It's Friday, so it is time for the Avory Chart of the Week!
The healthcare system for years has been stuck behind regulations, limited funding, and lacked technology innovation. The future of health is digital.
Last week we toured the Peloton headquarters in New York City. An impressive seven-story facility with over 80 engineers, a high tech research lab, and a silicon valley feel. The facility was a powerful measurement of the digital health industry. Furthermore, the chart above highlights the top digital health funding rounds in 2017. There were 794 deals in 2017, up from 155 in 2010, and the top 10 companies raised a total of $3B. Peloton was number two on the list, raising $360M which valued the company at nearly $1.25B. Peloton is a perfect example of how technology not only inspires better products but provides connectivity amongst users, which was not possible ten years ago. The overall funding was spread out across wellness, analytics, and forms of personalized health platforms. We believe that the combination of technology and funding will allow for a more robust and efficient health care marketplace while offering compelling long-term investment opportunities.
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Sean D. Emory
Avory & Co. Founder & Chief Investment Officer
Disclaimer: This is not a recommendation for purchase or sale of any securities.
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