Better Caring, a peer-to-peer marketplace for aged care and disability support services has today announced a raise of $3 million from Ellerston Ventures.
Four Australian healthtech startups have secured a total of $8.6 million in funding from the NSW Department of Health. The funding comes from the Government’s Medical Device Fund [MDF] and will help the chosen startups to develop and commercialise their innovations.
Australian healthtech startup mPort has today announced the signing of an $80 million deal with American health club chain LA Fitness. As part of the deal, the AFR reports the fitness club has already installed eight mPods, which will, over seven years grow to reach six million of its members across 700 of its gyms.
As part of the 2016 Spark Festival- a nine-day celebration of startup culture, the University of Sydney is set to host Australia’s first ever pitch event for medical cannabis technology. The pitch event, named Seedlings will discuss the combined regulatory, technological and logistical challenges the emerging cannabis industry faces in Australia.
Sydney healthtech startup CancerAid has announced the close of a $1.25 million Series B round, bringing the total valuation of the startup to $4.25 million. The app was created to help organise a patient’s cancer journey, helping sufferers to self manage their treatment and expectations.
The fund is focused on making investments into Series A and Series B rounds, with its smallest investment to date being US$750,000 and its largest being US$3 million.
Melbourne healthtech startup HealthKit, which has created a practice management system for private practices and a health management platform for patients, has raised $1.6 million in a Series A round led by a Melbourne-based family office investor, with participation from existing investors.
Ask the Australian Government about our nation’s healthcare system and it will tell you that it is broken. From WellOne’s healthcare membership system to health job search platform HealthcareLink, the number of Australian startups that have emerged in the sector over the last few years confirms that there are quite a few problems to be solved.
The fitness industry has undergone a major transformation; an industry that previously thrived on telling customers what to buy, now has tech savvy customers that already know exactly what they want to achieve and what products they want to buy or classes they want to attend in order to implement the changes they desire.
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