Business

Breakthrough Victoria-backed epilepsy monitoring startup Seer Medical revived with $40 million heart starter

- April 17, 2025 2 MIN READ

Seer Medical will get a second life after the metech startup’s administrators found three investors willing to back the business with $40 million. Creditors signed a Deed of Company Arrangement with neurodiagnostic equipment manufacturer Cadwell Industries, existing investor Breakthrough Victoria, and Singapore’s TrialCap in a deal worth $40m. All three will take an equity position… Read more »

George Kenley, Dean Freestone, Mark Cook
Business

Administrators for epilepsy diagnostic medtech Seer Medical seek a buyer, with US expansion still on the cards

- January 28, 2025 2 MIN READ

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 »

George Kenley, Dean Freestone, Mark Cook
Business

Breakthrough Victoria-backed epilepsy medtech Seer Medical placed in voluntary administration

- January 7, 2025 4 MIN READ

Troubled Victorian medical device startup Seer Medical has been placed in voluntary administration amid a product recall and legal battle with its ousted cofounder. Lindsay Bainbridge and Andrew Yeo from Pitcher Partners Melbourne were appointed administrators on January 6 following a pre-Christmas board meeting where the medtech’s directors voted to hand over the books. Pitcher… Read more »

Dean Freestone
Business

The cofounder of Seer Medical is fighting investor Breakthrough Victoria in court, claiming he was unfairly dismissed from the startup

- December 20, 2024 3 MIN READ

The Victorian government’s controversial $2 billion venture fund has been embroiled in an unfair dismissal case launched by the cofounder of one of its portfolio companies. Seer Medical founder Dr Dean Freestone launched Federal Court action against the company he helped launch and Breakthrough Victoria earlier this year, alleging he was forced out of the… Read more »