1.
Snapsho: Wearables and Health Startup
Landscape
Hartti Suomela
00.00.2014

2.
Wearables

3.
Categorization?
3 9/24/2014 © Finpro

4.
Overview: Wearables
• $1.4 billion has been invested into startups in wearables over the last 5 years
• Funding rose 135% in 2013
• Annual funding record already achieved in the first 8 months in 2014
• California: 77% of funding and about 50% of companies backed
• Activity trackers are dime in a dozen
– For example Jawbone and Misfit have announced their apps will work with
anyone’s device -> moving from device manufacturer to a platform
– Activity tracking is now a feature, not a product
• FDA approval or not? Depends…

5.
Enablers
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6.
Biggest VC Fundings in Wearables
Rank Company HQ Funds
1. Jawbone San Francisco $470.8M
2. Fitbit San Francisco $66M
3. mc10 Cambridge, MA $63M
4. mCube San Jose $37M
5. Withings France $34M
6. Ineda Santa Clara & India $26M
7. Misfit Wearables Redwood City $23M
8. Zepp Labs Los Gatos $20M
9. Quanttus Cambridge, MA $19M
10. Recon Instruments Vancouver, B.C., Canada $17M
Note: Pebble has gotten $26M, but $10M is through Kickstarter campaign
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Source: CB Insights
Looking for additional $100M?

7.
Selected Wearables Exits
Company Valuation Exit Select Investors
GoPro $3.1B IPO (2014) US Venture Partners, Walden
International
Oculus VR $2B Acquired by Facebook
(2014)
Founders Fund, AZ16, Spark
Capital, Formation 8
myBasis $100M Acquired by Intel
(2014)
Norwest Venture Partners,
Mayfield Fund, Intel Capital
BodyMedia $100M Acquired by Jawbone
(2013)
DFJ, Comcast Ventures
7 9/24/2014 © Finpro
Source: CB Insights

8.
Most Active VCs in Wearables
Rank VC Companies Including
1. True Ventures 6 Fitbit (San Francisco)
2. Andreessen Horowitz 5 Oculus VR (Irvine)
2. Kohsla Ventures 5 Jawbone (San Francisco)
4. First Round Capital 4 Thalmic Labs (Ontario)
4. Bessemer Venture Partners 4 OMSignal (Montreal)
4. Intel Capital 4 Basis Science (San Francisco)
7. The Social + Capital
Partnership
3 FiLIP Technologies (New York)
7. Eniac Ventures 3 Dekko
7. KPCB 3 mCube (San Jose)
7. Doll Capital Management 3 Athos Works and Basis Science
7. Horizons Ventures 3 Misfit Wearables (Daly City)
8 9/24/2014 © Finpro Source: CB Insights

9.
A few words about
Health companies…
9/24/201
4
9© Finpro

10.
Big Health/Biotech Fundings of Q2/2014
Silicon Valley
Company Amount Business desc.
Proteus Digital Health $119.45M Digital medicines company
Coherus Biosciences $55.63M Biologics platform company
Avalanche Biotechnologies $55.13M Gene therapies for serious eye diseases
Doximity $54M Operates professional medical network
for doctors
Benvenue Medical $40M Medical solutions and biomaterial for
spine repair
Spinal Kinetics $33.85M Medical device company
Guardant Health $31.5M Cancer test based on blood samples
EndoGastric Solutions $30.64M Surgery solutions for gastroesophageal
reflux disease
ARMO Biosciences $30M Biotechnology company
10 9/24/2014 © Finpro Source: Silicon Valley Business Journal

11.
Overview: Health & Biotech
• In H1/2014 VC investments in health & health IT companies was over $2.2B!
– Q2/2014: VCs invested $632M in biotech companies
• Almost fivefold increase since 2012
• California leads the way in VC investments (2x no 2 Massachusetts) – 37% of the deals
• 1/3 of the healthcare VC investments are in medical devices!
• More and more start-ups are getting FDA approvals
– AliveCor: Mobile app and smartphone case to monitor heart health
– Vital Connect: Bandaid size patches (HeathPatch) to measure heart rate, breathing,
stress levels, skin temperature and other vital signs
• Moving to digital health coaching
– MyFitnessPal acquired Sessions
– WeightWatchers acquired Wello
– Omada Health, Kurbo Health have raised some serious funding
• Biohacking
– OpenPCR: open source hardware, software, and protocols to detect the presence of a
particular DNA sequence
– DIYbio: do it yourself biotechnology
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12.
Where is the Smart VC Money Going?
In Healthcare, That Is…
• Health cost transparency
– Firms include Stride Health (NEA, Kleiner Perkins), Pokitdok (CRV), GetInsured
(Bessemer Venture Partners) and Eligible (Andreessen Horowitz).
• Big data healthcare analytics
– Firms include Comprehend Systems (Sequoia Capital), Zephyr Health (Kleiner
Perkins), Health Catalyst (Sequoia Capital) and SolveBio (Andreessen Horowitz).
• Quantified self
– Firms include both software and wearable tech startups including MyFitnessPal
(Kleiner Perkins, Accel), Jawbone (Sequoia, Khosla, Kleiner Perkins, Andreessen
Horowitz), Misfit (Founders Fund, Khosla), Pebble (CRV).
• Real-time healthcare (including telehealth)
– Firms include Doctor on Demand (Andreessen Horowitz, Google Ventures),
Healthtap (Khosla Ventures), First Opinion (Felicis Ventures, Greylock Partners) and
TalkSpace (Spark Capital).
12 9/24/2014 © Finpro Source: CB Insights

13.
Thanks!