Nearly $5 million in funding has been awarded to 12 Western Australian innovators and startups working on local health and medical innovation projects The ideas, many from academics and WA’s universities span tests for liver cancer to heart monitoring, endometriosis diagnosis, asthma treatment and more, were funded from the Innovation Seed Fund 2024-25 Program. The state… Read more »
Ahead of the TechStars Sydney ‘Demo the Future’ evening on December 8, Startup Daily is profiling the 12 startups and their founders in the 2025 cohort. Our next profile is OncoRevive – a health-tech startup which detects cancer early, leading to vastly improved patient outcomes. OncoRevive Founders: Dr. Mohammad Tavakkoli and Dr. Samira Sadeghi One-liner: Detect… Read more »
Healthcare startup NexusMD has raised in $6.3 million Seed funding from Square Peg to help hospital staff automate and save time on administrative tasks using AI. NexusMD develops customised artificial intelligence (AI) agents that integrate with existing hospital systems to help doctors, nurses, and medical staff save time and costs on admin to focus on… Read more »
A tech platform that helps doctors transcribe medical notes faster from conversations with patients has raised $12 million, valuing the two-year-old startup at $50 million. The round for Melbourne-based Lyrebird Health was led by Five V Capital and UK fund Octopus Ventures, with support from Startmate. The AI-powered medical scribe generates clinical documentation from patient-doctor… Read more »
Probably the last time the NRL talked about testicles was 12 years ago when former Souths forward Sam Burgess copped a two-match ban for a “squirrel grip” tackle on a Melbourne Storm player. But this weekend, as the rugby league fans gather for Magic Round in Brisbane, medical researcher and entrepreneur Saara Jamieson from Cool… Read more »
A Californian healthtech startup cofounded by a 20-something expat Australian has raised US$30 million (A$47m) in a Series A to build a “health super-app”. The raise for San Francisco-based Superpower, founded in 2023 by former Sydneysider Max Marchione, the COO, Jacob Peters, CEO and Kevin Unkrich, CTO, values the startup at US$200m as a long… Read more »
Woolworths is having a bet each way after selling chips, soft drinks and grog to its customer, investing in a Western Australian telehealth startup’s $6 million Series A. The round for Hola Health follows a $4.5 million pre-Series A 12 months ago, that marked a return to VC investing for Alan Jones and Emily Rich… Read more »
A medication management, patient engagement, and analytics software startup for the pharmaceutical industry, has raised $17 million. The round for StrongRoom AI was led by the EVP Opportunities Fund, with support from existing investors Artesian Venture Partners and InterValley Ventures. The funding will be used for domestic and international expansion, and product innovation. The Melbourne… Read more »
AI-based doctor clinical notes taker Heidi Health has raised a further $26.8 million (US$16.6m) to top up its 18-month-old Series A. The follow-on investment was led by US VC Headline (formerly e.ventures and BV Capital), which sees Heidi as Australia’s next Canva or Atlassian supported by Local Globe, Anthology (Menlo Ventures and Anthropic) . Existing… Read more »
An eight-year-old health tech startup helping elderly people live safely at home has scored $2 million in funding, led by Breakthrough Victoria. Umps Health is developing sensors and AI for proactive aged care at home. Breakthrough Victoria invested alongside Intervalley Ventures, with follow-on funding from existing investors Sprint Ventures, the Cerebral Palsy Alliance, the 5Point… Read more »
This is the second edition of Giant Leap’s deep dive series, where its investment team explores the technologies and approaches addressing global problems of climate, health and people with commercial solutions (the 1st edition on the future of sustainable aviation here). In this deep dive into femtech, senior investment associate Katarina Throssell share her insights… 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 »
The Australian Society for Medical Entrepreneurship and Innovation (ASME) is among seven organisations backed by LaunchVic as part of a $2.4 million program to create pre-accelerator programs to help aspiring founders understand startup life. ASME has partnered with MTPConnect to deliver the Australian Clinical Entrepreneur Program (AUSCEP) in Victoria. It offers clinicians the resources, mentorship… Read more »
Ahead of Startmate Demo Day on May 2 in Sydney at Blackbird’s Sunrise, Startup Daily is profiling the 10 startups involved. Today it’s Everbility, which is using AI to cut the admin for allied health workers. When Angela Mariani and Mani Batra went on their first date in 2020, their shared passion for startups had them seeing… Read more »
Health insurance company Bupa has launched a $20 million VC fund, Bupa Ventures, to back Australian healthcare startups. Bupa Ventures will support early-stage investment from Seed to Series A and will look to support startups across a broad spectrum of health sectors. Its early focus includes predictive and preventative healthcare, genomics, home care and remote monitoring,… Read more »
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