About two-fifths of the startups in CB Insights’ second annual Digital Health 150 list are engaged in telehealth, a high-demand area amid the COVID-19 pandemic.
That is one of the big takeaways from the list of 150 promising digital health startups that CB Insights released today. CB Insights’ research team picked the 150 startups after using the company’s platform to evaluate nearly 8,000 startups on factors including patent activity, business relations, investor profile, news sentiment analysis, proprietary Mosaic scores, market potential, competitive landscape, team strength and tech novelty. (Download the full report here.)
The 62 telehealth startups on the list include telemedicine platforms such as cardiology platform Heartbeat Health (New York), virtual visit platform Doctor On Demand (San Francisco), and Livi medical app creator KRY (Stockholm, Sweden). There are remote monitoring and diagnostics companies including Oura (Oulu, Finland) and its wellness smart ring, Element Science (San Francisco) and its patch-based wearable cardioverter defibrillator, and Dental Monitoring (Paris) and its smartphone-based dental scans. Other companies such as Omada Health (San Francisco) and Virta Health (San Francisco) are providing therapy and coaching for people with diabetes.
Demand for such companies’ offerings has skyrocketed as brick-and-mortar platforms add telehealth offerings to better manage patients during the pandemic, according to CB Insights.
Check out this chart with the logos of the 150 companies:
Other highlights from this year’s Digital Health 150 include:
- There are 26 startups seeking to improve drug research and development, an area hard-hit as the COVID-19 pandemic interrupts clinical trials. Drug discovery companies include Healx (rare diseases) and ProteinQure (quantum computing). In the clinical trials space, there’s Unlearn (digital twins) and Medable (decentralized trials). Verana Health, TriNetX and Nference meanwhile have offerings related to real-world evidence.
- As of Aug. 10, the 150 startups had raised more than $20 billion in funding across more than 600 deals.
- The list includes 12 unicorns (companies valued at more than $1 billion). The unicorns include Ro (New York), a telehealth platform that provides remote care and medication delivery services; Oscar Health (New York) and its tech-enabled health insurance platform; and CMR Surgical (Cambridge, U.K.) and its robotic surgical system that assists surgeons during procedures.
