A medical invention created in regional Victoria has been snapped up by the US healthcare network, Premier Inc. in a lucrative commercial deal for medtech startup Livac. The LiVac retractor is a single-use soft silicone device that uses suction to create a vacuum to join organs such as the liver and spleen to the diaphragm… Read more »
Sydney medtech startup Vexev has raised $8.5 million to ramp up the global expansion of its 3D medical imaging device. The round was led by San Francisco based deep-tech VC Neotribe Ventures with Blackbird chipping in, alongside, vascular surgeons and imaging firms, Propeller founder Rory San Miguel and Dovetail’s Benjamin Humphrey The new capital is… Read more »
Clinical trials access startup HealthMatch has raised $10 million in Series C. The round was led by the company’s original backer, Folklore Ventures. Paul Bassat’s Square Peg Capital led an $18 million Series B in the Sydney-based startup in December 2020, also invested in the Series C. Square Peg also led a $6 million series A… Read more »
Melbourne medtech startup Nutromics has raised US$14 million (A$20.5m) for its wearable diagnostic platform as it looks to ramp up its expansion in Australia and the US. The round was led by the venture arm of US medical device company Dexcom alongside VU Venture Partners, and Artesian Investments. Nutronics has now raised more than US$20… Read more »
HealthMatch, a five-year-old medtech that’s like Tinder for clinical trials, matching researchers with patients, has been forced to halve its team, shedding 18 jobs, as the local tech sector braces for a long startup winter. The cuts come 18 months after Paul Bassat’s Square Peg Capital led an $18 million round in the Sydney-based startup, which… Read more »
Canberra medical imaging startup Aurabox has raised $500,000 in Angel investment to transform how doctors and patients collaborate and share medical imaging. Founded in 2021, Aurabox is a software-as-a-service platform that enables the seamless sharing of medical imaging between doctors and patients. The medtech startup plans to use the funds to complete technical development and run… Read more »
Melbourne-based epilepsy monitoring startup Epi-Minder has raised $16 million bridge financing round. The raise was backed by existing shareholders including Cochlear, the Bionics Institute, the University of Melbourne and Seer Medical, as well as private investors. The venture plans to use the cash to expand clinical trials for epilepsy monitoring device, Minder, as well as… Read more »
Is gaming good or bad for us? That generally depends on your view on gaming overall. But can it make you more productive at work? Well one startup is testing the theory, with medical virtual reality company Vantari VR is encouraging its staff to game during work hours. It seems counter-intuitive, but co-founders and co-CEOs,… Read more »
A New Zealand medtech startup that’s developed the world’s first automated 3D planner for joint replacement surgeries has raised US$5 million. The round coincides with Formus Labs launching its orthopedic surgery planning solution which provides surgeons with unprecedented insight into the pre-operation planning process. The investment was led by New Zealand VC firm GD1 (Global… Read more »
For many men and women, becoming a parent isn’t an easy journey. And while the focus on reproductive health is mostly on women, up to half (40–50%) of all infertility cases actually relate to men When Ashwin Ramachandran’s uncle spent more than $80,000 to have his first child, he saw there was a huge gap… Read more »
NSW is making a play to be at the cutting edge of drug and vaccine development with a new university-based lab and pre-clinical trial space to create early-stage mRNA and RNA-based drugs. mRNA is the new science behind the Pfizer and Moderna Covid vaccines. While Australia has played a key role in research and development… Read more »
Medical technology startup Seer has raised $34 million in a series A as it looks to expand internationally. Medtech giant Cochlear, multi-family office EWM Group, SG Hiscock and impact investor Giant Leap backed the round. Seer’s technology is focused on clinical monitoring at home, developing devices checking key physiological signals, such as brain, heart and… Read more »
A Melbourne medtech building hypnosis-based therapeutic apps to help people self-manage a range of illnesses has raised a US$5 million (A$6.5m) seed round. San Francisco angel investor and startup founder James Beshara led the round for Y Combinator-backed Mindset Health joined by Giant Leap, Banana Capital, Fifty Years, and several angel investors. Mindset Health partners with health… Read more »
Ground-breaking research by computer scientists at RMIT University has developed an artificial intelligence model that can hear the effects of Covid-19 in the sound of a forced cough, even when people are asymptomatic. While the idea is not new, scientists at Cambridge University and MIT have been investigating the concept, the work at RMIT’s School… Read more »
Virtual reality startup Vantari VR, which has developed the medical version of a flight simulator for doctors, has scored a US$100,000 (A$131k) grant from US video games giant Epic Games, the company behind smash hit video game Fortnite. The Epic MegaGrants are designed to assist game developers and others use Unreal Engine, the commercial game engine… Read more »
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