Why Ohio health care startups saw a 206% funding increase in 2017

Story excerpt provided by Venture Beat.
Written by Peter Wilkins.

While there are a number of Midwestern cities that are home to promising health care startups, including Minneapolis and Chicago, Ohio is quickly positioning itself as a major player. The state has seen an influx of funding to health care and life sciences startups, and it produced one of the biggest Midwest startup exits of the year.

Earlier this year, one of the biggest successes in Ohio tech history — the $1.1 billion sale of CoverMyMeds to San Francisco-based McKesson Corp — became a core driver of this trend.

According to Hyde Park Angels‘ own research, drawn from Pitchbook, Mattermark, and internal data sources, Ohio startups raised a total of $574.7 million in venture funding this year, 69 percent of which went to health care companies. Additionally, of the 111 deals done in Ohio, 38 percent of them were in health care, and of the 14 exits in 2017, its largest was in health care.

Click here to read the complete article.
Originally published December 18, 2017.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: