About HealthTech SaaS
There are 16.7K companies in the HealthTech SaaS sector across the world, with 4.63K funded companies having collectively raised $80B in venture capital money and private equity. Overall 2.6K of these are Series A+ funded and the sector has seen the creation of 37 Unicorns.
HealthTech SaaS sector has seen 1.39K acquisitions and 181 IPOs. This represents almost 9.4% of all such companies - which is higher than the 4.9% 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.
Companies included in HealthTech SaaS sector
All B2B software that offers cloud-based, multi-tenant solutions for business functions like Marketing, HR, Sales, Business Intelligence in Healthcare spaceMarket Map of HealthTech SaaS
The market map of HealthTech SaaS gives a visual overview of the sector, showing key business models, their interactions in the value chain, and industry evolution.
Reports related to HealthTech SaaS
Here are some reports related to HealthTech SaaS sector:
Free
HealthTech SaaS - Sector Report
Edition: May, 2025 (106 Pages)
Premium
HealthTech SaaS Investor Landscape
Edition: December, 2024
View all reports related to HealthTech SaaS. Sign up today!Top Companies in HealthTech SaaS
There are more than 16.7K companies in HealthTech SaaS. athenahealth is the top HealthTech SaaS company globally, ranked using Tracxn Score (what's this?).
Here are 5 of the top HealthTech SaaS companies globally:
Company | Description | Location | Founded | Current Stage | Private Funding Raised |
|---|---|---|---|---|---|
Cloud-based administrative tool for healthcare providers | Watertown (United States) | 1997 | Acquired | $49.1M | |
Provider of virtual physical therapy and digital pain care solutions | San Francisco (United States) | 2015 | Public | $854M | |
AI and cloud-based EMR and practice management software for clinics | Boca Raton (United States) | 2010 | Acquired | $329M | |
Provider of clinical research and commercialization solutions for healthcare | Durham (United States) | 1982 | Public | $1.74M | |
Cloud-based practice management tool for providers | New York City (United States) | 2012 | Acquired | $314M |
Companies founded year-on-year in the HealthTech SaaS sector
8 new startups have been founded so far in 2026 in the HealthTech SaaS sector. 1,231 HealthTech SaaS startups 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 | 8 |
2025 | 226 |
2024 | 409 |
2023 | 737 |
2022 | 746 |
2021 | 936 |
2020 | 1,231 |
2019 | 894 |
2018 | 780 |
2017 | 886 |
Companies founded across countries in the HealthTech SaaS sector
United States has 7,751 HealthTech SaaS startups, the most by any country, followed by India which has 1,596 startups and United Kingdom which has 1,092.
- Total Number of Companies
Country | No. of companies |
|---|---|
United States | 7,751 |
India | 1,596 |
United Kingdom | 1,092 |
Canada | 717 |
Germany | 469 |
Australia | 396 |
China | 278 |
France | 272 |
Brazil | 244 |
Netherlands | 217 |
Stage-wise distribution of the HealthTech SaaS sector
Out of the total 16,686 HealthTech SaaS companies, 4,628 have secured funding. Among them, 2,596 have reached Series A or higher, and 2,040 to Series B or beyond.
Founded - 16,686
Funded - 4,628
Series A+ - 2,596
Series B+ - 2,040
Series C+ - 1,809
Company Stage | No. of companies |
|---|---|
Founded | 16,686 |
Funded | 4,628 |
Series A+ | 2,596 |
Series B+ | 2,040 |
Series C+ | 1,809 |
Want to know more about HealthTech SaaS ? Signup and explore Tracxn for free
- 16.7K+ Total Companies
- $80B+ Total Funding
- 4.6K+ Funded Companies
- 180+ IPOs
- 1.4K+ Acquisitions
Funding Trends in the HealthTech SaaS sector
Total funding year-on-year in the HealthTech SaaS sector
The HealthTech SaaS sector saw a total funding of more than $60.8B in the last 10 years. The most amount of funding was in 2021 at more than $12.5B. There has been a total funding of $1.09B in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $1.09B |
2025 | $7.82B |
2024 | $4.3B |
2023 | $5.05B |
2022 | $8.92B |
2021 | $12.5B |
2020 | $6.62B |
2019 | $5.44B |
2018 | $4.79B |
2017 | $4.2B |
Total funding across countries in the HealthTech SaaS sector
In the last 10 years, HealthTech SaaS startups in United States have recieved the highest funding among all countries - $46.2B. Canada follows with $2.48B and India with $2.4B.
- Total Funding
Country | Total Funding |
|---|---|
United States | $46.2B |
Canada | $2.48B |
India | $2.4B |
United Kingdom | $2.07B |
China | $1.82B |
France | $1.17B |
Germany | $729M |
Israel | $589M |
Spain | $512M |
Netherlands | $290M |
Total funding amount raised by stage in the HealthTech SaaS sector
Over the last 10 years, the HealthTech SaaS sector have seen $2.97B into Seed Stage funding rounds, $21.4B into Early Stage funding rounds and $26.9B go into Late Stage funding rounds.
Funding Stage | Total Funding |
|---|---|
Late Stage | $26.9B |
Early Stage | $21.4B |
Debt | $4.35B |
Post IPO | $3.32B |
Seed Stage | $2.97B |
Grant | $640M |
PE | $483M |
Other-Equity | $6.1M |
Recent Funding Rounds in HealthTech SaaS
In the year 2026, till April 2026, HealthTech SaaS companies have raised $917M in equity funding across 76 rounds.
In the same period last year (i.e. till April 2025), HealthTech SaaS companies had raised $3.35B across 138 rounds.
So, 2026 has seen a 72.59% drop in funding in HealthTech SaaS companies as compared to 2025.
Here are some recent, important funding rounds in HealthTech SaaS:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 5257 | Apr 01, 2026 | ||
Seed | 4718 | Mar 31, 2026 | and 4 more | |
Seed | 8613 | Mar 30, 2026 | ||
Series B | 1753 | Mar 26, 2026 | - | |
Series A | 7115 | Mar 23, 2026 |
Top Investors in HealthTech SaaS
HHS is the top investor in HealthTech SaaS companies based on number of companies invested.
Here are some top investors in HealthTech SaaS:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Washington, DC (United States) | ||
Mountain View (United States) | ||
Arlington (United States) | ||
New York City (United States) |
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M&A activity in HealthTech SaaS
In the year 2026, till March 2026, 23 acquisitions happened in HealthTech SaaS sector. Last year, in 2025, a total of 97 acquisitions happened in HealthTech SaaS sector.
Here are some recent, important acquisitions in HealthTech SaaS:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Mar 26, 2026 | ||
Business Acquisition | Mar 24, 2026 | ||
Business Acquisition | Mar 17, 2026 | ||
Business Acquisition | Mar 10, 2026 | ||
Business Acquisition | Mar 10, 2026 |
Acquisition trends in HealthTech SaaS
Here are the acquisition trends in HealthTech SaaS:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | 23 |
2025 | 97 |
2024 | 86 |
2023 | 94 |
2022 | 102 |
2021 | 155 |
2020 | 113 |
2019 | 107 |
2018 | 97 |
2017 | 122 |
IPOs in HealthTech SaaS
In the year 2026, till February 2026, 2 IPOs happened in HealthTech SaaS sector.
Here are some recent, important IPOs in HealthTech SaaS:
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
Companies founded by alumni from top colleges in the HealthTech SaaS sector
Most number of HealthTech SaaS startups have been founded by alumni from Harvard University, Stanford University and University of Pennsylvania.
College | No. of companies |
|---|---|
Harvard University | 166 |
Stanford University | 156 |
University of Pennsylvania | 115 |
Massachusetts Institute of Technology | 114 |
Harvard Business School | 97 |
University of California (Berkeley) | 57 |
University of Oxford | 53 |
Tel Aviv University | 51 |
Cornell University | 50 |
University of Toronto | 49 |
Total funding in companies founded by alumni from top colleges in the the HealthTech SaaS sector
In the last 10 years, Stanford University graduates' HealthTech SaaS companies 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 | $7.29B |
Harvard University | $6.52B |
Massachusetts Institute of Technology | $4.44B |
University of Oxford | $3.51B |
University of Cambridge | $2.95B |
Yale University | $2.58B |
University of California (Berkeley) | $2.29B |
Carnegie Mellon University | $2.14B |
University of Pennsylvania | $2.1B |
Harvard Business School | $2.08B |
Top News in HealthTech SaaS
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Building an ‘AI-Ready’ Healthcare Enterprise Using NIST and ISO FrameworksHIT Consultant•Mar 30, 2026•Xifin
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CareCloud Highlights Successful Preferred A Conversion, Reaffirms Growth OutlookGlobeNewswire•Mar 30, 2026•Electronic Care Corp
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Taking a Longer-Term View of Investing in Preventive CareHealthcare Innovation•Mar 18, 2026•Conifer Health Solutions
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Imprivata Introduces Agentic Identity Management to Secure and Govern AI AgentsHIT Consultant•Mar 12, 2026•Imprivata
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CareCloud Reports Record Net Income and First Full-Year Positive EPS Since IPOGlobeNewswire•Mar 12, 2026•Electronic Care Corp
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