Perth telehealth and medicine delivery startup Hola Health has raised $4.5 million in a pre-Series A. The round was led by M8 Ventures, marking a return to investing for partners Alan Jones and Emily Rich, four years after they put the fund on ice as Covid hit. The raise also included follow-on capital from FundWA… Read more »
Having broken new ground in health tech for high-risk situations, Canaria Technologies is taking its next giant leap – to infinity and beyond. The Brisbane-based startup is gearing up to take its pioneering tech in predictive biometrics to the next frontier: outer space. Canaria’s wearables, which combine data about how the human body functions with… Read more »
Brisbane online prescription startup Midnight Health has raised $15 million in a Series B with ASX-listed insurer nib stumping up the cash for a third time 19 months to own more than three-quarters of the business. nib’s investment comes as regulators crack down on the sector, forcing medtech companies to shift from online applications for… Read more »
Melbourne healthtech startup, MoreGoodDays has raised $3.5 million for a digital solution to managing chronic pain. The round was led by Blackbird, with support from impact fund Giant Leap, Side Stage Ventures, the Snow Foundation, and LaunchVic’s female-focused sidecar investment program, the Alice Anderson Fund. Neala Fulia and Helena Ngo co-founded the healthtech platform to… Read more »
Vively.com.au, a metabolic wellness platform, has raised $1.5 million in an oversubscribed pre-Seed round led by Archangel Ventures. Vively uses constant glucose monitoring via an arm patch to help people understand how their diet and lifestyle is affecting their metabolic health in real-time. The funding will be used on product development and growth to capture… Read more »
Brisbane startup Midnight Health has taken on a $12 million Series A investment from health insurer, nib, which values the 18-month-old healthtech brand builder at $48 million. The latest backing follows on from a $4 million initial investment from nib in November 2021. The fresh capital is earmarked towards technology investment, more staff, new product… Read more »
WA mining billionaire Andrew Forrest has turned his investment attention to the health tech sector, with a new $250 million venture capital fund. The VC, Tenmile, is being backed by Tattarang, the Fortescue Metal Group founder’s private investment company. Tenmile will target startups focused on unmet medical needs that support sustainable and equitable healthcare, offering seed… Read more »
Digital healthcare platform has raised $5 million in a follow-on investment from ASX-listed venture fund Bailador Technology Investments. Bailador (ASX:BTI) has already tipped $16.6 million into InstantScripts, and the latest capital injection has defied the current trend of plunging startup valuations, with the VC saying the valuation at the latest round has resulted in a… Read more »
Kiwi healthtech software platform Carepatron has raised NZ$1.6 million in pre-seed funding to develop its collaborative health workspace The round was led by trans-Tasman VC Blackbird. The Kiwi startup has bootstrapped until now and will use the cash injection to grow its global team and deliver its product and growth vision. Carepatron was founded by… Read more »
Sydney healthtech startup Human has raised $10.15 million in Seed funding. The raise was led by Airtree Ventures, supported by Skip Capital, the family VC of Kim Jackson and her husband, Atlassian co-founder Scott Farquhar. Human was cofounded by former Canva head of product Georgia Vidler and her colleague Kate Lambridis, who believe people need… Read more »
A new venture capital fund, XT Ventures, led by Craig Lambert, founder of corporate innovation firm Slingshot, is on the hunt for startups in the sport, fitness, wellness and health sectors, with backing from health fund HCF. HCF’s tipped in a $5 million cornerstone investment in the XT Ventures High Performance Fund I, LP, through… Read more »
Victoria’s startup agency LaunchVic, is partnering with the state’s health authority VicHealth to harness the power of entrepreneurship and innovation to tackle of the key health issues of young people with a new accelerator program. The VicHealth X LaunchVic CivVic Challenge is looking for aspiring founders and early stage startups keen to find solutions that… Read more »
Health insurance fund Medibank Private has taken a minority stake in telehealth app Medinet with a $10 million investment. The app offers 24/7 telehealth consultations with a GP as well as door-to-door prescription delivery. The funds will be used to scale and develop the platform’s technology. Founded in 2019 by a group health care professionals,… Read more »
Sydney-based digital health startup Andi Health has raised $600,000 in pre-seed funding. The round was led by Melbourne VC Brenteca Investments. The cash is for Andi to build what it says is “the world’s first human health coach in your pocket”. Andi’s subscription-based health management platform integrates a range of health devices and analytics, combining them… Read more »
ANDHealth has revealed the five startups chosen to be a part in its Medical Research Future Fund (MRFF) funded ANDHealth+ program. Australia’s only not-for-profit digital health commercialisation organisation is sharing a pool of $3.75 million in funding between the five ventures via the ANDHealth Digital Health Accelerator Fund. The five-month program also includes more than… Read more »
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