2016 was a record-setting year for venture capital funding for health IT companies, with investment exceeding $5 billion for the first time, according to research firm Mercom Capital Group. In particular, mobile health as a technology category set a new record, with $2.1 billion in VC funding.

Overall, last year saw 622 deals worth $5.1 billion in investments, representing 9 percent in year-over-year growth compared to 574 deals which raised $4.6 billion in 2015.

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