Global health tech community
We launched Health Tech 50 platform to recognise investors allocating capital to speed up the transformation of traditional healthcare. A celebration of the most powerful accomplishments across the global health tech community, this initiative acts as a reference point for VCs, LPs and entrepreneurs across the globe.
Investors changing the landscape of health
Put them on your radar – Health Tech 50 is a list of 50 most prominent investors staying ahead of the curve. Big bets, brave decisions and bold vision of these VCs helped many founders scale their solutions and move us all closer to the future of more accessible healthcare.
TOP VCs of 2023
series A VC
series B VC
The Health Tech 50 ranking methodology was created by Kilo Health and Galen Growth. We sought to craft a methodology that would incorporate metrics that define a great investor. We reached beyond traditional financial performance metrics, taking into account less traditional metrics such as the portfolio companies’ maturity score, and partnership score to reflect interconnectedness and collaborative potential of the companies in the portfolio with external entities. Lastly, we did not forget you - the digital health community. Your voice also counts.
In the Health Tech 50 ranking, Venture Capital investors are ranked based on 10 distinct metrics. We have split the metrics into two separate groups: direct and indirect metrics.
These metrics take into account the investment activity of the investor. We only included investments into technology-enabled healthcare products and services that contribute to people‘s wellbeing, quality of lives, improve healthcare delivery, and speed up the transformation of the traditional healthcare sector. Investments into pharmaceutical, biotechnology and related innovations are not included into Health Tech 50 ranking.
There are seven direct investor metrics used in our methodology. Each metric was taken into account while calculating the overall Investor Score. Each direct metric has its own weighting. All seven direct metrics combined represent 67,5% of the final Investor Score.
Seven direct metrics are as follows:
Metric #1: Companies invested in the year 2019 (Pre-Covid19): number of investments into new health tech companies over the year 2019 (2019.01 - 2019.12).
Metric #2: Companies invested in years 2020 and 2021 (During-Covid19): number of investments into new health tech companies over the years 2020 and 2021 (2020.01 - 2021.12).
Metric #3: Companies invested in years 2022 and 2023 (Post-Covid19): number of investments into new health tech companies over the years 2022 and 2023 (2022.01 - 2023.11).
Metric #4: Exits (year 2019 (Pre-Covid19)): number of exits (health tech companies only) completed by the investor over the year 2019 (2019.01 - 2019.12).
Metric #5: Exits (years 2020 and 2021 (During-Covid19)): number of exits (health tech companies only) completed by the investor over the years 2020 and 2021 (2020.01 - 2021.12).
Metric #6: Exits (years 2022 and 2023 (Post-Covid19)): number of exits (health tech companies only) completed by the investor over the years 2022 and 2023 (2022.01 - 2023.11).
Metric #7: Portfolio companies (with a valuation above $100M): number of health tech companies in the portfolio valued above $100M.
Indirect metrics take into account the non-investment related activity of the investor. Three indirect investor metrics were taken into account while calculating the overall Investor Score. Each indirect metric has its own weighting. All three indirect metrics combined represent 32,5% of the final Investor Score.
Three indirect metrics are as follows:
Metric #8: Alpha score: an average investor / fund portfolio score as of 2023.11.01.
Metric #9: Partnership score: reflects interconnectedness and collaborative potential of the companies in the portfolio with external entities, indicating the overall network influence and potential growth opportunities.
Metric #10: Public score: number of public votes cast for the investor by the public on the HealthTech50.com platform by 17th of November, 2023.
To be included in the list, investors have to have minimum 5 investments during 2019-2023 and minimum 2 new investments during the last period (after-Covid9) 2022.01 - 2023.11
The final Investor Score is derived based on 10 distinct metrics, and investors are ranked accordingly in the final Health Tech 50 list. The list is dynamic, Metric #10 will change during the voting period, and the final Health Tech 50 list will be published on the 28th of November, 2023. The cut-off time for public votes is November 17, 2023, 23:59 CET.
Navigating the rebalanced investment landscape
Digital health has embarked on a wild journey, but the tides have changed.
Investors are now more capital conscious, signifying a departure from the past era – when funds flowed freely for any innovative concept that emerged.
Although this shift may appear discouraging in the short term, adopting a wider perspective uncovers a realm of investment opportunities. The current landscape remains remarkably favourable for venture capitalists, and the ongoing recalibration simply ushers us into a more balanced playing field.
As the market undergoes this readjustment, Health Tech 50 takes centre stage. An annual publication with the most relevant names in the game, it acknowledges the efforts of investors who employ every strategy at their disposal to expedite progress in healthcare.