A health app focused on tracking the menstrual cycle to deal with issues such as endometriosis has raised $1.7 million to launch an artificial intelligence (AI) health assistant for women. The round for Ovum was led by impact VC Giant Leap, supported by Antler, Victoria and Robyn Denholm’s Wollemi Capital, Nakatomi Venture Studio, LaunchVic’s female… Read more »
Diag-Nose.io, a Melbourne, biotechnology startup using artificial intelligence (AI) to help people breathe more easily, has raised $3.15 million in Seed funding. The round was led by state government investment fund Breakthrough Victoria, which chipped in $800,000. Other investors include Radar Ventures, Specialty Physician Associates, an international syndicate of physicians from leading hospitals including Houston… Read more »
A Sydney startup pioneering the use of artificial intelligence to analyse medical scans to rapidly identify potential diseases such as cancer, even before clinicians spot them, has taken on $32 million from the federal government’s signature National Reconstruction Fund Corporation (NRFC) as part of a planned $100 million+ Series C. Harrison.ai has trained generative AI… Read more »
Voluntary administration has not dampened the ambitions of medical device startup Seer Medical, which is seeking a buyer as it prepares to release the next generation of its epilepsy home monitoring and detection device in the United States. Administrator Lindsay Bainbridge of Pitcher Partners Melbourne said non-binding offers are being sought for Seer Medical for… Read more »
A medtech startup developing the world’s first arthroscopic (joints) surgical robot has raised $5 million in a Series A to crack the US market. Convergence Medical was backed by US investor Avicella Capital, at a valuation above $30 million. The funds will support plans to commercialise the robot, expand into the US to grab a… Read more »
Victorian startup NanoCube Health has been awarded $3 million in federal grant funding as part of a $7.3m plan to drive develop technology for early detection and treatment of pancreatic cancer. The medtech startup, which won last year’s SXSW Sydney pitch competition, sending cofounder Lisa Milani to Austin, Texas, to pitch at SXSW earlier this… Read more »
For millions with attention deficit hyperactivity disorder (ADHD), the traditional treatment is medications such as Ritalin and Adderall. But a Sydney medtech startup is hoping to change with with a headband that tracks and treats ADHD symptoms, without the side effects of drugs, in just 20 minutes daily. Neurode is the brainchild of neuroscientist Nathalie… Read more »
Life sciences accelerator MTPConnect has teamed up with health tech industry giants CSL and Roche Diagnostics to launch a new program backing startups tackling cardiovascular disease (CVD) and diabetes. The $28.5 million Targeted Translation Research Accelerator (TTRA) is backed by the federal government’s $22 billion Medical Research Future Fund and will look to back promising drugs… Read more »
Victoria’s Walter & Eliza Hall Institute (WEHI) for medical research as built a $66 million venture capital war chest to back medtech startups over the next decade, turning the institute’s work into commercial biotech companies. The strategic investment fund, 66ten, managed by WEHI Ventures, will back pre-Seed and Seed rounds in the hope of bridging… Read more »
Medical staffing platform Go Locum, which connects doctors with temporary roles in regional and remote areas, has raised $350,000 in Seed funding from Darwin VC Paspalis. This round will support the software startup’s international expansion plans and the launch of an app to streamline locum (fill-in doctor) recruitment in Australia. Go Locum was founded by… Read more »
The annual Cicada x Tech23 event returns to Sydney on August 7, and in the coming weeks, in partnership with the team from Cicada, Startup Daily will profile the 23 deep tech startups selected to be part of the day. They span five key themes – systems, Cicada CEO Sally-Ann Williams calls them – and… Read more »
Budget cuts and ongoing criticism of the state government-backed Breakthrough Victoria have not slowed its capital deployment, with $5 million invested in medtech manufacturing startup Neo-Bionica. Founded in 2021 as a joint initiative of the Bionics Institute and the University of Melbourne and based at St Vincent’s Hospital Melbourne, Neo-Bionica was developed to fill a… Read more »
Australian disability tech accelerator Remarkable has backed a US med tech startup reducing urinary tract infection (UTI) risks in a US$6 million (A$9.1m) Seed raise. The round for New York medtech startup Aurie, was led by existing investor Lakehouse Ventures. Founded in 2018, Aurie has developed a reusable, no-touch, intermittent catheter system used by people… Read more »
Victoria’s (and Australia’s) future prosperity is dependent on knowledge-intensive companies that collaborate, innovate, and commercialise successful products globally. But to survive and reach commercial success, these companies must be able to access funding at key stages of their development. Without this, they will fail. In turn, we will fail to create a self-sustaining human healthcare… Read more »
GP-focused administration medtech Heidi Health has raised $10 million in a Series A. The round was once again led by Blackbird Ventures, with support from Hostplus, Hesta, Wormhole Capital, Archangel Ventures, Possible Ventures and Saniel Ventures. Heidi (rebranded from Oscar) previously raised $5 million in a Seed round led by Blackbird. The software platform enlists… Read more »
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