NYC 2nd to San Fran in digital health funding

The New York City area ranked second in the nation in funding for digital health startups in the first half of 2016, with more than $750 million invested in 26 deals, according to a just-out study by wellness accelerator StartUp Health.

The Big Apple was topped only by the San Francisco area and beat out San Diego, Boston and Chicago in the Top 5.

Funding in Q1 and 2 totaled a record $3.9 billion, with more money being bet on fewer deals. The record full year was 2014, when investors poured $7 billion into 566 digital health plays.

Oscar, the New York-based health insurance platform, was one of the top deals in this year’s first half. Three of the top 10 investments were in tech-focused insurance. Oscar’s $400 million haul was topped only by China’s Ping An Doctor, which raised $500 million.

Other trends:

Asia and the Middle East are growing fast in the sector

Seed and Series A investments represented almost 65 percent of the deals

More than 7,600 startups are developing digital health solutions globally

The data includes seed, venture, corporate venture and private equity investments. The report’s full chart pack is available here.