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Investment Report Details Record Year for Medical Alley Startups

What to know about the Medical Alley Startup Investment Report from:

  • Medical Alley startups raised a record $1.4 billion in 2020, $4 million more than 2019
  • The total was dominated by Bright Health — the health insurance company clocked in at $500 million (the fourth-highest healthcare raise in the country)
    • Preventice Solutions, a company specializing in mobile health solutions, secured the second highest amount raised with $137 million
    • Bind, another health insurance company, raised $105 million to come in third
  • 12 Medical Alley startups were acquired in 2020

There’s more data in the full report. You can also learn more about Bright Health and Bind.

Medical Alley Association

Alex Skjong
Alex oversees the content produced for BETA, Twin Cities Startup Week, and When he’s not writing or editing, there’s a good chance he’s enjoying a refreshing brew and explaining the merits of heavy metal (of which there are many).