About HealthTech SaaS sector in North America
The HealthTech SaaS sector in North America comprises 10.6K companies, including 3.13K funded companies having collectively raised $71.7B in venture capital money and private equity. Out of these, 1.93K are Series A+ funded, and 37 have achieved unicorn status.
HealthTech SaaS sector in North America has seen 1.13K acquisitions and 57 IPOs. This represents almost 11.2% of all such companies - which is higher than the 4.0% exit rate of tech companies in general.
This sector includes companies providing cloud-based, multi-tenant and subscription or on-demand B2B software applications for health applications.
HealthTech SaaS sector is also known as HealthTech SaaSTech, HealthTech SaaS-Tech, Digital HealthTech SaaS or HealthTech SaaS Technology Solutions.
All B2B software that offers cloud-based, multi-tenant solutions for business functions like Marketing, HR, Sales, Business Intelligence in Healthcare space are included in this sector. Excludes standalone consumer-facing health or fitness applications (B2C), traditional on-premise legacy medical records software that lacks cloud-native multi-tenancy, custom single-tenant software built exclusively for individual hospital networks, medical equipment manufacturers, and pure-play offline digital healthcare consulting or non-software healthcare outsourcing services.
Top HealthTech SaaS Companies in North America
There are 10,619 HealthTech SaaS startups in North America which include athenahealth, Hinge Health, Mindbody, ModMed, IQVIA. Out of these, 3,126 startups are funded, with 1,933 having secured Series A+ funding, and 37 achieving unicorn status.
2026 has seen the creation of 344 HealthTech SaaS startups in North America. Over the past 10 years, an average of 415 new companies have been launched annually. Notably, several of these startups have been founded by alumni of Harvard University, Stanford University and University of Pennsylvania.
Here is the list of top HealthTech SaaS startups in North America
1. athenahealth
Cloud-based administrative tool for healthcare providers. The company has developed EHR, practice management, and population health solutions. The features include EHR, practice management, revenue cycle management (RCM), patient engagement, population health services, care coordination, clinical decision support, and more.
Key facts about athenahealth
- Founded Year: 1997
- Location: Watertown (United States)
- Stage: Acquired
- Total Funding till date: $49.1M
- Investors: The Lambda Funds, Ares Capital Corporation and 12 Others
- Latest Funding Round: Series B, Apr 27, 2004, $*****
- Tracxn Score: 86/100 What is this?
- Competitors Rank: 1 of 4,645 Competitors
2. Hinge Health
Provider of virtual physical therapy and digital pain care solutions. It offers personalized care combining expert clinical care and advanced technology. The platform includes exercise demonstrations, personalized goal setting, and communication with a care team. A women's pelvic health program is also available, addressing various needs throughout a woman's life. The company aims to improve mobility, aid injury recovery, and prepare patients for surgery.
Key facts about Hinge Health
- Founded Year: 2015
- Location: San Francisco (United States)
- Stage: Public
- Total Funding till date: $854M
- Investors: Tiger Global Management, Coatue and 14 Others
- Latest Funding Round: Series E, Oct 22, 2021, $*****
- Tracxn Score: 84/100 What is this?
- Competitors Rank: 1 of 482 Competitors
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3. Mindbody
Provider of SaaS-driven business management software for beauty salons and fitness centers. It enables businesses to manage classes, appointment schedules, staff members, client information, online bookings, inventory, payroll, retail sales & more. It also provides a platform for users to book workouts at home via the virtual assistant.
Key facts about Mindbody
- Founded Year: 2001
- Location: San Luis Obispo (United States)
- Stage: Acquired
- Total Funding till date: $118M
- Investors: Catalyst Investors, Bessemer Venture Partners and 13 Others
- Latest Funding Round: Series D, Mar 18, 2019, $*****
- Tracxn Score: 82/100 What is this?
- Competitors Rank: 1 of 1,003 Competitors
4. ModMed
Cloud-based EMR and practice management software for clinics. The company is focused on specialty-specific EHR, practice management, revenue cycle management, patient engagement, and AI-enabled documentation tools.
Key facts about ModMed
- Founded Year: 2010
- Location: Boca Raton (United States)
- Stage: Acquired
- Total Funding till date: $329M
- Investors: Summit Partners, Pentland and 9 Others
- Latest Funding Round: Series F, May 10, 2017, $*****
- Tracxn Score: 81/100 What is this?
- Competitors Rank: 2 of 4,645 Competitors
5. IQVIA
Provider of clinical research and commercialization solutions for healthcare. It offers services across research and development, real-world evidence generation, and commercialization, along with safety and regulatory compliance solutions. The company caters to life science segments, including consumer health, emerging biopharma, generics, medtech, and pharmaceutical manufacturers. It also serves healthcare segments such as information partner services, financial institutions, global health organizations, government entities, patient associations, payers, and providers. It provides technologies and products for clinical, commercial, compliance, safety, and real world applications.
Key facts about IQVIA
- Founded Year: 1982
- Location: Durham (United States)
- Stage: Public
- Total Funding till date: $1.74M
- Investors: Europa, HHS and 12 Others
- Latest Funding Round: Grant (prize money), Dec 01, 2023, $*****
- Tracxn Score: 80/100 What is this?
- Competitors Rank: 3 of 857 Competitors
Companies founded year-on-year in the HealthTech SaaS sector in North America
344 new startups have been founded so far in 2026 in the HealthTech SaaS sector in North America. 597 HealthTech SaaS startups in North America were founded in 2020 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | 344 |
2025 | 343 |
2024 | 374 |
2023 | 420 |
2022 | 390 |
2021 | 438 |
2020 | 597 |
2019 | 443 |
2018 | 397 |
2017 | 413 |
Stage-wise distribution of HealthTech SaaS sector companies in North America
Out of the total 10,619 HealthTech SaaS companies in North America, 3,126 have secured funding. Among them, 1,933 have reached Series A or higher, and 1,543 to Series B or beyond.
Founded - 10,619
Funded - 3,126
Series A+ - 1,933
Series B+ - 1,543
Series C+ - 1,369
Company Stage | No. of companies |
|---|---|
Founded | 10,619 |
Funded | 3,126 |
Series A+ | 1,933 |
Series B+ | 1,543 |
Series C+ | 1,369 |
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Funding Trends in the HealthTech SaaS sector in North America
Total funding year-on-year in the HealthTech SaaS sector in North America
The HealthTech SaaS sector in North America saw a total funding of more than $53.1B in the last 10 years. The most amount of funding was in 2021 at more than $9.59B. There has been a total funding of $3.18B in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $3.18B |
2025 | $6.3B |
2024 | $3.38B |
2023 | $4.04B |
2022 | $8.15B |
2021 | $9.59B |
2020 | $5.71B |
2019 | $4.5B |
2018 | $4.17B |
2017 | $4.03B |
Recent Funding Rounds in HealthTech SaaS in North America
In the year 2026, till September 2026, HealthTech SaaS companies in North America have raised $2.32B in equity funding across 184 rounds.
In the same period last year (i.e. till September 2025), HealthTech SaaS companies in North America had raised $3.67B across 207 rounds.
So, 2026 has seen a 36.71% drop in funding in HealthTech SaaS companies in North America as compared to 2025.
Here are some recent, important funding rounds in HealthTech SaaS companies in North America:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Series A | 4071 | Sep 28, 2026 | ||
Series A | 4392 | Sep 24, 2026 | ||
Seed | 5511 | Sep 16, 2026 | ||
Seed | 6385 | Sep 16, 2026 | ||
Series C | 3743 | Sep 11, 2026 | and 5 more |
Top Investors in HealthTech SaaS in North America
HHS is the top investor in HealthTech SaaS companies in North America based on number of companies invested.
Here are some top investors in HealthTech SaaS companies in North America:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Washington, DC (United States) | ||
Mountain View (United States) | ||
Arlington (United States) | ||
New York City (United States) | ||
Boston (United States) |
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M&A activity in HealthTech SaaS sector in North America
In the year 2026, till September 2026, 53 acquisitions happened in HealthTech SaaS sector in North America. Last year, in 2025, a total of 77 acquisitions happened in HealthTech SaaS sector in North America.
Here are some recent, important acquisitions in HealthTech SaaS sector in North America:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Sep 15, 2026 | ||
Business Acquisition | Sep 03, 2026 | ||
Business Acquisition | Sep 01, 2026 | ||
Business Acquisition | Aug 25, 2026 | ||
Business Acquisition | Aug 18, 2026 |
Acquisition trends in HealthTech SaaS sector in North America
Here are the acquisition trends in HealthTech SaaS sector in North America:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | 53 |
2025 | 77 |
2024 | 57 |
2023 | 64 |
2022 | 75 |
2021 | 123 |
2020 | 87 |
2019 | 93 |
2018 | 88 |
2017 | 97 |
IPOs in HealthTech SaaS in North America
In the year 2026, till February 2026, 2 IPOs happened in HealthTech SaaS sector in North America.
Here are some recent, important IPOs in HealthTech SaaS sector in North America:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Feb 27, 2026 | National Association of Securities Dealers Automated Quotations (NASDAQ) | |
Feb 05, 2026 | National Association of Securities Dealers Automated Quotations (NASDAQ) | |
Dec 05, 2025 | Australian Securities Exchange (ASX) | |
Aug 08, 2025 | National Association of Securities Dealers Automated Quotations (NASDAQ) | |
May 22, 2025 | New York Stock Exchange (NYSE) |
Colleges which produce the most HealthTech SaaS companies in North America
Companies founded by alumni from top colleges in the HealthTech SaaS in North America
Most number of HealthTech SaaS startups in North America have been founded by alumni from Harvard University, Stanford University and University of Pennsylvania.
College | No. of companies |
|---|---|
Harvard University | 135 |
Stanford University | 114 |
University of Pennsylvania | 88 |
Massachusetts Institute of Technology | 85 |
Harvard Business School | 61 |
University of California (Los Angeles) | 49 |
University of California (Berkeley) | 48 |
Cornell University | 46 |
Columbia University | 41 |
Carnegie Mellon University | 35 |
Total funding in HealthTech SaaS companies founded by alumni from top colleges in North America
In the last 10 years, Stanford University graduates' HealthTech SaaS companies in North America have raised the most funding among top colleges. Harvard University alumni are second, and Massachusetts Institute of Technology alumni are third.
College | Total Funding |
|---|---|
Stanford University | $6.42B |
Harvard University | $5.41B |
Massachusetts Institute of Technology | $3.86B |
University of California (Berkeley) | $2.21B |
University of California (Los Angeles) | $2.19B |
Yale University | $2.18B |
University of Cambridge | $1.71B |
University of Pennsylvania | $1.62B |
University of Toronto | $1.58B |
Harvard Business School | $1.56B |
Top News in HealthTech SaaS in North America
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FDA Grants Breakthrough Designation to Glytec’s Glucommander PediatricsHospital Management•Sep 25, 2026•Glytec
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Athenahealth Expands EHR Features for Value-Based Care SuccessHealthcare Innovation•Sep 24, 2026•athenahealth
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DeepHealth Receives FDA Clearance for Chest X-Ray AI SolutionAPPLIED RADIOLOGY•Sep 23, 2026•DeepHealth, Gleamer
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Radformation Receives USFDA 510(k) Clearance for OptiPlan Automated VMAT PlanningBusiness Wire•Sep 21, 2026•Radformation
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ProBio and Kun Tuo Partner to Accelerate Innovative Therapies in ChinaContract Pharma•Sep 18, 2026•IQVIA, Qualified
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MEDITECH Completes Expanse EHR Deployment Across 34 HCA Healthcare HospitalsHIT Consultant•Sep 16, 2026•HCA, MEDITECH
