While Minnesota’s Medical Alley has always been known for its collection of leading healthcare organizations (Mayo Clinic, Medtronic, UnitedHealth Group, St. Jude Medical, et al), you can add the start-up and digital health boom to the growing list of Medical Alley leadership positions.
In 2016, start-up health technology companies accounted for a majority of the investment deals in Medical Alley. With more than $400M invested in Medical Alley start-up and early stage companies and total digital health investment up more than 540% since 2012, Medical Alley is one of the nation’s hottest markets for health technology and care companies.
Bright Health’s $80M raise in April set the pace and the momentum looks to be carrying into 2017 as more traditional investors scout deals in Medical Alley and there continues to be a significant increase in investments by strategics and angels.
Look for the full 2016 Medical Alley Investment Report coming soon!