Venture capital funding to startups providing predictive and prescriptive data and analytics to healthcare companies more than doubled last year.
In the past two years, data analytics startups have attracted $198m across 41 deals and deal activity in the segment shows signs of heating up this year, said the report.
Companies that have received venture investments in the year to date include Zephyr Health and Lumiata, which are backed by Kleiner Perkins and Khosla Ventures, respectively.
Notable deals included a $41m round raise by data storage and analytics firm Health Catalyst from Sequoia Capital, Norwest Venture Partners, and Kaiser Permanente Ventures last month.
Funding to analytics companies surged 108 per cent year on year in 2013, while the number of deals jumped 40 per cent.
Series A rounds accounted for 60 per cent of deal activity in the past two years.
However, the report noted that mid-stage deals have seen a strong year on year increase thanks to additional funding raised by companies such as Predilytics, which is backed by Google Ventures, and ArborMetrix.
Massachusetts accounted for a quarter of healthcare analytics deals since the beginning of 2012, followed by New York and Silicon Valley.
Notably, nearly half of all deal activity took place outside of major venture hubs ranging from Michigan to Florida and Utah.
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