Insurance Technology Sector Overview - Q1 2019

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This blog post examines the different components of the insurance technology (insurtech) ecosystem. We will illustrate what the categories of innovation are and which categories have the most companies. We will also compare the categories in terms of their funding and maturity.

Insurance Comparison/Marketplace Is The Largest Insurance Technology Category

Let’s start off by looking at the Sector Map. We have classified 1,541 insurtech startups into 14 categories. They have raised $28B from 1,447 investors. The Sector Map highlights the number of companies in each category. It also shows a random sampling of companies in each category.

Insurance Technology Logo Map

We see that Insurance Comparison/Marketplace is the largest category with 416 companies. These companies enable consumers to compare different insurance providers or buy insurance of any kind (car to home to health). Some example companies are Goji, Policygenius, CoverHound, and Coverfox.

Let’s now look at our Innovation Quadrant to find...

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Insurance Technology Report Highlights  – Q1 2019

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Here is our Q1 2019 summary report on the insurance technology startup sector. The following report includes a sector overview and recent activity.

Insurance Technology Slideshare Title

Insurance Technology Sector Summary

Insurance Technology Sector Map

Insurance Technology Quarterly Highlights

Insurance Technology Innovation Quadrant

Insurance Technology Funding Over Time

Insurance Technology Funding By Category

Insurance Technology Investors Over Time

Insurance Technology Exits Over Time

About Venture Scanner

Insurance Technology Slideshare End

To learn more about our complete insurance technology dynamic report, visit us at www.venturescanner.com or contact us at [email protected].

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Health Technology Sector Overview - Q1 2019

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This blog post examines the different components of the health technology ecosystem. We will illustrate what the categories of innovation are and which categories have the most companies. We will also compare the categories in terms of their funding and maturity.

Digital Medical Devices is The Largest Health Technology Category

Let's start off by looking at the Sector Map. We have classified 2,334 health technology startups into 22 categories. They have raised $88B from 3,843 investors. The Sector Map highlights the number of companies in each category. It also shows a random sampling of companies in each category.

Health Technology Logo Map

We see that Digital Medical Devices is the largest category with 324 companies. These companies build IT-enabled medical and diagnostic devices for doctors. These devices include detection equipment, monitoring equipment, and surgical tools. Some example companies include Signostics, MediBeacon, Stimwave, and AliveCor.

Let's now look at our Innovation Quadrant to...

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Health Technology Exit Activity Dipped in 2018

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As we make our way through Q1 of 2019, let's look back on 2018 and analyze how exit activity for health technology compares to previous years. The graphic below shows total annual health technology exit events over time.

Health Technology Exits Over Time

As the graphic demonstrates, 2018 saw a drop in health technology exit activity compared to the previous year. The 67 exit events in 2018 represent a 9% decrease from the 74 exit events in 2017, which was the highest year on record for exit activity. However, health technology exits are still on a general upward trend, with a 5-year CAGR of 25% from 2013 to 2018. Some of the exit events in 2018 include AveXis's acquisition by Novartis for $8.7B, Flatiron Health's acquisition by Roche for $1.9B, and PillPack's acquisition by Amazon for $1B.

To learn more about our complete health technology dynamic report, visit us at www.venturescanner.com or contact us at [email protected].

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Insurance Technology Exit Activity Declined in 2018

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As we make our way through Q1 of 2019, let's look back on 2018 and analyze how exit activity for insurance technology (insurtech) compares to previous years. The graphic below shows total annual insurtech exit events over time.

Insurance Technology Exits Over Time

As the graphic demonstrates, 2018 saw a drop in insurtech exit activity compared to the previous year. The 22 exit events in 2018 represent a 44% decrease from the 39 exit events in 2017, which was the highest year on record for exit activity. However, insurtech exits are still on a general upward trend, with a 5-year CAGR of 22% from 2013 to 2018. 

To learn more about our complete insurance technology dynamic report, visit us at www.venturescanner.com or contact us at [email protected].

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Health Technology Investors With the Most Activity

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The health technology industry has seen $84B in total all time funding. Let's analyze the investors financing the health technology sector and identify the most active firms. 

The graphic below highlights health technology investors based on the number of investments made in the sector. If an investor participates in two investment rounds in the same company (such as a Series A and Series B), that would qualify as two investments for this analysis.

Health Technology Investors With Most Investments

As the graphic demonstrates, New Enterprise Associates has made the most bets in the health technology sector with 88 investments. Khosla Ventures follows with 80 investments. Examples of companies that New Enterprise Associates has invested in include Bright Health, Paladina Health, 23andMe, and Collective Health. The two CVCs rounding out the list include GE Ventures and GV.

To learn more about our complete health technology dynamic report, visit us at www.venturescanner.com or contact us at [email protected].

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Health Technology Funding Hails Record Year in 2018

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Now that 2018 is complete, let’s examine how funding in health technology compares to previous years. The graphic below shows the total annual health technology funding amounts over time. 

Health Technology Funding Over Time

As the graphic demonstrates, 2018 experienced the highest health technology funding on record at $17.2B. It constitutes a slight 1% increase from the previous year’s funding. Some of the largest funding events in 2018 include a $550M round for Peloton, a $500M round for WeDoctor, a $500M round for Moderna Therapeutics, and a $375M round for Oscar Health. Over the past 5 years, health technology funding grew at a CAGR of 35%. It’ll be interesting to see if its funding will dip in 2019 or reach even higher levels.

To learn more about our complete health technology dynamic report, visit us at www.venturescanner.com or contact us at [email protected].

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Insurtech Funding Remained Stable in 2018

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Now that 2018 is complete, let’s examine how funding in insurance technology (insurtech) compares to previous years. The graphic below shows the total annual insurtech funding amounts over time. 

InsurTech Annual Funding Over Time

As the graphic demonstrates, insurtech funding in 2018 was around the $3.8B mark. It represents a meager 2% increase from the previous year’s funding. Some of the largest funding events in 2018 include a $375M Corporate round for Oscar Health, a $300M Series B for Devoted Health, a $200M Series F for Policybazaar, and a $200M Series C for Bright Health. Nonetheless, insurtech funding grew at a CAGR of 18% from 2013 to 2018. We’re now eager to see if its funding can break away from its relatively steady state and into a growth phase again!

To learn more about our complete insurance technology dynamic report, visit us at www.venturescanner.com or contact us at [email protected].

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Health Technology Report Highlights  – Q4 2018

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Here is our Q4 2018 summary report on the health technology startup sector. The following report includes a sector overview and recent activity.

Health Technology Slideshare Title

Health Technology Quarterly Highlights

Health Technology Sector Summary

Health Technology Sector Map

Health Technology Innovation Quadrant

Health Technology Funding Over Time

Health Technology Funding By Category

Health Technology Investors Over Time

Health Technology Exits Over Time

About Venture Scanner

Health Technology Slideshare End

To learn more about our complete health technology dynamic report, visit us at www.venturescanner.com or contact us at [email protected].

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Health Technology Sector Overview - Q1 2019

Venture Scanner

This blog post examines the different components of the health technology ecosystem. We will illustrate what the categories of innovation are and which categories have the most companies. We will also compare the categories in terms of their funding and maturity.

Digital Medical Devices Is the Largest Health Technology Category

Let’s start off by looking at the Sector Map. We have classified 2250 health technology startups into 22 categories that have raised $81 billion. The Sector Map highlights the number of companies in each category. It also shows a random sampling of companies in each category.

Health Technology Sector Map

We see that Digital Medical Devices is the largest category with 307 companies. These companies build IT-enabled medical and diagnostic devices for doctors. These devices include detection equipment, monitoring equipment, and surgical tools. Some example companies include Signostics, MediBeacon, Stimwave, and AliveCor.

Let’s now look at our Innovation Quadrant to find out...

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IoT Fitness and Digital Medical Devices Lead Health Technology Funding

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We previously highlighted that health technology funding had the highest quarter on record in Q3 2018. This blog post will take a closer look at the funding trends within the individual health technology categories. Per our analysis, we notice two key takeaways:

The IoT Fitness category leads the sector in Q3 funding
The Digital Medical Devices category leads the sector in all-time funding

We’ll highlight these takeaways with some graphics and discussions below.

The IoT Fitness Category Leads Health Technology In Q3 Funding

To start off, let’s review the amount of funding raised this quarter per category within health technology.

Health Technology Latest Quarter Category Funding

The above graphic highlights that the IoT Fitness category leads the sector in Q3 funding with $0.9B. The Digital Medical Devices category follows in the second place with $0.8B.

IoT Fitness companies create connected devices that track fitness and exercise metrics. Such devices include healthy eating trackers, exercise tracking wristbands, and...

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Health Technology Startup Highlights  – Q3 2018

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Here is our Q3 2018 summary report on the health technology startup sector. The following report includes a sector overview and recent activity.

Health Technology Slideshare Title

Health Technology Splash Slide

Health Technology Sector Map

Health Technology Innovation Quadrant

Health Technology Total Category Funding

Health Technology Quarterly Funding Over Time

Health Technology Recent Funding Rounds

Health Technology Recent Exit Events

Health Technology Company Count by Country

About Venture Scanner

Health Technology Slideshare End

To learn more about our complete health technology report and research platform, visit us at www.venturescanner.com or contact [email protected].

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Genomics and Digital Medical Devices Lead Health Technology Funding

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We’ve previously found that health technology funding is on an overall upward trend. Now we are taking a closer look on our health technology research platform to compare funding by category. Our analysis reveals two observations:

  • The Genomics category leads the sector in Q2 funding
  • The Digital Medical Devices category leads the sector in all-time funding

We’ll highlight these observations with some graphics and discussions below.

The Genomics Category Leads Health Technology In Q2 Funding

To start off, let’s review the amount of funding raised this quarter by each category within health technology.

The above graphic highlights that the Genomics category leads the sector in Q2 funding with just under $1B. Its funding is 1.4 times the funding of the next category, Digital Medical Devices at $700M.

Genomics companies utilize human genome data for analytics, prevention, and treatment. Some example companies in this category are 23andMe, Helix, and Counsyl. 

...

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Health Technology Startup Highlights  – Q2 2018

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Here is our Q2 2018 summary report on the health technology startup sector. The following report includes a sector overview and recent activity.

To learn more about our complete health technology report and research platform, visit us at www.venturescanner.com or contact [email protected].

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Insurance Technology Sector Overview - Q1 2018

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The insurance technology sector has seen an abundance of activity over the past few years. As we previously analyzed, insurtech funding has shown early signs of maturation and its exit events have seen robust growth.

We will now do a deeper dive of the different components of insurance technology and how they make up this startup ecosystem. We have classified the companies into 14 categories. This blog post will illustrate what these categories are and which categories have the most companies. We will also look at how these categories compare with one another in terms of their funding and maturity.

Insurance Marketplace Is the Largest Insurance Technology Category

Let’s start off by looking at the Sector Map for the insurance technology sector. As of March 2018, we have classified 1503 insurance technology startups into 14 categories that have raised $22 billion. The Sector Map highlights the number of companies in each category. It also shows a random sampling of companies in...

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Health Technology Sector Starts Maturing

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As we previously noted, health technology funding is experiencing robust growth. We've now gone one level deeper in our analysis on our Health Technology Report and Research Platform and determined that the health technology sector is starting to mature.

This conclusion comes from two key observations:

  • Funding amount percentages showed a slight shift to later stages
  • Funding count percentages showed a clear shift to later stages

 

We’ll explain these key observations with some graphics and discussions below.

 

To help set the stage, the graphic below highlights health technology funding amounts over time. As you can see, the sector’s overall funding demonstrated consistent growth.

Healthtech Funding by Quarter

Health Technology Funding Amount Percentages Shifting Slightly to Later Stages

Let’s examine the health technology funding amounts by round as a percentage of the total funding amount by year.

Healthtech Funding Amount Percentages

The above graph indicates that there has been a slight shift to later-stage...

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Health Technology Startup Highlights  – Q1 2018

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Here is our Q1 2018 summary report on the health technology startup sector. The following report includes an overview, recent activity, and a category deep dive.

Health Technology Slideshare Title

Health Technology Slideshare Intro

Health Technology Sector Summary

Health Technology Splash Slide

Health Technology Sector Map

Health Technology Innovation Quadrant

Health Technology Annual Funding Over Time

Health Technology Quarterly Funding Over Time

Health Technology Exit Events Over Time

Health Technology Latest Activity

Health Technology Funding Round Counts

Health Technology Quarterly Category Funding

Health Technology Recent Funding Events

Health Technology Recent Acquisition Events

Health Technology - Digital Medical Devices

Health Technology Venture Investing

Health Technology Category Funding Quartiles

Digital Medical Devices Annual Funding Amounts

Digital Medical Devices Companies with Largest Funding Amounts

About Venture Scanner

Venture Scanner Process

Health Technology Slideshare End

To learn more about our complete health technology report and research platform, visit us at www.venturescanner.com or contact [email protected].

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Health Technology Sector Overview - Q1 2018

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The Health Technology sector contains companies focused on the digitization of healthcare across the value chain from the providers, to the payers, to the patients and consumers. They often optimize existing medical practices, provide health information to individuals, or create new frontiers in medicine.

In this post we examine the different components of Health Technology and how they make up this startup ecosystem. On our Health Technology research platform, we have classified the companies into 22 categories. This blog post will illustrate what these categories are and which categories have the most companies. We will also look at how these categories compare with one another in terms of their funding and maturity.

Digital Medical Devices Is the Largest Health Technology Category

Let’s start off by looking at the Sector Map for the Health Technology sector. As of March 2018, we have classified 2139 Health Technology startups into 22 categories that have raised $64 billion....

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Insurance Technology Showing Early Signs of Maturation

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Last quarter we saw that Insurance Technology (insurtech) funding continued on a healthy trend. This quarter we are going one level deeper on our insurtech research platform to examine its funding by round. From our analysis we can conclude that the insurtech sector is showing early signs of maturation.

This conclusion comes from two takeaways:

  •      Funding amounts are showing variable innovation
  •      Funding counts are shifting to mid-stage events

We’ll explain these takeaways with some graphics that show insurtech funding activity by round.

To help set the stage, the graphic below illustrates insurtech funding events over time. As you can see, the sector’s funding events saw consistent growth year over year. 

Insurance Technology Funding Count by Quarter

Insurtech Funding Amounts Showing Variable Innovation

We’ll start off by examining the annual insurtech funding amounts. The below graph shows recent insurtech funding amounts in different rounds.

InsurTech Funding Amount by Round

Insurtech funding...

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Insurance Technology Funding Continues on a Healthy Trend

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The Insurance Technology (insurtech) sector is seeing a lot of activity. How have its funding trends evolved over time? On our insurtech research platform, we have analyzed the data through 2017 and can conclude that the investments in insurtech continue on a healthy trend despite a decline in certain metrics.

We have come to this conclusion from the following three takeaways:

  •      The number of insurtech deals has been growing consistently year over year
  •      The number of insurtech investors participating in the deals has been on an upward trend
  •      Insurtech funding amounts have seen a decline over the last few years

We will illustrate these takeaways with a series of graphics to show the trend of insurtech investments over time.

Annual Insurtech Funding Events Growing Consistently

We will start off by examining the annual number of insurtech startup funding deals, stacked by quarters.

Insurance Technology Funding Count by Quarter

This graph illustrates that the number of...

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