Health tech startup Consultmed, which set out to “axe the fax” for specialist referrals, has raised $1.2 million in its first venture capital round. Sydney early-stage VC Investible led the raise, supported by healthcare professionals who use the digital healthtech’s product. Consultmed will use the funds to expand its digital platform across hospitals and healthcare… Read more »
Melbourne-founded fintech Airwallex is the latest Australian startup to hit unicorn status following the closing of a US$100 million ($141 million) Series C round led by DST Global.
Mobile workforce management startup Skedulo has raised $40 million (US$28 million) in a Series B round led by Microsoft’s venture capital arm M12.
With venture capital funding hitting new records in Australia, it’s easy to forget that not all startups find funding.
HubSpot is the latest company to move into the corporate venture capital space, building on its handful of investments with the launch of a dedicated US$30 million ($41.5 million) fund.
Venture capital investment into Australian startups grew 1.4 percent in 2017 to hit US$555.63 million ($698 million), though the number of deals fell from 185 in 2016 to 135.