Digital Health explosion adds to Medical Alley’s historical strengths to secure record high $227M in investment capital.
Minnesota’s Medical Alley continues to define the health technology market for investors. Investment in health technology in Minnesota is up 75% over the past 4 years, including a record level of $445M in 2015. 2016 is already demonstrating that the trend of increased investment is continuing. In the first half of this year, 64 Medical Alley companies raised a record high of $227M in investment, beating the previous high of $213M set in 2009. Q2 was particularly strong, closing at $174M, second only to Q4 2015 ($191M). The growth is being driven by an increasingly diverse health technology industry . While the medical device sector remains a dominant global player and strong investment continues (2016 second highest half in last 5 years), for the first time digital health attracted the largest share of Q2 dollars…
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