Health Management > Employee Health: Market Factsheet

Market: Employee Health

62

Exits

Most Active Investors

Recent Investments

YoY Funding and Rounds

Companies that provide solutions which aggregate clinical employee data to identify and stratify high-risk patients among them and also provide platforms to improve their well-being

Welltok(2009, Denver, $258M)

Lyra Health(2015, Burlingame, $38.1M)

Artemis Health(2013, New York City, $32.7M)

Healthentic(2008, Seattle, $20M)

Innovu(2014, Pittsburgh, $14.3M)

Top Companies

#1 Top Markets of Investment Activity

Healthcare Analytics > Market Details > Market: Employee Health

Companies Created 29 | Funded 16 | Total Funding $389M

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Population Health Management > Employee Health: Top Companies

Market: Employee HealthHealthcare Analytics > Market Details > Market: Employee Health

#1 Top Markets of Investment Activity

Analyst’s Pick

Welltok (2009, Denver, $258M)Platform which allows payers and employers to link incentives with improvement in health parameters and provides personalized health recommendations to consumersSoonicorn. Stage: Series F

New Enterprise Associates, Bessemer Venture Partners, Georgian Partners and 16 Other Investors

Lyra Health (2015, Burlingame, $38.1M)Behavioral health management solution for healthcare organizationsEditor's Pick. Stage: Series B

Greylock Partners, Venrock, Breyer Capital and 2 Other Investors

Artemis Health (2013, New York City, $32.7M)Population health analytics for employersMinicorn. Stage: Series B

FPrime Capital Partners, Maverick Ventures, Kickstart Seed Fund and 5 Other Investors

Innovu (2014, Pittsburgh, $14.3M)Innovu helps employers make informed decisions regarding their benefits plansMinicorn. Stage: Series A

Analyst’s Pick

WellRight (2013, Chicago, $4.6M)Population health management solutions for employersMinicorn. Stage: Series A

BW Capital Partners, KDWC Ventures

Springbuk (2014, Indianapolis, $3.9M)Providing analytics for a better ROI in population health. Minicorn. Stage: Series A

Lewis & Clark Ventures, Elevate Ventures

Fedo (2015, Bangalore)AI to predict risks for lifestyle diseasesEditor's Pick. Stage: Unfunded

Niles Health (2015, Palo Alto)Wellness and prevention management platform for employersEditor's Pick. Stage: Unfunded

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Note: Overall Rating is a combination of Funding and Team rating, along with Execution, Size and Growth metrics

64

Population Health Management > Employee Health: Leaderboard

Market: Employee HealthHealthcare Analytics > Market Details > Market: Employee Health

#1 Top Markets of Investment Activity

Better than Market Average

Overall Rating

Company Name

Founded Year

Location Stage Funding Team

Execution Quality Size Metrics 6M Growth Metrics

App Rating

App UX

Web UX

NewsWeb

Traffic Rank

Social Follow

ing

Mobile Downloads

# App Revie

ws

Web Traffic Rank

Mobile Downloads

Social Following

Δ % Δ % Δ %

5.0 Welltok 2009 Denver Series F $258M - 3 2 5 18 628k 2.6k 3k 4 -176k -22% - - 101 4%

4.8 WellRight 2013 Chicago Series A $5M - 3 - - 2 772k 1.1k 3k 19 82k 12% 3 30% -4 -

4.6Healthcare Interactive

2006 Glenwood Series A $11M - 4 - - 2 8.1M - 1k 8 -7.8M -47% 2 21% - -

4.5 Fedo 2015 Bangalore Unfunded - 5 4 - 3 - 10M 18 300 24 - - - - - -

4.3 Artemis Health 2013New York City

Series B $33M - - - - 2 2.3M 174 - - -421k -16% - - 35 23%

4.1 Lyra Health 2015 Burlingame Series B $38M - - - - 1 770k 617 - - -700k -48% - - 46 8%

3.9 Healthentic 2008 Seattle Series A $20M - - - - 1 10M 599 - - 12M 220% - - -8 -1%

3.8BridgecrestMedical

2013San Francisco

Seed $30K - - - - - 10M 133 - - 15M 180% - - 3 2%

3.6 Springbuk 2014Indianapolis

Series A $4M - - - - 1 606k 437 - - -124k -17% - - - -

3.4 Soma Analytics 2011 London Seed - - - - - - 3.2M 755 - - -1.6M -31% - - 75 11%

3.2Dynamic Health Strategies

1997 Houston Unfunded - - - - - 2 3.5M 748 - - - - - - 114 18%

3.0Healthiest Employers

2009 Fishers Seed $2M - - - - 1 6.9M - - - 2M 27% - - - -

2.9Health Data Intelligence

2014 Arlington Acquired $150K - - - - - 10M 233 - - - - - - -7 -3%

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Incubators

Seed Rock Health (#3), Y Combinator (#2)

Series A/B Flare Capital Partners (#2), Bain Capital Ventures (#1)

Series C+BlueCross BlueShield Venture Partners (#1), Sandbox Industries (#1)

Predilytics May - 2015Acq by Welltok

Humedica Jan - 2013Acq by Optum

MedVentive Sep - 2012Acq by McKesson

$20.5M - Series CPrognos (2010, New York City, $42M)

$250k - SeedHiLabs (2014, Olney, $250k)

$3M - Series BLumiata (2013, San Mateo, $23M)

$720k - SeedCareJourney (2014, Arlington, $2.7M)

$4.2M - Series ACloudMedx (2014, New York City,

$10.6M)

$3.7M - Series BIllumiCare (2014, Birmingham, $3.7M)

$1.5M - Series ALife2 (2011, Atlanta, $1.5M)

$500k - Series AHealthReveal (2015, New York City,

$11.3M)

$10.8M - Series AHealthReveal (2015, New York City,

$11.3M)

Dec 2017Deerwalk Incorporated Reorganizes Senior Management, Business Wire

Dec 2017Philips acquires VitalHealth to boost population health management strategy , MedCity News

Dec 2017Frost & Sullivan Recognizes Caradigm as a Product Leader for its Value-based Care Management IT Solutions, PR Newswire

Dec 2017New York eHealth Collaborative Selects HealthEC to Provide MIPS Reporting through its Qualified Clinical Data Registry Services, GlobeNewswire

Dec 2017Philips expands its Population Health Management business with the acquisition of VitalHealth, 4-Traders

Nov 2017 AI Software Startup Lumiata Raises $3 Million, NewsCenter

Nov 2017Predictive Care Startup Intensix Harnesses AI to Help Intensive Care Units Run Better, calcalistech.com

Nov 2017Prognos Picks Up $20.5 Million for Disease-Prediction Technology, The Wall Street Journal

Nov 2017DSS, Inc. Partners with Jvion, Inc. to Improve Health Outcomes for Veterans Through Cutting-Edge Innovation, PRWeb

Nov 2017MediKeeper Achieves HITRUST CSF Certification for Enhanced Security and Compliance, HITECH news articles

Oct 2017Medecision Launches 10 New Apps to Modernize Care Management Programs, HIT Consultant

Oct 2017 Rochester-based EagleDream Health Acquired, UVC

News

0

2

4

6

8

10

12

14

16

$0k

$10M

$20M

$30M

$40M

$50M

$60M

$70M

2014 2015 2016 2017 2018

YoY Funding Rounds

1

10

39

61

104

M&A/IPO

Series C+

Series A+

Funded

CompaniesCovered

Funding Funnel

Population Health Management > Patient Health: Market Factsheet

Market: Patient Health

65

ExitsMost Active Investors

Recent Investments

YoY Funding and Rounds

Companies that provide solutions which aggregate clinical and financial patient data to identify and stratify high-risk patients and also provide intervention plans

Humedica(2008, Boston, $63M)

Prognos(2010, New York City, $42M)

MedVentive(1997, Waltham, $33.6M)

Enli Health Intelligence(2002, Beaverton, $32.4M)

Lumiata(2013, San Mateo, $23M)

Top Companies

#2 Top Markets of Investment Activity

Healthcare Analytics > Market Details > Market: Patient Health

Companies Created 104 | Funded 61 | Total Funding $497M

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Population Health Management > Patient Health: Top Companies

Market: Patient HealthHealthcare Analytics > Market Details > Market: Patient Health

#2 Top Markets of Investment Activity

Analyst’s Pick

Lumiata (2013, San Mateo, $23M)Helping providers deliver optimized care using medical science-based graph analyticsMinicorn. Stage: Series B

Intel Capital, BlueCross BlueShield Venture Partners, Khosla Ventures and 3 Other Investors

ZeOmega (2001, Plano, $21.5M)Provider of software solutions for population healthcare management (PHM) serving payer and provider organizations. Minicorn. Stage: Funded

BlueCross BlueShield Venture Partners, Sandbox Industries, Bregal Sagemount

Jvion (2011, Suwanee, $8.9M)Deep Learning for Predicting illnessMinicorn. Stage: Series A

Eastside Partners, Martin Ventures

VitreosHealth (2009, Plano, $5M)Offers Insights-as-a-Service (IaaS) on population health managementMinicorn. Stage: Funded

Kinderhook Industries

Analyst’s Pick

CareSkore (2014, Chicago, $4.4M)Providing population management solution for hospitals, health systems and ACOs. Minicorn. Stage: Series A

Cota Capital, Storm Ventures, Rising Tide Fund and 2 Other Investors

Enlightiks (2012, Bangalore)Data analytics platform for actionable insightsEditor's Pick. Stage: Acquired

VitalHealth Software (2006, Minneapolis)Software solutions for actionable population health managementEditor's Pick. Stage: Acquired

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Note: Overall Rating is a combination of Funding and Team rating, along with Execution, Size and Growth metrics

67

Population Health Management > Patient Health: Leaderboard

Market: Patient HealthHealthcare Analytics > Market Details > Market: Patient Health

#2 Top Markets of Investment Activity

Better than Market Average

Overall Rating

Company Name

Founded Year

Location Stage Funding Team

Execution Quality Size Metrics 6M Growth Metrics

App Rating

App UX

Web UX

NewsWeb

Traffic Rank

Social Follow

ing

Mobile Downloads

# App Revie

ws

Web Traffic Rank

Mobile Downloads

Social Following

Δ % Δ % Δ %

5.0VitalHealthSoftware

2006Minneapolis

Acquired - - 4 3 4 3 2.3M 1.4k 2k 7 - - 2 23% 42 3%

5.0 HealthEC 1997 Piscataway Seed $150K - 4 - - 5 636k 896 768 21 -1.2M -64% 1 5% 20 2%

4.9 Deerwalk 2009 Lexington Unfunded - - 4 - - 1 239k 406 9k 60 -355k -60% 6 14% 19 5%

4.9 Medecision 1988 Wayne Public $30M - 3 - - 6 474k 3.1k 75 1 100k 26% - - 10 -

4.8 Prognos 2010New York City

Series C $42M - 4 - - 2 1.8M 509 1.1M 8.2k - - - - 81 18%

4.8 Valera Health 2015New York City

Unfunded - - 4 - - 2 5.9M 261 307 4 129k 2% 5-

586%31 13%

4.7US HealthCenter

2009 Thiensville Seed $150K - 5 - 3 - 10M - 75 1 - - - - - -

4.7 The Garage 2012 Orlando Unfunded - - - - 4 - 10M 466 30 - 12M 211% - - 17 4%

4.6 Lumiata 2013 San Mateo Series B $23M - - - - 3 3.2M 887 - - 2M 142% - - 26 3%

4.6Transcend Insights

2000 Campbell Acquired $7M - - - - 2 4.3M 602 - - 3M 140% - - 11 2%

4.5 ZeOmega 2001 Plano Funded $22M - - - - 3 526k 530 - - 63k 13% - - 26 5%

4.5 Health Dialog 1997 Boston Acquired $14M - - - - 1 3.2M 1.5k - - -1.4M -30% - - 20 1%

4.4Forward Health Group

2009 Madison Series A $10M - - - - 1 10M 2.6k - - 9M 250% - - 53 2%

4.4 HealthReveal 2015New York City

Series A $11M - - - - 3 5.6M 198 - - 2M 55% - - 43 26%

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Incubators 500 Startups (#1)

Seed Start Smart Labs (#1), BDC Capital (#1)

Series A/B GE Ventures (#2), WestBridge Capital Partners (#1)

Series C+ Orbimed (#1)

Avalere Health Aug - 2015Acq by Inovalon for $140M

Quture IPO'd

$5M - Series ACogitativo (2014, Berkeley, $12M)

$42.6M - Series BBlue Health Intelligence (2010,

Chicago, $70.6M)

$10M - Series BPHEMI Health Systems (2013,

Vancouver, $25M)

$10M - Series BEvidation (2014, Menlo Park, $31.2M)

$10M - Series BHealthVerity (2014, Philadelphia,

$17.1M)

SeedQorQl (2015, Noida)

SeedTHB (2015, Gurgaon)

$3.5M - Series BEvidation (2014, Menlo Park, $31.2M)

$15.6M - Series AInnovaccer (2012, Noida, $18.4M)

$11.5M - Series BEvidation (2014, Menlo Park, $31.2M)

Nov 2017Royal Philips : Philips expands its Radiology Solutions portfolio with the acquisition of Analytical Informatics, Inc., 4-Traders

Nov 2017StratiFi Health Taps Innovaccer to Advance Population Health Initiatives, HIT Consultant

Nov 2017 Paytm invested health tech platform QorQl, LetUsDiscuss

Nov 2017Innovaccer Announces the Launch of Datashop Beacon - a Product Offering Over 10 Million Data Points for Care Research, PR Newswire

Oct 2017Vancouver-Based Big Data Solutions Company PHEMI Appoints New CEO to Focus on Growth, bctechnology.com

Oct 2017Trilliant Health Brings Expression Health Analytics into the Fold, Business Wire

Sep 2017

Claimsfiler Reminds Investors With Losses In Excess Of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against The Advisory Board Company - (ABCO), GlobeNewswire

Aug 2017Advisory Board Company To Sell Health Care, Education Businesses, RTTNews

Aug 2017Decision Resources Group Acquires Context Matters, Citybizlist

Aug 2017Sanofi and Evidation Health to work together to understand, treat disease, MobiHealthNews

Jul 2017Quture Announces Kim Halvorson Chief Operating Officer, NewMediaWire

Jul 2017BerryDunn merges with Compass to boost health care practice, Mainebiz

News

0

2

4

6

8

10

$0k

$20M

$40M

$60M

$80M

$100M

2014 2015 2016 2017 2018

YoY Funding Rounds

3

4

15

27

86

M&A/IPO

Series C+

Series A+

Funded

CompaniesCovered

Funding Funnel

Operational Analytics > Business Intelligence: Market Factsheet

Market: Business Intelligence

68

Exits

Most Active Investors

Recent Investments

YoY Funding and Rounds

Companies which provide solutions that convert big data from multiple data sources into intelligence to provide actionable insights

Blue Health Intelligence(2010, Chicago, $70.6M)

Evidation(2014, Menlo Park, $31.2M)

PHEMI Health Systems(2013, Vancouver, $25M)

Apervita(2011, Chicago, $19.4M)

Sikka Software(2004, Milpitas, $18.8M)

Top Companies

#3 Top Markets of Investment Activity

Healthcare Analytics > Market Details > Market: Business Intelligence

Companies Created 86 | Funded 27 | Total Funding $232M

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Operational Analytics > Business Intelligence: Top Companies

Market: Business IntelligenceHealthcare Analytics > Market Details > Market: Business Intelligence

#3 Top Markets of Investment Activity

Analyst’s Pick

Blue Health Intelligence (2010, Chicago, $70.6M)Provides predictive analytics to improve patient careSoonicorn. Stage: Series B

Evidation (2014, Menlo Park, $31.2M)Uses data analytics to evaluate digital health technologiesMinicorn. Stage: Series B

Sanofi Genzyme BioVentures, GE Ventures, B Capital Group and 4 Other Investors

Sikka Software (2004, Milpitas, $18.8M)Platform that offers apps and data integration for retail healthcare (non-hospitals, non -physicians) Editor's Pick. Stage: Series C

ATA Ventures, Sierra Ventures, Orbimed

Innovaccer (2012, Noida, $18.4M)Provide a platform which uses big data analytics on the data collected from multiple sources to provide clinicians with insightsMinicorn. Stage: Series A

WestBridge Capital Partners, Raymie Stata, Herb Madan and 10 Other Investors

Analyst’s Pick

HealthVerity (2014, Philadelphia, $17.1M)Patient Engagement solutions with location based analyicsMinicorn. Stage: Series B

Flare Capital Partners, Greycroft Partners, Foresite Capital

Cogitativo (2014, Berkeley, $12M)Data Science-as-a-Service platform fro HCOsMinicorn. Stage: Series A

Marble Bridge

Advisory (1979, Washington D.C.)Provides an analytics platform and consulting services for business intelligenceEditor's Pick. Stage: Public

Decision Resources Group (1995, Burlington)Provides a business intelligence platform and also consulting servciesEditor's Pick. Stage: Acquired

Providence Equity Partners, Piramal Group

Analyst’s Pick

QorQl (2015, Noida)Doctor appointment booking platform with integrated EHR and practice managementEditor's Pick. Stage: Seed

Paytm

THB (2015, Gurgaon)Analytics and clinical decision support platform for healthcare. Editor's Pick. Stage: Seed

Currae Healthtech Fund

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Note: Overall Rating is a combination of Funding and Team rating, along with Execution, Size and Growth metrics

70

Operational Analytics > Business Intelligence: Leaderboard

Market: Business IntelligenceHealthcare Analytics > Market Details > Market: Business Intelligence

#3 Top Markets of Investment Activity

Better than Market Average

Overall Rating

Company Name

Founded Year

Location Stage Funding Team

Execution Quality Size Metrics 6M Growth Metrics

App Rating

App UX

Web UX

NewsWeb

Traffic Rank

Social Follow

ing

Mobile Downloads

# App Revie

ws

Web Traffic Rank

Mobile Downloads

Social Following

Δ % Δ % Δ %

5.0 THB 2015 Gurgaon Seed - - 5 - 4 1 10M 1 375 107 5M 68% 1 10% -1 -59%

4.9 Sikka Software 2004 Milpitas Series C $19M - 5 - - 2 657k - 4k 32 -167k -20% 2 5% - -

4.9 Innovaccer 2012 Noida Series A $18M - 4 - - 21 598k 877 2k 81 -68k -10% - - 139 18%

4.8 QorQl 2015 Noida Seed - 5 4 - - 2 4.7M - 4k 22 3M 101% 6 34% - -

4.8 Ekinwise 2015 Mumbai Unfunded - - 5 - - - 10M 1 600 31 - - 3 9% - -

4.7Decision Resources Group

1995 Burlington Acquired - - 5 - - 5 342k - - 8 28k 9% - - - -

4.6 Evidation 2014 Menlo Park Series B $31M - - - - 5 786k 1.4k - - -174k -18% - - 256 23%

4.6 Apervita 2011 Chicago Series A $19M - - - - 2 3.9M 769 - - 311k 9% - - 17 2%

4.5 HealthVerity 2014Philadelphia

Series B $17M - - - - 2 3.4M 169 - - 2M 104% - - 29 20%

4.5 Stratasan 2010 Nashville Seed $1M - - - - - 660k 711 - - -279k -30% - - 26 4%

4.4Health Care Dataworks

2008 Columbus Acquired $5M - - - - - 2.8M 267 - - - - - - 1 -

4.3 KomodoHealth 2014San Francisco

Seed $1M - - - - - 1.6M 103 - - -310k -17% - - 30 36%

4.3Definitive Healthcare

2008 Natick Series A - - - - - 4 317k 2.3k - - -110k -26% - - 120 6%

4.2Blue Health Intelligence

2010 Chicago Series B $71M - - - - 3 4.8M 11 - - 564k 12% - - - -

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Market: Chronic care

71

#4 Top Markets of Investment Activity

Healthcare Analytics > Market Details > Market: Chronic care

Companies Created 23 | Funded 15 | Total Funding $195M

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Market: Chronic careHealthcare Analytics > Market Details > Market: Chronic care

#4 Top Markets of Investment Activity

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Market: Chronic careHealthcare Analytics > Market Details > Market: Chronic care

#4 Top Markets of Investment Activity

Better than Market Average

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Market: Risk Adjustment

74

#5 Top Markets of Investment Activity

Healthcare Analytics > Market Details > Market: Risk Adjustment

Companies Created 21 | Funded 17 | Total Funding $172M

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Market: Risk AdjustmentHealthcare Analytics > Market Details > Market: Risk Adjustment

#5 Top Markets of Investment Activity

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Market: Risk AdjustmentHealthcare Analytics > Market Details > Market: Risk Adjustment

#5 Top Markets of Investment Activity

Better than Market Average

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Market: Medication Adherence

77

#6 Top Markets of Investment Activity

Healthcare Analytics > Market Details > Market: Medication Adherence

Companies Created 14 | Funded 10 | Total Funding $439M

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Market: Medication AdherenceHealthcare Analytics > Market Details > Market: Medication Adherence

#6 Top Markets of Investment Activity

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Market: Medication AdherenceHealthcare Analytics > Market Details > Market: Medication Adherence

#6 Top Markets of Investment Activity

Better than Market Average

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Market: Aggregated

80

#7 Top Markets of Investment Activity

Healthcare Analytics > Market Details > Market: Aggregated

Companies Created 28 | Funded 13 | Total Funding $41.9M

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Market: AggregatedHealthcare Analytics > Market Details > Market: Aggregated

#7 Top Markets of Investment Activity

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Market: AggregatedHealthcare Analytics > Market Details > Market: Aggregated

#7 Top Markets of Investment Activity

Better than Market Average

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Market: Risk Profile

83

#8 Top Markets of Investment Activity

Healthcare Analytics > Market Details > Market: Risk Profile

Companies Created 16 | Funded 8 | Total Funding $50.1M

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Market: Risk ProfileHealthcare Analytics > Market Details > Market: Risk Profile

#8 Top Markets of Investment Activity

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Market: Risk ProfileHealthcare Analytics > Market Details > Market: Risk Profile

#8 Top Markets of Investment Activity

Better than Market Average

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Market: Value Based Care

86

#9 Top Markets of Investment Activity

Healthcare Analytics > Market Details > Market: Value Based Care

Companies Created 22 | Funded 16 | Total Funding $619M

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Market: Value Based CareHealthcare Analytics > Market Details > Market: Value Based Care

#9 Top Markets of Investment Activity

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Market: Value Based CareHealthcare Analytics > Market Details > Market: Value Based Care

#9 Top Markets of Investment Activity

Better than Market Average

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Market: Diagnostics

89

#10 Top Markets of Investment Activity

Healthcare Analytics > Market Details > Market: Diagnostics

Companies Created 22 | Funded 15 | Total Funding $54.3M

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Market: DiagnosticsHealthcare Analytics > Market Details > Market: Diagnostics

#10 Top Markets of Investment Activity

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Market: DiagnosticsHealthcare Analytics > Market Details > Market: Diagnostics

#10 Top Markets of Investment Activity

Better than Market Average

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Market: Patient Flow

92

#11 Top Markets of Investment Activity

Healthcare Analytics > Market Details > Market: Patient Flow

Companies Created 16 | Funded 9 | Total Funding $80.4M

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Market: Patient FlowHealthcare Analytics > Market Details > Market: Patient Flow

#11 Top Markets of Investment Activity

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Market: Patient FlowHealthcare Analytics > Market Details > Market: Patient Flow

#11 Top Markets of Investment Activity

Better than Market Average

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Market: Consumer Engagement

95

#12 Top Markets of Investment Activity

Healthcare Analytics > Market Details > Market: Consumer Engagement

Companies Created 15 | Funded 10 | Total Funding $114M

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Market: Consumer EngagementHealthcare Analytics > Market Details > Market: Consumer Engagement

#12 Top Markets of Investment Activity

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Market: Consumer EngagementHealthcare Analytics > Market Details > Market: Consumer Engagement

#12 Top Markets of Investment Activity

Better than Market Average

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Market: Resource Utilization

98

#13 Top Markets of Investment Activity

Healthcare Analytics > Market Details > Market: Resource Utilization

Companies Created 17 | Funded 10 | Total Funding $38.9M

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Market: Resource UtilizationHealthcare Analytics > Market Details > Market: Resource Utilization

#13 Top Markets of Investment Activity

Better than Market Average

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Market: Prognosis

100

#14 Top Markets of Investment Activity

Healthcare Analytics > Market Details > Market: Prognosis

Companies Created 17 | Funded 11 | Total Funding $33.2M

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Market: PrognosisHealthcare Analytics > Market Details > Market: Prognosis

#14 Top Markets of Investment Activity

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Market: PrognosisHealthcare Analytics > Market Details > Market: Prognosis

#14 Top Markets of Investment Activity

Better than Market Average

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Market: Generic

103

#15 Top Markets of Investment Activity

Healthcare Analytics > Market Details > Market: Generic

Companies Created 16 | Funded 10 | Total Funding $75.8M

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Market: GenericHealthcare Analytics > Market Details > Market: Generic

#15 Top Markets of Investment Activity

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Market: GenericHealthcare Analytics > Market Details > Market: Generic

#15 Top Markets of Investment Activity

Better than Market Average

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Market: Patient Feedback

106

#16 Top Markets of Investment Activity

Healthcare Analytics > Market Details > Market: Patient Feedback

Companies Created 15 | Funded 6 | Total Funding $50.3M

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Market: Patient FeedbackHealthcare Analytics > Market Details > Market: Patient Feedback

#16 Top Markets of Investment Activity

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Market: Patient FeedbackHealthcare Analytics > Market Details > Market: Patient Feedback

#16 Top Markets of Investment Activity

Better than Market Average

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Market: Benchmarking

109

#17 Top Markets of Investment Activity

Healthcare Analytics > Market Details > Market: Benchmarking

Companies Created 16 | Funded 9 | Total Funding $49.9M

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Market: BenchmarkingHealthcare Analytics > Market Details > Market: Benchmarking

#17 Top Markets of Investment Activity

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Market: BenchmarkingHealthcare Analytics > Market Details > Market: Benchmarking

#17 Top Markets of Investment Activity

Better than Market Average

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Market: Materials Management

112

#18 Top Markets of Investment Activity

Healthcare Analytics > Market Details > Market: Materials Management

Companies Created 15 | Funded 9 | Total Funding $101M

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Market: Materials ManagementHealthcare Analytics > Market Details > Market: Materials Management

#18 Top Markets of Investment Activity

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Market: Materials ManagementHealthcare Analytics > Market Details > Market: Materials Management

#18 Top Markets of Investment Activity

Better than Market Average

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Market: Dosage

115

#19 Top Markets of Investment Activity

Healthcare Analytics > Market Details > Market: Dosage

Companies Created 11 | Funded 3 | Total Funding $13.4M

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Market: DosageHealthcare Analytics > Market Details > Market: Dosage

#19 Top Markets of Investment Activity

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Market: DosageHealthcare Analytics > Market Details > Market: Dosage

#19 Top Markets of Investment Activity

Better than Market Average

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Market: Episode-Based Payments

118

#1 Top Markets of Early Stage Investors

Healthcare Analytics > Market Details > Market: Episode-Based Payments

Companies Created 7 | Funded 3 | Total Funding $136M

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Market: Episode-Based PaymentsHealthcare Analytics > Market Details > Market: Episode-Based Payments

#1 Top Markets of Early Stage Investors

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Market: Episode-Based PaymentsHealthcare Analytics > Market Details > Market: Episode-Based Payments

#1 Top Markets of Early Stage Investors

Better than Market Average

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Public Companies

Contents

Feed Summary

Investment Trend

Market Details

Exit Outlook

Investors

News

Appendix

121

Notable Acquisitions

Top Acquirers

Acqui-hires

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Recently IPO’d Companies (1/3)

123

Performance indicators of recently public companies in Healthcare Analytics

IPO Date CompanyCurrent

MCapIPO

McapRevenue P/E

ExchangeTicker

Jul 2017

Mynd Analytics (1999, Aliso Viejo)

MYnd Analytics, formerly CNS Response is a neuroscience company focused on improving the quality of treatment for patients with brain disorders, by providing objective information to prescribers.

$13.3M $22.1M $85.1k NASDAQ:MYND

Sep 2016Tabula Rasa Healthcare (2013, Moorestown)

Data driven care optimization solutions for healthcare organizations$547M $94.1M NASDAQ:TRHC

Jun 2016NantHealth (2007, Culver City)

Integrative bioinformatics platform to find individualized treatment for cancer and other diseases

$336M $1.7B $100M NASDAQ:NH

May 2016Cotiviti Healthcare (1979, Atlanta)

Analytics-driven payment accuracy solutions for healthcare payers$3B $1.7B $625M 33.18 NYSE:COTV

Apr 2016Volpara Solutions (2009, Wellington)

Quantitative breast imaging tools to assess breast density$51.4M $24.4M $1.6M ASX:VHT

Jun 2015Evolent Health (2011, Arlington)

Provides clinical and operational technology solutions to healthcare organizations

$990M $675M $254M NYSE:EVH

Feb 2015Inovalon (1998, Bowie)

Cloud-based data analytics platform that helps improve clinical, quality and payment integrity outcomes

$2.2B $3.9B $428M 121.7 NASDAQ:INOV

Oct 2013IXICO (2013, London)

provides clinical trial services, and developer of medical image management and analysis

$187k $15.8M $4M LON:IXI

Healthcare Analytics > Exit Outlook > Recently IPO’d Companies

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Recently IPO’d Companies (2/3)

124

Performance indicators of recently public companies in Healthcare Analytics

IPO Date CompanyCurrent

MCapIPO

McapRevenue P/E

ExchangeTicker

Oct 2013Certive (2013, Phoenix)

Cloud-based claims audit and recovery solutions for healthcare providers in U.S

$2.8M $1.5M CBP

Jun 2011Alcidion Corporation (2000, Wayville)

Decision support system offering centralised data for clinical operations at hospitals

$13.7M $10M $3.8k ASX:ALC

Feb 2011Epocrates (1998, San Mateo)

Mobile & web based platform for clinical information and decision support for providers

$292M $357M $111M NASDAQ:EPOC

Oct 2010VeriTeQ (1995, Delray Beach)

Implantable RFID for in-vivo and in-vitro use$83.1k 0.01 VTEQ

Dec 2006Medecision (1988, Wayne)

Offers On-demand cloud based population health technology$149M $149M $44.8M NASDAQ:MEDE

Nov 2005VentriPoint (2005, Seattle)

Heart analysis system$12.8M $1.1M $155k CVE:VPT

Dec 2003Feedback (1958, Cambridge)

Software solutions and workflows for medical image analysis$34.9k $631k LON:FDBK

Aug 2001Omnicell (1992, Mountain View)

Automated materials management & business analytics solutions for healthcare organizations

$1.9B $145M $693M NASDAQ:OMCL

Healthcare Analytics > Exit Outlook > Recently IPO’d Companies

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Recently IPO’d Companies (3/3)

125

Performance indicators of recently public companies in Healthcare Analytics

IPO Date CompanyCurrent

MCapIPO

McapRevenue P/E

ExchangeTicker

Jun 2001Open Source Health (2001, Toronto)

Online platform for women health assistance to deliver precision medicine.

$375k $375k CNSX:OSH

BSP Cardiology (2000, Tel Aviv)

Diagnostic high frequency ECG devices and analytics for Ischemic heart disease

Quture (1972, Daytona Beach)

Clinical performance and outcomes analytics company

Advisory (1979, Washington D.C.)

Provides an analytics platform and consulting services for business intelligence

Streamline Health (1989, Atlanta)

SaaS-based analytic solutions to improve clinical, financial and operational outcomes

Healthcare Analytics > Exit Outlook > Recently IPO’d Companies

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Notable Acquisitions (1/5)

126

Notable Acquisitions in Healthcare Analytics

Healthcare Analytics > Exit Outlook > Notable Acquisitions

2017

Acquirer: RocheViewics (2009, Sunnyvale, $22M)Providing BI and analytics solutions to enhance operational, financial and clinical outcomes.

Acquirer: Navicure Deal: $750MZirMed (1999, Louisville)Innovating Connected Healthcare

Acquirer: Siemens HealthineersMedicalis (1999, Ontario, $25.4M)Workflow and decision support tools for imaging services

Acquirer: HMS Deal: $170MEliza Corp (1998, Danvers, $106M)Predictive analytics driven platform for health engagement

Acquirer: Envision Healthcare HoldingsImaging Advantage (2007, Santa Monica, $295M)Evidence based CDS tools for radiology

2016

Acquirer: GreatCallHealthsense (2001, Mendota, $39.4M)Remote monitoring, emergency call, and wellness management solutions

Acquirer: Evolent Health Deal: $219MValence Health (1996, Chicago, $45M)Provider of clinical integration and health plan services.

Acquirer: Myriad Genetics Deal: $225MAssurex Health (2006, Mason, $84.5M)Personalized neuropsychiatric medicine.

Acquirer: HearstMedHOK (2009, Tampa, $77.5M)SaaS platform for care, quality and compliance

Acquirer: IBM Deal: $2.6BTruven Health (2012, Ann Arbor)Delivers analytic tools, benchmarks and services

2016

Acquirer: VizientMedAssets (1999, Alpharetta, $21.7M)Analytical solutions for cost reduction, financial optimization, clinical delivery alignment and efficiency

Acquirer: iCADVuCOMP (2001, Plano, $22M)Imaging and analysis tools to detect breast cancer

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Notable Acquisitions (2/5)

127

Notable Acquisitions in Healthcare Analytics

Healthcare Analytics > Exit Outlook > Notable Acquisitions

2015

Acquirer: The Chartis GroupiVantage Health (2011, Portland, $24.2M)Benchmarking and planning services to HCOs

Acquirer: Omnicell Deal: $275MAesynt (2013, Cranberry Township)Provides pharmacy automation and information management solutions for hospitals and health systems.

Acquirer: Thoma BravoMedeAnalytics (1994, Emeryville, $57M)Healthcare performance analytics company offering BI to providers

Acquirer: Inovalon Deal: $140MAvalere Health (2000, Washington D.C.)Focuses on solving analytic and strategic problems for healthcare companies

Acquirer: Emdeon Deal: $910MAltegra Health (1990, Miami)Cloud-based risk adjustment and quality analytics platform

2015

Acquirer: Premier Deal: $400MCECity (1996, Homestead)Offers Pay for Performance analytics

Acquirer: Harris ComputerPicis Clinical Solutions (1994, Wakefield, $34M)Clinical documentation, financial and operational solutions for healthcare providers

Acquirer: WelltokPredilytics (2011, Burlington, $20.5M)Predilytics provides analytic solutions to health plans, providers, and other risk-bearing entities to improve population health.

Acquirer: IBMPhytel (1997, Dallas, $40.4M)Platform for physician-led population health improvement

2015

Acquirer: LexisNexisHealth Market Science (1999, King Of Prussia, $51.9M)Enables healthcare organizations to improve operational efficency

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Notable Acquisitions (3/5)

128

Notable Acquisitions in Healthcare Analytics

Healthcare Analytics > Exit Outlook > Notable Acquisitions

2014

Acquirer: Emdeon Deal: $135MChange Healthcare (2007, Tennessee, $36.6M)Healthcare cost transparency and consumer engagement solutions

Acquirer: Google Deal: $500MDeepMind (2011, London, $50M)Deep learning AI

2013

Acquirer: OptumHumedica (2008, Boston, $63M)Clinical intelligence platform for population-wide analytics

2012

Acquirer: Ferrer Freeman CompanyArcadia Healthcare Solutions (2002, Burlington, $43M)Analytics platform for improving care quality and reducing costs.

Acquirer: McKessonMedVentive (1997, Waltham, $33.6M)SaaS based population and risk management tools

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Notable Acquisitions (4/5)

129

Notable Acquisitions in Healthcare Analytics

Healthcare Analytics > Exit Outlook > Notable Acquisitions

2011

Acquirer: HMS Deal: $400MHealthDataInsights (1985, Las Vegas, $13.2M)Technology driven Fraud, Waste & Abuse solutions for Healthcare

Acquirer: The Blackstone GroupDeal: $3.0B

Emdeon (1986, Nashville)Provides revenue and payment cycle management solutions

Acquirer: Symphony Technology GroupImpactRx (2000, Mount Laurel, $28M)Consultative and analytics-based promotional effectiveness solutions to the healthcare industry

2010

Acquirer: Providence Equity PartnersDeal: $294M

vRad (2001, Eden Prairie)Provides radiology informatics solutions and teleradiology services

2009

Acquirer: MergeConfirma (1998, Bellevue, $20.5M)Computer-aided diagnostic solutions for MRI

Page 130: Tracxn - Healthcare Analytics Startup Landscape

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Notable Acquisitions (5/5)

130

Notable Acquisitions in Healthcare Analytics

Healthcare Analytics > Exit Outlook > Notable Acquisitions

Before 2008

Acquirer: Norkom TechnologiesDeal: $37M

Digital Harbor (1997, Vienna, $21M)Provides Compliance and Intelligent Risk Management Solutions

Page 131: Tracxn - Healthcare Analytics Startup Landscape

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Most Active Acquirers

131

Healthcare Analytics > Exit Outlook > Most Active Acquirers

Page 132: Tracxn - Healthcare Analytics Startup Landscape

Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Healthcare Analytics - Jan 2018

Date Target

Apr-16eHealth Data Solutions Acq by ABILITY Network

Apr-16GeneInsight Acq by Sunquest Information Systems

Mar-16Comparion Medical Analytics Acq by Quantros

Feb-16 QPID Health Acq by eviCore

Feb-16 Hark Acq by DeepMind

Jan-16 CVInfosys Acq by SCIO Health Analytics

Jan-16Agilum Healthcare Acq by Sentry Data Systems

Jan-16RV Healthcare Analytics Acq by Rizk Ventures

Dec-15 OCS HomeCare Acq by ABILITY Network

Dec-15 RightCare Solutions Acq by NaviHealth

Dec-15 Vantage Point HIS Acq by Indegene

Nov-15 EXINI Diagnostics Acq by Progenics

Oct-15 Health Heritage Acq by NantHealth

Acqui-hires (1/2)

132

List of Acqui-hires in Healthcare Analytics

Excludes all details for Chinese companies

Date Target

Dec-17 VitalHealth Software Acq by Philips

Nov-17 Analytical Informatics Acq by Philips

Oct-17EagleDream Health Acq by NextGen Healthcare Information Systems

Oct-17 Intelligent Ultrasound Acq by Medaphor

Oct-17Expression health Acq by Trilliant Health

Aug-17 RemitDATA Acq by eSolutions

Jul-17Cayder Acq by Cambio Healthcare Systems

Jun-17 SigmaCare Acq by MatrixCare

Jun-17 CancerGene Connect Acq by Invitae

Jun-17 WhiteCloud Acq by Bertelsmann

Apr-17 Forecast Health Acq by Lumeris

Apr-17 ArroHealth Acq by CiOX Health

Apr-17 WPC Healthcare Acq by Intermedix

Mar-17WhiteSpace Health Acq by Omega Healthcare Management Services

Date Target

Jan-17 Health123 Acq by Samepage

Jan-17 CaretMD Acq by AssistRx

Jan-17 Predicata Acq by TRIOSE

Dec-16 Enlightiks Acq by Practo

Oct-16Health Data Intelligence Acq by Trendshift

Oct-16 RxAnte Acq by UPMC

Sep-16Envision Health Acq by Picis Clinical Solutions

Sep-16Precision Medicine Network Acq by Inspirata

Jul-16 Wellcentive Acq by Philips

Jul-16 HealthQx Acq by McKesson

Jun-16 Care At Hand Acq by Mindoula

Jun-16 Health Analytics Acq by Capita

Jun-16 Equation Acq by MedAssets-Precyse

May-16Lagniappe- RxLPS Acq by Transaction Data System

Healthcare Analytics > Exit Outlook > Acqui-hires

Page 133: Tracxn - Healthcare Analytics Startup Landscape

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Date Target

Sep-13 Enclarity Acq by LexisNexis

Aug-13Aptus Health Acq by Merck Global Health Innovation Fund

Mar-13 Appature Acq by IMS Health

Jan-13Intelimedix Acq by Blue Health Intelligence

Dec-12 Click4Care Acq by HealthEdge

Oct-12 Recombinant Data Acq by Deloitte

Aug-12Ascender Software Acq by Matrix Medical Network

May-12Decision Resources Group Acq by Piramal Pharma Solutions

May-12 Influence Health Acq by Silver Lake

May-12 TC3 Health Acq by Emdeon

Feb-12 SweetSpot Diabetes Acq by Dexcom

Feb-12 SeniorMetrix Acq by NaviHealth

Feb-12 Concerro Acq by API Healthcare

Dec-11 Healthagen Acq by Aetna

Acqui-hires (2/2)

133

List of Acqui-hires in Healthcare Analytics

Excludes all details for Chinese companies

Date Target

Sep-15 IHM Services Acq by Persivia

Sep-15 Capsule Acq by Qualcomm Life

Aug-15 Healthcare Insights Acq by Premier

Aug-15Tea Leaves Health Acq by Everyday Health

Jul-15Health Care Dataworks Acq by Health Catalyst

Jul-15 Ingenios Health Acq by Almost Family

Jul-15 ResApp Health Acq by Narhex

May-15 Alere Analytics Acq by Persivia

May-15 Dataline Software Acq by IMS Health

May-15Sentry Data Systems Acq by ABRY Partners

Apr-15 CliniCast Acq by Elekta

Apr-15 Explorys Acq by IBM

Apr-15 IF Technologies Acq by RemitDATA

Apr-15 Gennius Acq by Quality Systems

Date Target

Jan-15 Strata Decision Acq by Roper Tech

Jan-15 Logibec Acq by GI Partners

Jan-15Data Intelligence Acq by SCIO Health Analytics

Dec-14 Avantas Acq by AMN Healthcare

Nov-14Intralign Acq by Pamplona Capital Management

Nov-14Origin Healthcare Acq by Meridian Medical Management

Sep-14 MethodCare Acq by ZirMed

Sep-14 Rise Health Acq by Best Doctors

Aug-14Strategic Healthcare Programs (SHP) Acq by Roper Tech

Jul-14 Xifin Acq by GTCR

May-14 Intelligent Healthcare Acq by ZirMed

Apr-14 Health Dialog Acq by Rite Aid

Feb-14 Treo Solutions Acq by 3M

Jan-14 RazorInsights Acq by Athenahealth

Healthcare Analytics > Exit Outlook > Acqui-hires

View all 99 Acqui-hired companies on Tracxn Platform

Page 134: Tracxn - Healthcare Analytics Startup Landscape

Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Healthcare Analytics - Jan 2018

Contents

Feed Summary

Investment Trend

Market Details

Exit Outlook

Investors

News

Appendix

134

Details on VC & PE Investors

Details on Top Ecosystem Players

Page 136: Tracxn - Healthcare Analytics Startup Landscape

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Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)

Healthcare Analytics > Investors > Index of Most Active VC & PE Investors

Index of Top Investors (VC, PE) by Stage in Healthcare Analytics; Last 5 years (Jan 2013 - Dec 2017)

Index of Most Active VC & PE Investors

SEED STAGE

Y Combinator (7 Investments)

Rock Health (5 Investments)

Frost Data Capital (4 Investments)

AME Cloud Ventures (2 Investments)

Spectrum28 (2 Investments)

Elevate Ventures (2 Investments)

Parkwalk (2 Investments)

BioAdvance (2 Investments)

Analytics Ventures (2 Investments)

Center for Innovative Technology (2

Investments)

Social Capital

Flare Capital Partners

HLM Venture Partners

Venrock

Khosla Ventures

EARLY STAGE

GE Ventures (8 Investments)

Flare Capital Partners (5 Investments)

Norwest Venture Partners (4 Investments)

BlueCross BlueShield Venture Partners (4

Investments)

Merck Global Health Innovation Fund (3

Investments)

New Leaf Venture Partners (3 Investments)

Sandbox Industries (3 Investments)

Khosla Ventures (3 Investments)

Heritage Group (3 Investments)

Harbert Management (3 Investments)

Summation Health Ventures (3 Investments)

Martin Ventures (3 Investments)

Social Capital (2 Investments)

GV (2 Investments)

Kaiser Permanente Ventures (2 Investments)

LATE STAGE

HLM Venture Partners (3 Investments)

Warburg Pincus (2 Investments)

General Atlantic (2 Investments)

Bain Capital Ventures (2 Investments)

Merck Global Health Innovation Fund (2

Investments)

Georgian Partners (2 Investments)

Sands Capital Ventures (2 Investments)

Qualcomm Ventures (2 Investments)

Bregal Sagemount (2 Investments)

McKesson Ventures (2 Investments)

CRG

New Enterprise Associates

GTCR

GE Ventures

Casdin Capital

Page 137: Tracxn - Healthcare Analytics Startup Landscape

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Y Combinator

137

Portfolio in Healthcare Analytics | Exits | Funds Link | Website | LinkedIn | Twitter

Healthcare Analytics > Investors > Y Combinator

People

Investments

[Minicorn] CareSkore (2014, Chicago, $4.4M, Series A)Providing population management solution for hospitals, health systems and ACOs.

[Editor's Pick] Qventus (2011, Los Altos, $13.7M, Series A)AI based software to help optimize hospital operations

Healthcare Analytics Notable Portfolio

[Unicorn] Airbnb (2008, San Francisco, $3.4B, Series F)

Marketplace for vacation rental accommodations

[Unicorn] Instacart (2012, San Francisco, $675M, Series D)

Marketplace for same-day grocery delivery

[Unicorn] Dropbox (2007, San Francisco, $607M, Series C)

Cloud-based file sharing and synchronization software

[Unicorn] Zenefits (2013, San Francisco, $584M, Series C)

SaaS HR Platform for SMBs

[Unicorn] Stripe (2010, San Francisco, $473M, Series D)

Web & Mobile Payments for Developers

[Unicorn] Ginkgo Bioworks (2008, Boston, $429M, Series D)

Designs microbes to produce cultured ingredients

[Unicorn] MZ (Machine Zone) (2008, Palo Alto, $263M, Series B)

Mobile game developer

[Unicorn] Docker (2008, San Francisco, $243M, Series E)

LXC based OS-level virtualization technology and PaaS

[Unicorn] Coinbase (2012, San Francisco, $217M, Series D)

Digital currency exchange & wallet provider

[Unicorn] Gusto (2011, San Francisco, $176M, Series C)

Cloud-based HRMS and payroll management solution

[Unicorn] Quora (2009, Mountain View, $141M, Series D)

Social Q&A community

Other Notable Portfolio

Top Exits

Recent News on Fund & Portfolio

Michael SeibelCEO

Geographical Spread Stage of Entry

Sep 2017Sutter Health Collaborates with Qventus to Drive Down Pharmaceutical Costs, PR Newswire

Aug 2017Software Startup CloudMedx Secures $4.2 Million, NewsCenter

Jun 2017CareSkore Wins Best Predictive Analytics Solution Award From MedTech Breakthrough, Newswire

Mar 2017Qventus Expands Artificial Intelligence Platform to Operative Room, HIT Consultant

Mar 2017A.I. For Hospital Operations Company analyticsMD Rebrands As Qventus, HIT Consultant

Nov 2016AI for healthcare' developer analyticsMD raises $13 million, VentureBeat

Aug 2016CareSkore gets $4.3M to bring machine learning to preventive care, TechCrunch

Apr 2016CloudMedx Updates Platform With Risk Stratification Feature, eWEEK

Mar 2016All 60 startups that launched at Y Combinator Winter 2016 Demo Day 1, TechCrunch

Mar 201547 Startups That Launched At Y Combinator Winter 2015 Demo Day 2, TechCrunch

None

12

4 2

1

2013 2014 2015 2016 2017 2018

Follow On New Investments1

-

-

-

8

Undisclosed

Series C+

Series B

Series A

Seed9

-

-

-

-

US

Page 138: Tracxn - Healthcare Analytics Startup Landscape

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Rock Health

138

Portfolio in Healthcare Analytics | Exits | Funds Link | Website | LinkedIn | Twitter

Healthcare Analytics > Investors > Rock Health

People

Investments

[Minicorn] Evidation (2014, Menlo Park, $31.2M, Series B)Uses data analytics to evaluate digital health technologies

[Minicorn] Wellframe (2011, Boston, $25.1M, Series B)Mobile and AI based platform offering support to providers for better patient engagement

[Minicorn] Wildflower Health (2012, San Francisco, $6.8M, Series B)App to identify high risk pregnancies & assistance

[Minicorn] Sensentia (2011, San Francisco, $161k, Seed)Automatic inquiry system using natural language

[Editor's Pick] Ginger.io (2011, Cambridge, $28.2M, Series B)A behavior analytics company aiding people to cope depression

Healthcare Analytics Notable Portfolio

[Soonicorn] Omada Health (2011, San Francisco, $127M, Series

D)Mobile app for behavior change to prevent chronic diseases

[Soonicorn] CollectiveHealth (2013, San Mateo, $119M, Series

C)Self-insurance SaaS platform for employers to sponsor their employees

[Soonicorn] Doctor On Demand (2012, San Francisco, $86.7M,

Series B)Remote video consultations with US-licensed physicians

[Soonicorn] Health I.Q. (2012, Mountain View, $81M, Series C)

Offers health quizzes to improve health consciousness and provides life insurance quotes using science and data

[Soonicorn] Chrono Therapeutics (2004, Waltham, $79.7M,

Series B)A transdermal nicotine replacement therapy for smoking cessation.

Other Notable Portfolio

Top Exits

Recent News on Fund & Portfolio

Halle TeccoFounder

Nate GrossFounder

Geographical Spread Stage of Entry

Nov 2017Ginger.io relaunches as full-stack online mental healthcare service, MobiHealthNews

Aug 2017Sanofi and Evidation Health to work together to understand, treat disease, MobiHealthNews

Jun 2017Temperature-reading 'smartmat' catches diabetic foot ulcers early, FierceBiotech

May 2017Ambient Clinical Analytics raises $5.4M in Series A,

FundingSMEs

Apr 2017

Ambient Clinical Analytics Announces the Close of a $5.4M Series A Funding Round to Drive Growth in its Clinical Decision Support and Control Tower Software Platform, AB Newswire

Apr 2017 Evidation Health takes in $10 mln, PE Hub

Feb 2017Mayo Clinic Spin-off Ambient Clinical Analytics Raising $5.4M, Twin Cities Business

Jul 2016 Star Wars and the future of healthcare, TechCrunch

Sep 2015Gopher Angels invests $212,000 in Ambient Clinical Analytics, MHTA

None

2

4

2

2013 2014 2015 2016 2017 2018

Follow On New Investments1

-

-

1

11

Undisclosed

Series C+

Series B

Series A

Seed13

-

-

-

-

US

Page 139: Tracxn - Healthcare Analytics Startup Landscape

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Frost Data Capital

139

Portfolio in Healthcare Analytics | Exits | Funds Link | Website | LinkedIn | Twitter

Healthcare Analytics > Investors > Frost Data Capital

People

Investments

[Minicorn] OspreyData (2013, San Juan Capistrano, $9.6M, Series

A)Data based optimization for Oil & Gas industry

[Minicorn] PingThings (2014, El Segundo, $2.4M, Seed)

Predictive analytics for managing assets in utility industry

Other Notable Portfolio

Top Exits

Recent News on Fund & Portfolio

Stuart FrostCEO & Managing Partner

Geographical Spread Stage of Entry

Oct 2016 Healthcare Software Firm Amasses $1.8M, ocbj.com

Nov 2014 Jointly Health becomes Sentrian, Sentrian

None

2

3

1

2013 2014 2015 2016 2017 2018

Follow On New Investments1

-

-

-

4

Undisclosed

Series C+

Series B

Series A

Seed5

-

-

-

-

US

Page 145: Tracxn - Healthcare Analytics Startup Landscape

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Center for Innovative Technology

145

Portfolio in Healthcare Analytics | Exits | Funds Link | Website | LinkedIn | Twitter

Healthcare Analytics > Investors > Center for Innovative Technology

Page 153: Tracxn - Healthcare Analytics Startup Landscape

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Norwest Venture Partners

153

Portfolio in Healthcare Analytics | Exits | Funds Link | Website | LinkedIn | Twitter

Healthcare Analytics > Investors > Norwest Venture Partners

Page 154: Tracxn - Healthcare Analytics Startup Landscape

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BlueCross BlueShield Venture Partners

154

Portfolio in Healthcare Analytics | Exits | Funds Link | Website | LinkedIn | Twitter

Healthcare Analytics > Investors > BlueCross BlueShield Venture Partners

Page 155: Tracxn - Healthcare Analytics Startup Landscape

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Merck Global Health Innovation Fund

155

Portfolio in Healthcare Analytics | Exits | Funds Link | Website | LinkedIn | Twitter

Healthcare Analytics > Investors > Merck Global Health Innovation Fund

Page 161: Tracxn - Healthcare Analytics Startup Landscape

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Summation Health Ventures

161

Portfolio in Healthcare Analytics | Exits | Funds Link | Website | LinkedIn | Twitter

Healthcare Analytics > Investors > Summation Health Ventures

Page 165: Tracxn - Healthcare Analytics Startup Landscape

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Kaiser Permanente Ventures

165

Portfolio in Healthcare Analytics | Exits | Funds Link | Website | LinkedIn | Twitter

Healthcare Analytics > Investors > Kaiser Permanente Ventures

Page 170: Tracxn - Healthcare Analytics Startup Landscape

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Merck Global Health Innovation Fund

170

Portfolio in Healthcare Analytics | Exits | Funds Link | Website | LinkedIn | Twitter

Healthcare Analytics > Investors > Merck Global Health Innovation Fund

Page 177: Tracxn - Healthcare Analytics Startup Landscape

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New Enterprise Associates

177

Portfolio in Healthcare Analytics | Exits | Funds Link | Website | LinkedIn | Twitter

Healthcare Analytics > Investors > New Enterprise Associates

Page 180: Tracxn - Healthcare Analytics Startup Landscape

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Healthcare Analytics > Investors > Index of Ecosystem Investors

Index of Top Ecosystem Investors in Healthcare Analytics; Q0 2013 - Q3 2017

Index of Ecosystem Investors

INCUBATOR

Dreamit (8 Investments)

Ben Franklin Technology Partners (5

Investments)

Launchpad Digital Health (3 Investments)

Rev1 Ventures (3 Investments)

500 Startups (2 Investments)

Entrepreneur First (2 Investments)

Techstars (2 Investments)

Acceleprise

Capital Innovators

FuturePlay

Gener8tor

Innovacorp

Oxford University Innovation

Joyful Frog Digital Innovation

Jerusalem Venture Partners

OTHER NOTABLE INVESTORS

Healthbox (10 Investments)

HealthX Ventures (6 Investments)

Blueprint Health (5 Investments)

StartUp Health (5 Investments)

StartX (5 Investments)

Mayo Clinic (4 Investments)

National Science Foundation (4 Investments)

NueCura Partners (4 Investments)

Orbimed (4 Investments)

Plug and Play Tech Center (4 Investments)

Ben Franklin Technology Partners of Southeastern Pennsylvania (4 Investments)

UPMC (4 Investments)

BDC Capital (3 Investments)

Ferrer Freeman Company (3 Investments)

FundersClub (3 Investments)

DEBT INVESTORS

Western Technology Investment (6

Investments)

Silicon Valley Bank (5 Investments)

Connecticut Innovations

MidCap Financial

Trinity Capital Investment

Volcano Capital

Page 181: Tracxn - Healthcare Analytics Startup Landscape

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Dreamit

181

Portfolio in Healthcare Analytics | Exits | Funds Link | Website | LinkedIn | Twitter

Healthcare Analytics > Investors > Dreamit

People

Investments

[Minicorn] Somatix (2015, New York City, $7.5M, Series A)Motion detection, analysis and management platform for preventative and rehabilitative healthcare

[Minicorn] NarrativeDx (2014, Austin, $5.8M, Series A)Provides actionable insights from patient narratives

Healthcare Analytics Notable Portfolio

[Soonicorn] SeatGeek (2009, New York City, $159M, Series D)

Ticket search & comparison engine

[Soonicorn] LevelUp (2008, Boston, $103M, Series E)

Mobile wallet provider and white label service.

[Soonicorn] TrendKite (2012, Austin, $36.4M, Series D)

SaaS based PR Analytics tool.

[Minicorn] Octane Lending (2013, New York City, $12.4M,

Series A)Unified loan application platform for Powersports.

[Minicorn] CloudMine (2011, Philadelphia, $10.2M, Series A)

Secure data enablement platform for healthcare and pharmaceutical organizations

[Minicorn] MindSnacks (2010, San Francisco, $7.7M, Series A)

Multiplayer mobile learning games

[Minicorn] Elevate (2010, San Francisco, $7.7M, Series A)

Brain training games

[Minicorn] Admetsys (2014, Denmark, Seed)

Closed loop system for Insulin and Glucose delivery

[Minicorn] SupplyHog (2011, Chattanooga, Seed)

Marketplace for construction supplies

Other Notable Portfolio

Top Exits

Recent News on Fund & Portfolio

Steve WelchFounder & Managing Partner

Avi SavarCEO & Managing Partner

Mike LevinsonFounder

David BookspanFounder

Geographical Spread Stage of Entry

Aug 2017MedAware Raises $8 Million in Series A Funding to Eradicate Catastrophic Prescription Errors, PR Newswire

Jul 2017 Digital Health Platform Somatix Raises $6M, NoCamels

May 2017Software Startup NarrativeDx Secures $4 Million, NewsCenter

May 2017MedAware's script-error tool for docs could help marketers plenty, too, CEO says, FiercePharma

May 2017NarrativeDx Builds Leading AI Platform for Patient Experience, Secures Series A Funding for, PR Newswire

May 2017NarrativeDX Raises Venture Capital for its Artificial Intelligence Platform Aimed at Healthcare Providers, SiliconHillsNews

Apr 2017Oncora Medical and MD Anderson embark on personalized radiation oncology study, MedCity News

Mar 2016Oncora Medical Raises $1.2M Seed Round to Revolutionize Radiation Oncology, PRWeb

Feb 2016Without Losing Equity. Meet the New Class of the Science Center’s Digital Health Accelerator, PRWeb

None

1

2 2

2

1

2013 2014 2015 2016 2017 2018

Follow On New Investments1

-

-

-

7

Undisclosed

Series C+

Series B

Series A

Seed7

1

-

-

-

US

Israel

Page 182: Tracxn - Healthcare Analytics Startup Landscape

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Ben Franklin Technology Partners

182

Portfolio in Healthcare Analytics | Exits | Funds Link | Website | LinkedIn | Twitter

Healthcare Analytics > Investors > Ben Franklin Technology Partners

People

Investments

[Editor's Pick] Life.io (2012, Philadelphia, $2.4M, Seed)Reward based enterprise health solution

Healthcare Analytics Notable Portfolio

[Soonicorn] Clutch (2012, Ambler, $20.1M, Series B)

Customer management Platform

[Minicorn] Zagster (2007, Boston, $18M, Series B)

Bike sharing slutions provider

[Minicorn] Sidecar (2007, Philadelphia, $16.3M, Series C)

Programmatic Marketing for eCommerce

[Minicorn] CloudMine (2011, Philadelphia, $10.2M, Series A)

Secure data enablement platform for healthcare and pharmaceutical organizations

[Minicorn] Kynectiv (2010, Philadelphia, $1.9M, Series A)

Simulation-based learning management system

[Minicorn] Viihealth (2013, Bethlehem, $1.8M, Seed)

Customer Engagement & Digital Solutions Company dedicated to enabling pharmaceutical and life sciences companies

Other Notable Portfolio

Top Exits

Recent News on Fund & Portfolio

Richard LunakCEO & President

Chadwick PaulCEO & President

Stephen BrawleyCEO & President

Steve BrawleyPresident/CEO

Roseann RosenthalCEO & President

Geographical Spread Stage of Entry

Dec 2017Life.io Helps Life Insurance Carriers Become Customer-Centric And Better Engage Its Customers, Tech Company News

May 2017Life.io is a Benzinga Global FinTech Award Finalist, HITECH news articles

Apr 2017Life.io and LIMRA Announce an Elite Strategic Partnership for Policyholder Engagement, HITECH news articles

Apr 2017Oncora Medical and MD Anderson embark on personalized radiation oncology study, MedCity News

Mar 2017Life.io Announces Content Relationship Agreement with Unstuck, HITECH news articles

Feb 2017Life.io Announces Content Relationship with Harvard Health Publications, Business PR News

Jan 2017Life.io MIND launched to expand policyholder insights, PR Newswire

Mar 2016Oncora Medical Raises $1.2M Seed Round to Revolutionize Radiation Oncology, PRWeb

Health Market Science(1999, King Of Prussia, $51.9M)Acq by LexisNexis - Jan 2015

1

2

1

2013 2014 2015 2016 2017 2018

Follow On New Investments1

-

-

-

4

Undisclosed

Series C+

Series B

Series A

Seed6

-

-

-

-

US

Page 183: Tracxn - Healthcare Analytics Startup Landscape

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Launchpad Digital Health

183

Portfolio in Healthcare Analytics | Exits | Funds Link | Website | LinkedIn | Twitter

Healthcare Analytics > Investors > Launchpad Digital Health

People

Investments

[Minicorn] Moving Analytics (2013, Marina Del Rey, $1.2M, Seed)Home based cardiac rehab through mobile app

[Minicorn] InsightRx (2015, San Francisco, Series A)Analytics platform for precision dosing

Healthcare Analytics Notable Portfolio

[Minicorn] Sense.ly (2013, San Francisco, $11.5M, Series B)

Platform with a virtual nurse for health care monitoring and management

Other Notable Portfolio

Top Exits

Recent News on Fund & Portfolio

Ted RidgwayCo-Founder & Chief Investment Officer

Fred ToneyCo-Founder & CEO

Geographical Spread Stage of Entry

May 2017 InsightRX Raises Funding, VC News Daily

Feb 2017Moving Analytics Closes Investment from OCA Ventures, FinSMEs

Jun 2016 Moving Analytics Raises $1.1M for Home, PRWeb

None

1 1

2013 2014 2015 2016 2017 2018

Follow On New Investments1

-

-

-

2

Undisclosed

Series C+

Series B

Series A

Seed3

-

-

-

-

US

Page 192: Tracxn - Healthcare Analytics Startup Landscape

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Joyful Frog Digital Innovation

192

Portfolio in Healthcare Analytics | Exits | Funds Link | Website | LinkedIn | Twitter

Healthcare Analytics > Investors > Joyful Frog Digital Innovation

Page 193: Tracxn - Healthcare Analytics Startup Landscape

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Jerusalem Venture Partners

193

Portfolio in Healthcare Analytics | Exits | Funds Link | Website | LinkedIn | Twitter

Healthcare Analytics > Investors > Jerusalem Venture Partners

Page 200: Tracxn - Healthcare Analytics Startup Landscape

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National Science Foundation

200

Portfolio in Healthcare Analytics | Exits | Funds Link | Website | LinkedIn | Twitter

Healthcare Analytics > Investors > National Science Foundation

Page 204: Tracxn - Healthcare Analytics Startup Landscape

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Ben Franklin Technology Partners of Southeastern Pennsylvania

204

Portfolio in Healthcare Analytics | Exits | Funds Link | Website | LinkedIn | Twitter

Healthcare Analytics > Investors > Ben Franklin Technology Partners of Southeastern Pennsylvania

Page 207: Tracxn - Healthcare Analytics Startup Landscape

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Ferrer Freeman Company

207

Portfolio in Healthcare Analytics | Exits | Funds Link | Website | LinkedIn | Twitter

Healthcare Analytics > Investors > Ferrer Freeman Company

Page 209: Tracxn - Healthcare Analytics Startup Landscape

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Western Technology Investment

209

Portfolio in Healthcare Analytics | Exits | Funds Link | Website | LinkedIn | Twitter

Healthcare Analytics > Investors > Western Technology Investment

Page 213: Tracxn - Healthcare Analytics Startup Landscape

Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Healthcare Analytics - Jan 2018

Contents

Feed Summary

Investment Trend

Key Markets

Exit Outlook

Investors

News

Appendix

213

Recent News

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Recent News in Healthcare Analytics Sector

Recent News (1/2)

215

Healthcare Analytics > News > Recent News

Dec 2017Lunit Leads the Expansion of AI in the Healthcare Industry, PR Newswire

Dec 2017 Wells Fargo Agents Omnicell Revolver Amendment, ABFJournal

Dec 2017Philips Expands Population Health Management Business With Acquisition of VitalHealth , Imaging Technology News

Dec 2017Coastal Lab Partners Announces Strategic Partnership with inFocus Healthcare Consultants, Pharmacy Choice

Dec 2017Aidoc harnesses deep learning to improve the radiologist’s workflow, MedCity News

Dec 2017CancerLinQ, Tempus, Precision HealthAI Partner on Oncology Data Delivery, Medical Buyer

Dec 20175 Healthcare Marketing Trends for Providers To Watch in 2018 , HIT Consultant

Dec 2017Outcome Health calls off headquarters move amid fraud allegations, Chicago Tribune

Dec 2017LeanTaaS iQueue for Infusion Centers Gains Momentum in 2017, HITECH news articles

Dec 2017Ovation and Coriell Life Sciences Integrate Laboratory Information Management and Genetic Reporting Workflows, GlobeNewswire

Dec 2017USF Health in Tampa Selects Kyruus to Support Patient Access Initiatives, Business Wire

Dec 2017Vital Images Expands Enterprise Imaging Solution at RSNA 2017, Imaging Technology News

Key Recent News Key Recent News

Dec 2017CipherHealth top-rated patient communications vendor by KLAS report, GlobeNewswire

Dec 2017MedHOK Integrates InterQual Connect™ into Population Health Platform, GlobeNewswire

Dec 2017Patient engagement platform HealthLoop partners with health analytics platform Sherbit, MobiHealthNews

Dec 2017ResApp revamps clinical trial of smartphone app to diagnose respiratory disease , MedCity News

Dec 2017Aver and HSBlox Announce Strategic Partnership for Bundled Payments Administration Using the R3 CORDA Platform, Business Wire

Dec 2017UPMC Chooses Revolutionary Technology from Omnicell to Elevate and Automate Pharmacy, PR Newswire

Dec 2017Ventripoint Applies for CE Mark for VMS+ Device and Complete Heart Analysis System, The Newswire

Dec 2017Health Share of Oregon and Health Catalyst Expand Program for Behavioral Health Analytics, Improved, PR Newswire

Dec 2017Champlain Valley Physicians Hospital Selects ezDI™ for Integrated Computer-Assisted Coding (ezCAC™) and Clinical Documentation Improvement (ezCDI™) Solution, PR Newswire

Dec 2017 Roche : to Acquire Viewics, 4-Traders

Dec 2017Deerwalk Incorporated Reorganizes Senior Management, Business Wire

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Recent News in Healthcare Analytics Sector

Recent News (2/2)

216

Healthcare Analytics > News > Recent News

Dec 2017Affinity Bio Partners, Affinity BioCeuticals and HCXperience Announces Technology Partnership, BioSpace

Dec 2017 Recondo Technology Taps Craig Niemiec for CFO, PR Newswire

Dec 2017Apixio’s AI-Based Technology Delivers More Accurate Risk Adjustment to Meet Industry Demand for Compliant Solutions, GlobeNewswire

Dec 2017 Ventripoint Provides Corporate Update, The Newswire

Dec 2017Visualize Health Selects Armor to Provide Advanced Cyber Security for Mission Critical AWS Workloads, Business Wire

Dec 2017New ResApp data shows ~90 percent accuracy when diagnosing range of respiratory conditions , MobiHealthNews

Dec 2017 DreamQuark wins the 2017 Fintech of the Year, Digital Journal

Dec 2017Philips acquires VitalHealth to boost population health management strategy , MedCity News

Dec 2017BurstIQ Files Blockchain Patent Application For Mobile Crypto-Currency Wallet, 4-Traders

Dec 2017ResApp Health : Announces Further Positive Results from Australian Adult Clinical Studies, 4-Traders

Dec 2017Life.io Helps Life Insurance Carriers Become Customer-Centric And Better Engage Its Customers, Tech Company News

Dec 2017CipherHealth Announces 2017 Partner Award Winners, GlobeNewswire

Dec 2017SinfoníaRx Partners With the Health Plan of San Mateo to Deliver Comprehensive Medication Management Services, Newswire

Key Recent News Key Recent News

Dec 20174 Israeli Startups Among Business Insider’s 50 Companies ‘To Boom’ in 2018, NoCamels

Dec 2017 Bay Labs Completes $5.5 Million Series A Financing, Business Wire

Dec 2017Open Source Health Announces $1.3 Million Private Placement and Appointment of New Director, The Newswire

Dec 2017Advocate Health Network Goes Live with Caradigm Knowledge Hub and Caradigm Care Management, Business Wire

Dec 2017HeartFlow Announces Decision by HCSC and Additional BlueCross BlueShield Companies to Issue New Positive Medical Policies for Non-Invasive HeartFlow® FFRct Analysis, 4-Traders

Dec 2017Mirada Medical and Optellum Debut AI-Based Lung Cancer Diagnosis Solution at RSNA 2017, Imaging Technology News

Dec 2017Transforming the Way Surgery Centers Engage with Patients, PR Newswire

Dec 2017Vitagene Launches Two New Health And Wellness Products Based On DNA Test Results , PRWeb

Dec 2017Advantmed’s ELEVATE! Quality Insights™ Software Receives NCQA Certification for 2018, HEDIS® Hybrid Measures, Business Wire

Dec 2017Veyo has added 250 for NEMT business as it preps for expansion in new year, MedCity News

Dec 2017Angie Franks Named Chief Executive Officer of Central Logic, Business Wire

Dec 2017Coastal Lab Partners Announces Strategic Partnership with inFocus Healthcare Consultants, Business Wire

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Contents

Feed Summary

Investment Trend

Key Markets

Exit Outlook

Investors

News

Appendix

217

Explore more on Tracxn Platform

Index of Top companies by Market

Funded Deadpooled Companies

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Explore more on Tracxn Platform

219

Companies

Companies Covered

Unicorns

Public Companies

Acquired Companies

Funded Companies

Investment Trends

Recent Investments

Mega Investments

Investment Trend

Markets

BlueBox

Taxonomy

News

Key News

Recent News

Company Stage

Angel Funded

Seed Funded

Early Stage (Series A/B)

Late Stage (Series C+)

Acqui-hires

DeadPooled

Investors Acquirers

Unicorn Investors

Most Active Investors

Most Active VC &PE Investors

Portfolio of Top Investor

Most Active Acquirer

Healthcare Analytics > Appendix > Explore Sector on Tracxn Platform

Page 220: Tracxn - Healthcare Analytics Startup Landscape

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Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Healthcare Analytics

Index of Top companies by Market (1/25)

220

Healthcare Analytics > Appendix > Index of Top companies by Market

Suite Solutions

Suite Solutions

NantHealth (2007, Culver City, $765M)Integrative bioinformatics platform to find individualized treatment for cancer and other diseasesIPO Date Jun 2016 Mcap $336MIPO Mcap $1.7BNASDAQ NH P/E -

Health Catalyst (2008, Salt Lake City, $237M)Provides analytics platform to improve quality and reduce costs of healthcare organizatonsSoonicorn. Stage: Series E

Norwest Venture Partners, UPMC, Sequoia Capital and 10 Other Investors

CitiusTech (2005, Princeton, $112M)Offers a range of analytical solutions and technology services for Healthcare providersSoonicorn. Stage: Funded

General Atlantic

Suite Solutions

Change Healthcare (2007, Tennessee, $36.6M)Healthcare cost transparency and consumer engagement solutionsUnicorn. Stage: Acquired

HLM Venture Partners, Noro-Moseley Partners, BlueCross BlueShield Venture Partners and 6 Other Investors

Viewics (2009, Sunnyvale, $22M)Providing BI and analytics solutions to enhance operational, financial and clinical outcomes.Stage: Acquired

Canvas Ventures, Roche, Morgenthaler and 3 Other Investors

SCIO Health Analytics (2007, West Hartford, $15.9M)Provides payment integrity solutions for healthcare organizationsMinicorn. Stage: Series B

Sequoia Capital, Silicon Valley Bank, Saama Capital and 2 Other Investors

Suite Solutions

Truven Health (2012, Ann Arbor)Delivers analytic tools, benchmarks and servicesUnicorn. Stage: Acquired

Conrad N. Hilton Foundation, Invest Michigan, Veritas Capital

Indegene (1998, Bangalore)Suite solutions for payers and healthcare providersSoonicorn. Stage: Funded

kitven Fund

Streamline Health (1989, Atlanta)SaaS-based analytic solutions to improve clinical, financial and operational outcomesIPO Date - Mcap -IPO Mcap -- - P/E -

Page 221: Tracxn - Healthcare Analytics Startup Landscape

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Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Healthcare Analytics

Index of Top companies by Market (2/25)

221

Healthcare Analytics > Appendix > Index of Top companies by Market

Suite Solutions

Suite Solutions

ZirMed (1999, Louisville)Innovating Connected HealthcareStage: Acquired

Sequoia Capital, Poplar Ventures, Generation Partners

Value Based Care

Alignment Healthcare (2013, Orange, $240M)Providing population health management to health systems and provider groups.Soonicorn. Stage: Funded

Warburg Pincus, General Atlantic

Evolent Health (2011, Arlington, $121M)Provides clinical and operational technology solutions to healthcare organizationsIPO Date Jun 2015 Mcap $990MIPO Mcap $675MNYSE EVH P/E -

MedeAnalytics (1994, Emeryville, $57M)Healthcare performance analytics company offering BI to providersEditor's Pick. Stage: Acquired

Bain Capital Ventures, Kennet Partners, Industry Ventures and 3 Other Investors

Value Based Care

Valence Health (1996, Chicago, $45M)Provider of clinical integration and health plan services.Editor's Pick. Stage: Acquired

GE Ventures, Flare Capital Partners, Heritage Group and 1 Other Investors

Arcadia Healthcare Solutions (2002, Burlington, $43M)Analytics platform for improving care quality and reducing costs.Stage: Acquired

Merck, GE Ventures, Peloton Equity and 3 Other Investors

Phytel (1997, Dallas, $40.4M)Platform for physician-led population health improvementEditor's Pick. Stage: Acquired

Polaris Partners, Caris Ventures

Page 222: Tracxn - Healthcare Analytics Startup Landscape

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Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Healthcare Analytics

Index of Top companies by Market (3/25)

222

Healthcare Analytics > Appendix > Index of Top companies by Market

Suite Solutions

Value Based Care

Wellcentive (2005, Roswell, $18.5M)Providing population health management and data analytic solutions for HCOsMinicorn. Stage: Acquired

Summit Partners, Noro-Moseley Partners, Harbert Management

Aetion (2012, New York City, $11.2M)Provides payer/provider, biopharma and medical device customers with a platform to allow them to gain insights into the clinical and financial status of a populationMinicorn. Stage: Series A

Flare Capital Partners, Lakestar

Inovalon (1998, Bowie)Cloud-based data analytics platform that helps improve clinical, quality and payment integrity outcomesIPO Date Feb 2015 Mcap $2.2BIPO Mcap $3.9BNASDAQ INOV P/E 121.7

Population Health Management

Patient Health

Humedica (2008, Boston, $63M)Clinical intelligence platform for population-wide analyticsStage: Acquired

North Bridge, General Catalyst Partners, Bain Capital Ventures and 3 Other Investors

MedVentive (1997, Waltham, $33.6M)SaaS based population and risk management toolsStage: Acquired

National Healthcare Services, Core Capital Partners, Excel Venture Management and 6 Other Investors

Medecision (1988, Wayne, $30M)Offers On-demand cloud based population health technologyIPO Date Dec 2006 Mcap $149MIPO Mcap $149MNASDAQ MEDE P/E -

Patient Health

Lumiata (2013, San Mateo, $23M)Helping providers deliver optimized care using medical science-based graph analyticsMinicorn. Stage: Series B

Intel Capital, BlueCross BlueShield Venture Partners, Khosla Ventures and 3 Other Investors

ZeOmega (2001, Plano, $21.5M)Provider of software solutions for population healthcare management (PHM) serving payer and provider organizations.Minicorn. Stage: Funded

BlueCross BlueShield Venture Partners, Sandbox Industries, Bregal Sagemount

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Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Healthcare Analytics

Index of Top companies by Market (4/25)

223

Healthcare Analytics > Appendix > Index of Top companies by Market

Population Health Management

Patient Health

Predilytics (2011, Burlington, $20.5M)Predilytics provides analytic solutions to health plans, providers, and other risk-bearing entities to improve population health.Stage: Acquired

Flybridge Capital Partners, Highland Capital Partners, Flare Capital Partners and 2 Other Investors

Jvion (2011, Suwanee, $8.9M)Deep Learning for Predicting illnessMinicorn. Stage: Series A

Eastside Partners, Martin Ventures

VitreosHealth (2009, Plano, $5M)Offers Insights-as-a-Service (IaaS) on population health managementMinicorn. Stage: Funded

Kinderhook Industries

Patient Health

CareSkore (2014, Chicago, $4.4M)Providing population management solution for hospitals, health systems and ACOs.Minicorn. Stage: Series A

Cota Capital, Storm Ventures, Rising Tide Fund and 2 Other Investors

Enlightiks (2012, Bangalore)Data analytics platform for actionable insightsEditor's Pick. Stage: Acquired

VitalHealth Software (2006, Minneapolis)Software solutions for actionable population health managementEditor's Pick. Stage: Acquired

Community Health

Metabiota (2008, San Francisco, $34.5M)Risk analytics to predict and control epidemic outbreaksEditor's Pick. Stage: Series A

GV, Rosemont Seneca Technology Partners, WP Global Partners and 5 Other Investors

Aperio Health (2017, Washington D.C.)Population health intelligence platform & EHR solutionEditor's Pick. Stage: Funded

TCP Venture Capital

Page 224: Tracxn - Healthcare Analytics Startup Landscape

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Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Healthcare Analytics

Index of Top companies by Market (5/25)

224

Healthcare Analytics > Appendix > Index of Top companies by Market

Population Health Management

Employee Health

Welltok (2009, Denver, $258M)Platform which allows payers and employers to link incentives with improvement in health parameters and provides personalized health recommendations to consumersSoonicorn. Stage: Series F

New Enterprise Associates, Bessemer Venture Partners, Georgian Partners and 16 Other Investors

Lyra Health (2015, Burlingame, $38.1M)Behavioral health management solution for healthcare organizationsEditor's Pick. Stage: Series B

Greylock Partners, Venrock, Breyer Capital and 2 Other Investors

Artemis Health (2013, New York City, $32.7M)Population health analytics for employersMinicorn. Stage: Series B

FPrime Capital Partners, Maverick Ventures, Kickstart Seed Fund and 5 Other Investors

Employee Health

Innovu (2014, Pittsburgh, $14.3M)Innovu helps employers make informed decisions regarding their benefits plansMinicorn. Stage: Series A

WellRight (2013, Chicago, $4.6M)Population health management solutions for employersMinicorn. Stage: Series A

BW Capital Partners, KDWC Ventures

Springbuk (2014, Indianapolis, $3.9M)Providing analytics for a better ROI in population health.Minicorn. Stage: Series A

Lewis & Clark Ventures, Elevate Ventures

Fedo (2015, Bangalore)AI to predict risks for lifestyle diseasesEditor's Pick. Stage: Unfunded

Employee Health

Niles Health (2015, Palo Alto)Wellness and prevention management platform for employersEditor's Pick. Stage: Unfunded

Page 225: Tracxn - Healthcare Analytics Startup Landscape

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Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Healthcare Analytics

Index of Top companies by Market (6/25)

225

Healthcare Analytics > Appendix > Index of Top companies by Market

Clinical Analytics

Risk Profile

Galaxy AI (2015, New York City, $20.1k)Predictive health insightsEditor's Pick. Stage: Funded

Right Side Capital Management

Benetech (1987, Toronto)Prenatal screening and risk assessmentEditor's Pick. Stage: Unfunded

Open Source Health (2001, Toronto)Online platform for women health assistance to deliver precision medicine.IPO Date Jun 2001 Mcap $375kIPO Mcap $375kCNSX OSH P/E -

Diagnosis

HeartFlow (2007, Redwood City, $317M)Provides cardiovascular diagnostic support using analytics.Unicorn. Stage: Series E

GE Ventures, BlueCross BlueShield Venture Partners, U.S Venture Partners and 1 Other Investors

Butterfly Network (2011, Guilford, $100M)Ultrasound based low cost, portable imaging devices that use machine learning technologySoonicorn. Stage: Funded

Aeris Capital, Stanford University, EMBL Ventures

Sophia Genetics (2011, Lausanne, $61.8M)Solutions for storage and analysis of patient genome sequence information and data.Soonicorn. Stage: Series D

Balderton Capital, Invoke Capital, 360 Capital Partners and 4 Other Investors

Diagnosis

Arterys (2012, San Francisco, $42M)SaaS analytics platform for Medical Image AnalysisSoonicorn. Stage: Series B

Temasek, Northwell, NewYork-Presbyterian and 9 Other Investors

Analytics4Life (2011, Toronto, $34M)Technology for non-invasive cardiac monitoring and to assess specific diseaseMinicorn. Stage: Series B

Voxelcloud (2015, Los Angeles, $28.5M)Automated medical image analysis solutionsMinicorn. Stage: Series A

Tencent, Sequoia Capital, NewMargin Ventures

VuCOMP (2001, Plano, $22M)Imaging and analysis tools to detect breast cancerStage: Acquired

Page 226: Tracxn - Healthcare Analytics Startup Landscape

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Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Healthcare Analytics

Index of Top companies by Market (7/25)

226

Healthcare Analytics > Appendix > Index of Top companies by Market

Clinical Analytics

Diagnosis

Confirma (1998, Bellevue, $20.5M)Computer-aided diagnostic solutions for MRIStage: Acquired

Telegraph Hill Partners, Versant Ventures, Prism VentureWorks and 4 Other Investors

Zebra Medical Vision (2014, Ramat Hasharon, $20M)Medical image based decision support toolsSoonicorn. Stage: Series B

Intermountain Healthcare, Dolby Family Ventures, Khosla Ventures and 2 Other Investors

Imagen Technologies (2015, New York City, $19.3M)Diagnostic solutions using computer vision and machine learningEditor's Pick. Stage: Series B

Nexus Venture Partners

Diagnosis

Enlitic (2014, San Francisco, $15M)Machine learning for diagnostic healthcareSoonicorn. Stage: Series B

Capitol Health, Mission and Market, Amplify Partners and 2 Other Investors

Advanced MR Analytics (2010, Linkoping, $11.1M)Quantified MRI for R&D, Clinical and Big Data applicationsEditor's Pick. Stage: Series B

Pfizer, Industrifonden, Novo Holdings

AIdoc (2015, Tel Aviv, $10.5M)AI-based single screen system to streamline medical imagingEditor's Pick. Stage: Series B

TLV Partners, Magma Venture Partners, Israel Brain and 1 Other Investors

Diagnosis

ResApp Health (2014, Perth, $9.7M)Smartphone app for diagnosing respiratory diseasesEditor's Pick. Stage: Acquired

Jett Capital, Empire Capital, CPS Capital Group

SigTuple (2015, Bangalore, $6.5M)AI based healthcare diagnostic solutionMinicorn. Stage: Series A

Accel Partners, IDG Ventures India, Endiya Partners and 11 Other Investors

Bay Labs (2014, San Francisco, $5.5M)Deep learning based medical imaging diagnostics for Heart diseasesEditor's Pick. Stage: Series A

Khosla Ventures, Data Collective, Minneapolis Heart Institute and 3 Other Investors

Page 227: Tracxn - Healthcare Analytics Startup Landscape

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Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Healthcare Analytics

Index of Top companies by Market (8/25)

227

Healthcare Analytics > Appendix > Index of Top companies by Market

Clinical Analytics

Diagnosis

Volpara Solutions (2009, Wellington, $5.5M)Quantitative breast imaging tools to assess breast densityIPO Date Apr 2016 Mcap $51.4MIPO Mcap $24.4MASX VHT P/E -

Tricog (2015, Bangalore, $2.8M)Online platform connecting heart patients & doctors and provider of ECG devices to doctorsEditor's Pick. Stage: Series A

Inventus Capital Partners, Blume Ventures, Amnyk and 4 Other Investors

BSP Cardiology (2000, Tel Aviv, $2.5M)Diagnostic high frequency ECG devices and analytics for Ischemic heart diseaseIPO Date - Mcap -IPO Mcap -- - P/E -

Diagnosis

Picofemto (2011, New York City, $2.2M)Medical data analysis and decision support toolMinicorn. Stage: Series A

Lunit (2013, Seoul, $2M)Provides medical diagnosis support using machine learning and algorithmsMinicorn. Stage: Series A

SoftBank Ventures Korea, K Cube Ventures, Formation 8

MedyMatch (2013, Tel Aviv, $2M)Clinical Decision Support System using Artificial IntelligenceMinicorn. Stage: Seed

Genesis Capital Advisors, Exigent Capital Management

Diagnosis

BrainSpec (2015, Boston, $1.7M)Web-based Magnetic Resonance Spectroscopy (MRS) software platformEditor's Pick. Stage: Seed

Techstars, Dorm Room Fund

TeleSkin (2007, Esbjerg, $900k)Hardware and software tools for Skin Cancer AnalysisMinicorn. Stage: Seed

Seed Capital, Accelerace

Densitas (2011, Halifax, $250k)Breast density assessment software using imaging analyticsMinicorn. Stage: Seed

Innovacorp

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Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Healthcare Analytics

Index of Top companies by Market (9/25)

228

Healthcare Analytics > Appendix > Index of Top companies by Market

Clinical Analytics

Diagnosis

Object Research Systems (2004, Montreal)3D visualization and analysis solutionsEditor's Pick. Stage: Funded

Government of Canada

Quantitative Insights (2010, Chicago)ML-based computer-aided diagnosis platform for the evaluation of breast abnormalitiesEditor's Pick. Stage: Unfunded

Qure.ai (2016, Mumbai)AI-based decision support tool for diagnostic imagesEditor's Pick. Stage: Unfunded

CureMetrix (2014, Rancho Santa Fe)Detection of breast cancer in mammograms using medical image analyticsMinicorn. Stage: Seed

Analytics Ventures, Bloom Squared

Diagnosis

Magentiq Eye (2015, Haifa)Computer vision technology in endoscopic proceduresMinicorn. Stage: Unfunded

DreamUp Vision (2015, Paris)Artificial Intelligence for retinal diseasesEditor's Pick. Stage: Unfunded

Elucid Labs (2016, Waterloo)Augmented intelligence imaging solution for early diagnosis of skin cancerEditor's Pick. Stage: Seed

Spectrum28

RaPID Medical Technologies (2013, Chicago)Computer-aided system to detect retained surgical items and implanted medical devices.Editor's Pick. Stage: Unfunded

Diagnosis

VidiStar (2005, Greenville)PACS and online reporting solutionsEditor's Pick. Stage: Series A

Ministry of Economy, Israel, SCRA

Feedback (1958, Cambridge)Software solutions and workflows for medical image analysisIPO Date Dec 2003 Mcap $34.9kIPO Mcap -LON FDBK P/E -

IXICO (2013, London)provides clinical trial services, and developer of medical image management and analysisIPO Date Oct 2013 Mcap $187kIPO Mcap $15.8MLON IXI P/E -

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Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Healthcare Analytics

Index of Top companies by Market (10/25)

229

Healthcare Analytics > Appendix > Index of Top companies by Market

Clinical Analytics

Diagnosis

VentriPoint (2005, Seattle)Heart analysis systemIPO Date Nov 2005 Mcap $12.8MIPO Mcap $1.1MCVE VPT P/E -

vRad (2001, Eden Prairie)Provides radiology informatics solutions and teleradiology servicesStage: Acquired

Care Planning

Imaging Advantage (2007, Santa Monica, $295M)Evidence based CDS tools for radiologyEditor's Pick. Stage: Acquired

CRG, Goldman Sachs, Bregal Sagemount

Tempus (2015, Chicago, $130M)Oncology platform for sequencing, analytics and informaticsSoonicorn. Stage: Series C

New Enterprise Associates, Revolution, Lightbank

Assurex Health (2006, Mason, $84.5M)Personalized neuropsychiatric medicine.Editor's Pick. Stage: Acquired

Sequoia Capital, Mayo Clinic, Claremont Creek Ventures and 12 Other Investors

Care Planning

Syapse (2008, Palo Alto, $69.5M)Molecular profiling platform for diagnosing and treating patientsSoonicorn. Stage: Series D

Ascension Ventures, GE Ventures, Intermountain Healthcare and 7 Other Investors

Epocrates (1998, San Mateo, $35M)Mobile & web based platform for clinical information and decision support for providersIPO Date Feb 2011 Mcap $292MIPO Mcap $357MNASDAQ EPOC P/E -

Medicalis (1999, Ontario, $25.4M)Workflow and decision support tools for imaging servicesStage: Acquired

HLM Venture Partners

Page 230: Tracxn - Healthcare Analytics Startup Landscape

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Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Healthcare Analytics

Index of Top companies by Market (11/25)

230

Healthcare Analytics > Appendix > Index of Top companies by Market

Clinical Analytics

Care Planning

Caresyntax (2015, Berlin, $11.9M)Analytics & integration platform to improve surgical outcomesMinicorn. Stage: Series A

Norgine Ventures

TransMed Systems (2013, Cupertino, $7.3M)TransMed provides solutions for Clinical Decision Support and data exploration to improve patient outcomes.Editor's Pick. Stage: Series A

Arsenal Capital Management

Avatar DSS (2015, Tampa)Precision treatment support for cancer patientsMinicorn. Stage: Funded

Healthbox

Care Planning

InsightRx (2015, San Francisco)Analytics platform for precision dosingMinicorn. Stage: Series A

GreatPoint Ventures, Plug and Play Tech Center, Launchpad Digital Health and 2 Other Investors

Turbine (2015, Budapest)Design effective cancer combination therapies using artificial intelligenceEditor's Pick. Stage: Unfunded

2bPrecise (2016, Pittsburgh)Clinical-genomic platform for precision medicine & scientific discoveryEditor's Pick. Stage: Unfunded

Clinical Support Information Systems (2011, New Haven)Evidence-based prescription guidance platformEditor's Pick. Stage: Unfunded

Care Planning

CortexMD (2015, New York City)Offers a solution which uses proprietary decision trees and algorithms based to assign a probability of success to each type of radiology test.Editor's Pick. Stage: Unfunded

CSTS Health Care (2013)Omics interpretation tools for clinical cross-disciplinary decision makingEditor's Pick. Stage: Unfunded

Interpreta (2014, San Diego)Delivers actionable insights using both molecular and clinical dataEditor's Pick. Stage: Unfunded

Monarch Medical Technologies (2003, Charlotte)Clinical decision support software for inpatient glucose managementEditor's Pick. Stage: Unfunded

Page 231: Tracxn - Healthcare Analytics Startup Landscape

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Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Healthcare Analytics

Index of Top companies by Market (12/25)

231

Healthcare Analytics > Appendix > Index of Top companies by Market

Clinical Analytics

Care Planning

Neuromathix (2001, Brisbane)Decison support software to develop personalized healthcare model based on patient specific heath parametersEditor's Pick. Stage: Unfunded

OmniSeq (2015, Buffalo)Suite of web-based solutions for access to genomic testing and sequencing servicesEditor's Pick. Stage: Funded

Ontomics (2012, New York City)Healthcare platform for data-driven precision care & researchEditor's Pick. Stage: Unfunded

TAFi (2015, Chicago)Real time decision support platromEditor's Pick. Stage: Unfunded

Care Planning

The Precision Medicine Calculator (2016, Budapest)Online computational tool for precision oncologyEditor's Pick. Stage: Unfunded

Tabula Rasa Healthcare (2013, Moorestown)Data driven care optimization solutions for healthcare organizationsIPO Date Sep 2016 Mcap $547MIPO Mcap -NASDAQ TRHC P/E -

Financial Analytics

Cost Containment

Health Market Science (1999, King Of Prussia, $51.9M)Enables healthcare organizations to improve operational efficencyEditor's Pick. Stage: Acquired

Cross Atlantic Capital Partners, Edison Partners, Ben Franklin Technology Partners and 1 Other Investors

Truveris (2009, New York City, $51.7M)HealthTech Analytics and Validation platformEditor's Pick. Stage: Series D

McKesson Ventures, Canaan Partners, New Leaf Venture Partners and 4 Other Investors

Cardinal Analytx Solutions (2013, Palo Alto, $6.1M)ML-based for member risk prediction and targeted interventionsEditor's Pick. Stage: Series A

Cardinal Partners, Premera

Page 232: Tracxn - Healthcare Analytics Startup Landscape

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Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Healthcare Analytics

Index of Top companies by Market (13/25)

232

Healthcare Analytics > Appendix > Index of Top companies by Market

Financial Analytics

Cost Containment

RxResults (2008, Little Rock, $4.2M)Evidence-Based Pharmacy Benefits Risk ManagementMinicorn. Stage: Series A

P & R Dental Strategies (1994, New York City)Provides data driven solutions to payers using informaticsEditor's Pick. Stage: Funded

New Capital Partners

Revenue Cycle Management

MediGain (2004, Plano, $46.5M)Provides revenue management solutions to healthcare providersEditor's Pick. Stage: Series B

Prudential Capital Group

Fraud Detection

HealthDataInsights (1985, Las Vegas, $13.2M)Technology driven Fraud, Waste & Abuse solutions for HealthcareStage: Acquired

Ticonderoga Private Equity, Redhills Ventures, Upfront Ventures and 1 Other Investors

Certive (2013, Phoenix, $8.6M)Cloud-based claims audit and recovery solutions for healthcare providers in U.SIPO Date Oct 2013 Mcap $2.8MIPO Mcap -CNSX CBP P/E -

FraudScope (2016, Atlanta, $1.5M)AI platform for healthcare fraud detetctionEditor's Pick. Stage: Seed

Spider Capita, GRA Venture Fund, Tech Square and 3 Other Investors

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Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Healthcare Analytics

Index of Top companies by Market (14/25)

233

Healthcare Analytics > Appendix > Index of Top companies by Market

Financial Analytics

Risk Adjustment

Centauri Health Solutions (2014, Phoenix, $50M)Technology Platform providing data management designed specifically for risk adjustment and quality-based revenue programsSoonicorn. Stage: Funded

Silversmith Capital Partners, SV Health Investors

Apixio (2009, San Mateo, $44.4M)Providing solutions for healthcare organization by optimizing costs and outcomes.Editor's Pick. Stage: Series D

SSM Partners, First Analysis, Bain Capital Ventures and 1 Other Investors

Digital Harbor (1997, Vienna, $21M)Provides Compliance and Intelligent Risk Management SolutionsStage: Acquired

Insight Venture Partners, FTV Capital

Risk Adjustment

Health Fidelity (2011, San Mateo, $19.3M)NLP and analytics based risk adjustment solutions for providers and payersMinicorn. Stage: Series B

UPMC, National Science Foundation, Charter Life Sciences

Pulse 8 (2012, Annapolis, $1.2M)Provides risk adjustment and quality analytics for healthcare providersMinicorn. Stage: Series A

Maryland Venture Fund, Maryland Department of Business & Economic Development

ClosedLoop (2017, Austin)AI-based risk predictive platform for payers, providers & pharmaEditor's Pick. Stage: Unfunded

Risk Adjustment

Altegra Health (1990, Miami)Cloud-based risk adjustment and quality analytics platformStage: Acquired

Stockwell Capital, Parthenon, Questa Capital

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Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Healthcare Analytics

Index of Top companies by Market (15/25)

234

Healthcare Analytics > Appendix > Index of Top companies by Market

Financial Analytics

Episode-Based Payments

Remedy Partners (2011, Fairfield, $96.2M)Tech-enabled care coordination platformSoonicorn. Stage: Series B

Bain Capital Ventures, Spring Lake Equity Partners, Health Catalyst Capital and 1 Other Investors

Aver (2010, Ohio, $24.4M)Bundled payment solution and performance analyticsMinicorn. Stage: Series B

Heritage Group, Cardinal Health, GE Ventures and 10 Other Investors

OM1 (2015, Cambridge, $15M)Platform that enables providers to manage CMS CJR bundle for value based careEditor's Pick. Stage: Series A

General Catalyst Partners, 7wire Ventures, Wanxiang Healthcare Investment

Suite Solutions

MedAssets (1999, Alpharetta, $21.7M)Analytical solutions for cost reduction, financial optimization, clinical delivery alignment and efficiencyStage: Acquired

JPMorgan, Barclays, Grotech Ventures and 4 Other Investors

Cotiviti Healthcare (1979, Atlanta)Analytics-driven payment accuracy solutions for healthcare payersIPO Date May 2016 Mcap $3BIPO Mcap $1.7BNYSE COTV P/E 33.18

Emdeon (1986, Nashville)Provides revenue and payment cycle management solutionsStage: Acquired

Hellman & Friedman, General Atlantic, AlpInvest Partners

Operational Analytics

Operational Analytics

Qventus (2011, Los Altos, $13.7M)AI based software to help optimize hospital operationsEditor's Pick. Stage: Series A

Norwest Venture Partners, Mayfield, Y Combinator and 4 Other Investors

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Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Healthcare Analytics

Index of Top companies by Market (16/25)

235

Healthcare Analytics > Appendix > Index of Top companies by Market

Operational Analytics

Asset Management

OnShift (2008, Cleveland, $30.3M)Staff scheduling software for healthcareMinicorn. Stage: Series D

VelocityHealth Securities, Draper Triangle, Early Stage Partners and 6 Other Investors

Cohealo (2012, Boca Raton, $12.2M)Platform for renting out medical equipmentEditor's Pick. Stage: Series A

Romulus Capital, Krillion Ventures, Struck Capital

Alcidion Corporation (2000, Wayville, $3.9M)Decision support system offering centralised data for clinical operations at hospitalsIPO Date Jun 2011 Mcap $13.7MIPO Mcap $10MASX ALC P/E -

Asset Management

Sensentia (2011, San Francisco, $161k)Automatic inquiry system using natural languageMinicorn. Stage: Seed

Rock Health, Healthy Ventures, HealthTech Capital and 1 Other Investors

M&S Biotics (2014, Scranton)AI-based RFID system to improve surgical procedure efficiencyEditor's Pick. Stage: Funded

PioneerRx (2008, Shreveport)A pharmacy management solution that helps independent pharmaciesEditor's Pick. Stage: Unfunded

Qclinics (2016, Montreal)Platform which uses artificial intelligence to optimize patient flow in clinicsEditor's Pick. Stage: Unfunded

Asset Management

Aesynt (2013, Cranberry Township)Provides pharmacy automation and information management solutions for hospitals and health systems.Stage: Acquired

Omnicell (1992, Mountain View)Automated materials management & business analytics solutions for healthcare organizationsIPO Date Aug 2001 Mcap $1.9BIPO Mcap $145MNASDAQ OMCL P/E -

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Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Healthcare Analytics

Index of Top companies by Market (17/25)

236

Healthcare Analytics > Appendix > Index of Top companies by Market

Operational Analytics

Referral Management

Kyruus (2010, Boston, $55.8M)Referral management solutions for healthcare organizationsSoonicorn. Stage: Series D

Mercy, New Leaf Venture Partners, Highland Capital Partners and 8 Other Investors

par8o (2011, Newton, $13.5M)Patient referral management softwareMinicorn. Stage: Series A

United Healthcare, Atlas Venture, Founder Collective and 1 Other Investors

Signum Health (2016, Caerphilly)A digital referral platform and a range of remote diagnostic servicesEditor's Pick. Stage: Seed

Finance Wales, William Record, Iain Burnett

Marketing

Evariant (2008, Farmington, $68.5M)Provides platform for digital marketing solutionsSoonicorn. Stage: Series C

Salesforce, McKesson Ventures, Lightspeed Venture Partners and 4 Other Investors

ImpactRx (2000, Mount Laurel, $28M)Consultative and analytics-based promotional effectiveness solutions to the healthcare industryStage: Acquired

3i Group, Mediphase Venture Partners, Oxford Bioscience Partners and 1 Other Investors

PatientPop (2014, Santa Monica, $23.8M)Marketing platform for healthcare providersEditor's Pick. Stage: Series A

Toba Capital, Athenahealth, Silicon Valley Bank

Marketing

Cogito Corporation (2007, Boston, $22.5M)Caller Behavioural science for sales and serviceMinicorn. Stage: Series B

OpenView, Romulus Capital, Salesforce and 3 Other Investors

Carrot Health (2014, Minneapolis)Cloud-based healthcare business & marketing intelligence solutionsEditor's Pick. Stage: Series A

TreeHouse Health

Page 237: Tracxn - Healthcare Analytics Startup Landscape

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Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Healthcare Analytics

Index of Top companies by Market (18/25)

237

Healthcare Analytics > Appendix > Index of Top companies by Market

Operational Analytics

Patient Feedback

NarrativeDx (2014, Austin, $5.8M)Provides actionable insights from patient narrativesMinicorn. Stage: Series A

LiveOak Venture Partners, Cultivation Capital, HealthX Ventures and 4 Other Investors

Business Intelligence

Blue Health Intelligence (2010, Chicago, $70.6M)Provides predictive analytics to improve patient careSoonicorn. Stage: Series B

Evidation (2014, Menlo Park, $31.2M)Uses data analytics to evaluate digital health technologiesMinicorn. Stage: Series B

Sanofi Genzyme BioVentures, GE Ventures, B Capital Group and 4 Other Investors

Sikka Software (2004, Milpitas, $18.8M)Platform that offers apps and data integration for retail healthcare (non-hospitals, non -physicians)Editor's Pick. Stage: Series C

ATA Ventures, Sierra Ventures, Orbimed

Business Intelligence

Innovaccer (2012, Noida, $18.4M)Provide a platform which uses big data analytics on the data collected from multiple sources to provide clinicians with insightsMinicorn. Stage: Series A

WestBridge Capital Partners, Raymie Stata, Herb Madan and 10 Other Investors

HealthVerity (2014, Philadelphia, $17.1M)Patient Engagement solutions with location based analyicsMinicorn. Stage: Series B

Flare Capital Partners, Greycroft Partners, Foresite Capital

Cogitativo (2014, Berkeley, $12M)Data Science-as-a-Service platform fro HCOsMinicorn. Stage: Series A

Marble Bridge

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Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Healthcare Analytics

Index of Top companies by Market (19/25)

238

Healthcare Analytics > Appendix > Index of Top companies by Market

Operational Analytics

Business Intelligence

Quture (1972, Daytona Beach, $563k)Clinical performance and outcomes analytics companyIPO Date - Mcap -IPO Mcap -- - P/E -

Advisory (1979, Washington D.C.)Provides an analytics platform and consulting services for business intelligenceIPO Date - Mcap -IPO Mcap -- - P/E -

Decision Resources Group (1995, Burlington)Provides a business intelligence platform and also consulting servciesEditor's Pick. Stage: Acquired

Providence Equity Partners, Piramal Group

Business Intelligence

QorQl (2015, Noida)Doctor appointment booking platform with integrated EHR and practice managementEditor's Pick. Stage: Seed

Paytm

THB (2015, Gurgaon)Analytics and clinical decision support platform for healthcare.Editor's Pick. Stage: Seed

Currae Healthtech Fund

Avalere Health (2000, Washington D.C.)Focuses on solving analytic and strategic problems for healthcare companiesStage: Acquired

Performance Metrics

MD Insider (2012, Santa Monica, $24.3M)Physician performance scoresMinicorn. Stage: Series B

Summation Health Ventures, Linden Mobile Ventures, Hone Capital and 5 Other Investors

iVantage Health (2011, Portland, $24.2M)Benchmarking and planning services to HCOsStage: Acquired

Great Point Partners

ArborMetrix (2011, Ann Arbor, $13.2M)Clinical analytics platform to measure and improve outcomes, quality and cost.Editor's Pick. Stage: Series C

Renaissance Venture Capital Fund, Invest Detroit Ventures, RPM Ventures and 5 Other Investors

Page 239: Tracxn - Healthcare Analytics Startup Landscape

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Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Healthcare Analytics

Index of Top companies by Market (20/25)

239

Healthcare Analytics > Appendix > Index of Top companies by Market

Operational Analytics

Performance Metrics

Dabo Health (2011, San Francisco, $2M)Platform for tracking performance metrics and collaborationMinicorn. Stage: Series A

Safeguard Scientifics

CleMetric (2013, Madison)Suite of analytics software for improving hospital care qualityEditor's Pick. Stage: Unfunded

CECity (1996, Homestead)Offers Pay for Performance analyticsStage: Acquired

Patient Scheduling

NextDoc Solutions (2013, Nashville)Value Based Scheduling SolutionsEditor's Pick. Stage: Unfunded

Schedule Robot (2015)ML-based patient scheduling system that predicts and prevent no-showsEditor's Pick. Stage: Unfunded

Health Engagement

Health Engagement

Vibrent (2014, Fairfax)Precision medicine platformEditor's Pick. Stage: Funded

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Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Healthcare Analytics

Index of Top companies by Market (21/25)

240

Healthcare Analytics > Appendix > Index of Top companies by Market

Health Engagement

Member Engagement

Eliza Corp (1998, Danvers, $106M)Predictive analytics driven platform for health engagementSoonicorn. Stage: Acquired

Parthenon, Questa Capital

MedHOK (2009, Tampa, $77.5M)SaaS platform for care, quality and complianceStage: Acquired

Spectrum Equity, Bain Capital Ventures

Life.io (2012, Philadelphia, $2.4M)Reward based enterprise health solutionEditor's Pick. Stage: Seed

Robin Hood Ventures, Rittenhouse Ventures, Ben Franklin Technology Partners and 3 Other Investors

Pharm3r (2011, New York City)AI-integrated solution to evaluate drug & device safetyEditor's Pick. Stage: Unfunded

Patient Engagement

Proteus Digital Health (2001, Redwood City, $404M)Medical adherence monitoring systemUnicorn. Stage: Series H

Otsuka, Novartis Venture Fund, Adams Street Partners and 20 Other Investors

EarlySense (2004, Ramat Gan, $85M)Contact free patient monitoring solutionSoonicorn. Stage: Series F

Bank Hapoalim, Pitango Venture Capital, JK&B Capital and 13 Other Investors

Glooko (2010, Palo Alto, $71M)Glucose meter and mobile app for diabetes managementSoonicorn. Stage: Series C

Georgian Partners, Mayo Clinic, Canaan Partners and 6 Other Investors

Patient Engagement

WellDoc (2005, Baltimore, $64.8M)Mobile health products for chronic disease managementSoonicorn. Stage: Series B

JNJ Innovation, Samsung Venture Investment, Adage Capital Management and 7 Other Investors

MD Revolution (2011, San Diego, $43.3M)SaaS based predicitive analytics platform for patient engagement and outcomes improvementEditor's Pick. Stage: Series C

Jump Capital, Tigris Ventures, Chatham Ventures and 2 Other Investors

Healthsense (2001, Mendota, $39.4M)Remote monitoring, emergency call, and wellness management solutionsStage: Acquired

Radius Ventures, Merck, Mansa Capital and 3 Other Investors

Page 241: Tracxn - Healthcare Analytics Startup Landscape

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Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Healthcare Analytics

Index of Top companies by Market (22/25)

241

Healthcare Analytics > Appendix > Index of Top companies by Market

Health Engagement

Patient Engagement

Ginger.io (2011, Cambridge, $28.2M)A behavior analytics company aiding people to cope depressionEditor's Pick. Stage: Series B

Kaiser Permanente Ventures, Romulus Capital, Khosla Ventures and 10 Other Investors

Wellframe (2011, Boston, $25.1M)Mobile and AI based platform offering support to providers for better patient engagementMinicorn. Stage: Series B

FPrime Capital Partners, DFJ, Formation 8 and 5 Other Investors

Healthloop (2009, Mountain View, $23.8M)Cloud based analytics platform for patient engagement and care coordination during patient recoveryMinicorn. Stage: Series B

Summation Health Ventures, Canvas Ventures, Lafayette General and 9 Other Investors

Patient Engagement

PhysIQ (2005, Naperville, $19.9M)PhysIQ is a personalized physiology data analytics platform.Minicorn. Stage: Series B

Quark Venture, LionBird, GF Securities and 2 Other Investors

WiserTogether (2008, Washington D.C., $19.3M)Personalized treatment comparison and selection platform for patients through healthcare organizations or employer.Minicorn. Stage: Series B

Martin Ventures, Harbert Management, Grotech Ventures and 4 Other Investors

AiCure (2009, New York City, $12.3M)SaaS platform that visually confirms medication adherenceMinicorn. Stage: Series A

New Leaf Venture Partners, Pritzker Group, Tribeca Venture Partners and 3 Other Investors

Patient Engagement

Injectsense (2014, Emeryville, $9.8M)Sensor-coupled digital health platform for disease tracking & therapy managementEditor's Pick. Stage: Series A

Xealth (2017, Seattle, $8.5M)Digital care platform to prescribe, monitor and analyze care solutionsMinicorn. Stage: Seed

DFJ, Providence Health & Services, Hennepin Health and 2 Other Investors

Somatix (2015, New York City, $7.5M)Motion detection, analysis and management platform for preventative and rehabilitative healthcareMinicorn. Stage: Series A

Digitalis Ventures, Dreamit

Page 242: Tracxn - Healthcare Analytics Startup Landscape

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Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Healthcare Analytics

Index of Top companies by Market (23/25)

242

Healthcare Analytics > Appendix > Index of Top companies by Market

Health Engagement

Patient Engagement

Wildflower Health (2012, San Francisco, $6.8M)App to identify high risk pregnancies & assistanceMinicorn. Stage: Series B

Easton Capital, HealthTech Capital, Cambia Health Solutions and 5 Other Investors

InVivoLink (2008, Nashville, $4.9M)Care management platform for orthopedic and spine centersMinicorn. Stage: Series B

BlueCross BlueShield Venture Partners, Heritage Group

Holmusk (2014, Singapore, $3M)Predictive analytics & recommendation using personal health recordsMinicorn. Stage: Seed

Patient Engagement

Groove Health (2016, Chicago, $1.6M)Medication adherence risk prediction and patient engagement platformEditor's Pick. Stage: Seed

Noona (2014, Helsinki, $1.6M)Provides symptom reporting and patient monitoring bringing software for cancer care through mobile devicesMinicorn. Stage: Seed

Inventure, Noaber Services, Capricorn Venture Partners and 1 Other Investors

Moving Analytics (2013, Marina Del Rey, $1.2M)Home based cardiac rehab through mobile appMinicorn. Stage: Seed

OCA Ventures, Launchpad Digital Health, HealthX Ventures and 1 Other Investors

Patient Engagement

Triduum (1997, Wayne, $750k)Cloud-based behavioral integration platform for chronic disease managementEditor's Pick. Stage: Seed

NIDA

4D Healthware (2011, Chicago, $610k)Cloud based platform for chronic care managementMinicorn. Stage: Seed

TypeZero Technologies (2013, Charlottesville, $415k)Device for continuous glucose monitoring with manually operated insulin deliveryEditor's Pick. Stage: Seed

Center for Innovative Technology

burstIQ (2015, Denver, $250k)Cloud-based data aggregation platform for providersMinicorn. Stage: Seed

PV Ventures, 500 Startups

Page 243: Tracxn - Healthcare Analytics Startup Landscape

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Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Healthcare Analytics

Index of Top companies by Market (24/25)

243

Healthcare Analytics > Appendix > Index of Top companies by Market

Health Engagement

Patient Engagement

AllazoHealth (2011, New York City, $120k)Providing analytics services that improve medication adherenceMinicorn. Stage: Seed

NY Digital Health, Blueprint Health

X2AI (2014, Amsterdam, $100k)Conversation AI assistant for patient mental health supportMinicorn. Stage: Seed

Bridge 37 Ventures

HealthRhythms (2014, Cambridge)Mental health care and monitoringEditor's Pick. Stage: Funded

National Institutes of Health

Personso (2015, Delhi)Medical internet of things and data analytics startupEditor's Pick. Stage: Unfunded

Patient Engagement

Wanda Health (2011, San Francisco)Machine learning based remote patient management solutionsMinicorn. Stage: Unfunded

Scarlet Red (2014, Vienna)Medical device platform for remote skin tracking and digital skin analysisEditor's Pick. Stage: Unfunded

VitaCloud (2016, Bangalore)Electronic health record and analytics platformEditor's Pick. Stage: Unfunded

Voluntis (2001, Suresnes)Medical intelligence companion software for diabetes, oncology, coagulation & hemophiliaEditor's Pick. Stage: Unfunded

Zenzium (2012, Macclesfield)ML-based health intelligence solutions for chronic careEditor's Pick. Stage: Unfunded

Patient Engagement

VeriTeQ (1995, Delray Beach)Implantable RFID for in-vivo and in-vitro useIPO Date Oct 2010 Mcap $83.1kIPO Mcap -- VTEQ P/E 0.01

Page 244: Tracxn - Healthcare Analytics Startup Landscape

Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Healthcare Analytics - Jan 2018

Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Healthcare Analytics

Index of Top companies by Market (25/25)

244

Healthcare Analytics > Appendix > Index of Top companies by Market

EHR Platforms

EHR Platforms

Modernizing Medicine (2010, Boca Raton, $329M)Provides specialty-specific EMR with machine learning technologyUnicorn. Stage: Series E

Warburg Pincus, Pentland, Sands Capital Ventures and 4 Other Investors

Flatiron Health (2012, New York City, $314M)Cloud-based oncology platform offering analytics, billing and EHRUnicorn. Stage: Series C

Roche, Baillie Gifford, Casdin Capital and 11 Other Investors

Picis Clinical Solutions (1994, Wakefield, $34M)Clinical documentation, financial and operational solutions for healthcare providersStage: Acquired

Brown Brothers Harriman, 3i Group, Camden Partners Holdings and 3 Other Investors

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Funded Deadpooled Companies

245

Excludes all details for Chinese companies

Healthcare Analytics > Appendix > Funded Deadpooled Companies

View all 31 Deadpooled companies on Tracxn Platform

Funding Company Location

$3.4M Vital Labs San Francisco

$1.7M Senior Wellness Solutions

Miami Beach

$1.2M Penzata San Juan Capistrano

$650k BetterFit Technologies

Cambridge

$300k MedPal Even Yehuda

$295k CompassMD Cleveland

$120k Epy Brooklyn

$100k Medivantix Technologies

Miami

$50k Varsa Health Chicago

$40k Praccel Cleveland

InSample San Francisco

Cara Health Chicago

Tiba Health Durham

Index of Deadpooled companies in Healthcare Analytics

Page 246: Tracxn - Healthcare Analytics Startup Landscape

Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Healthcare Analytics - Jan 2018

Ashish BeriwalSenior Analyst

Arun PalaniappanAVP - Research

Bibin Richard CSenior Analyst

Team

246

For research queries write to us at [email protected]

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