New data released by the Medical Alley Association shows the region is on pace for a record-setting 2019 and paints a clear picture of a new mentality within healthcare beginning to form. As healthcare shifts from volume to value, startup investment in Medical Alley is attracting a group of investors that had previously invested in other segments like retail, AI and SaaS. This new type of investor, combined with improved market access via payers and providers, helped companies grow more quickly in Q1 than ever before.
Medical Alley companies raised $167 million in investment in 2019s first quarter, easily breaking last years Q1, which held the previous five-year high of $112 million. 2019s Q1 record was powered by a medical device sector that had its best Q1 since 2015, raising $133.3 million in total, led by Nuvairas quarter-best $79 million Series E raise.
For the first time since 2015, Medical Alley startups median raise for a quarter broke $2 million, a 136% year-over-year increase on the heels of a 30% year-over-year increase from 2017 to 2018. Medical Alleys early-stage companies are largely responsible for the improved median raise: five of the 10 largest rounds this quarter came from companies taking their Series B round or earlier and of the top 13 rounds, seven were either Series A or seed rounds.
To learn more and see the full report, visit Medical Alley here.
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Founded in 1984, the Medical Alley Association supports and advances the global leadership of Medical Alleys healthcare industry, and its connectivity around the world. MAA delivers the collective influence, intelligence and interactions that support Medical Alley.