VC investments in health IT, digital health soar to $1.62 bn: Mercom report

Health appointment booking companies attracted funds worth $315 mn from venture capital firms

Venture capital (VC) funding into the global health information technology (IT) and digital health segments in the first three months of 2017 grew over the preceding quarters to $1.62 billion in 165 deals. Indian firm Practo, backed by various fundraising projects during the period, emerged as one of the global leaders in the segment, according to data compiled by the Mercom Capital Group. 

Health appointment booking companies such as Practo and Doctolib bagged investments worth $315 million, the highest in the sector. The mobile wireless, data analytics and telemedicine segments also attracted investments from VCs, Mercom Capital's data revealed.

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