As omens go, epilepsy medtech Epiminder’s ASX debut on Monday, perhaps the stock exchange’s outage to start December wasn’t the best of signs. A technical glitch meant price-sensitive announcements couldn’t be published for several hours and 50 ASX-listed companies were forced into trading halts. Epiminder’s (ASX: EPI) initial public offering (IPO) at $1.50 per share… Read more »
Sydney startup Medow Health AI, which is using artificial intelligence (AI) to automate medical reports for specialist doctors has raised $3 million in new funding from the clinicians who backed its first raise earlier this year. Medow Health was cofounded by Joel Freiberg, who has Crohn’s disease, and his brother Josh, inspired by the time… Read more »
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 »
Cytophenix, an infection management medtech using rapid antimicrobial susceptibility tests to quickly identify effective antibiotics for patients, has raised $1.3 million in pre-Seed funding. Founded in 2023 by a team of expert researchers, clinicians, and engineers, including Dr Kieran Mulroney, Dr Christine Carson, Sherief Khorshid, Teagan Paton, James Telders and Tim Inglis, Cytophenix is a… Read more »
Nutromics’ latest raise adds fuel to its push for continuous molecular monitoring in the ICU, with vancomycin the first target and a local advanced-manufacturing play on the table.
Not-for-profit medical products investor and accelerator MTPConnect has backed 14 Australian science companies with a combined $12.07 million to develop new devices and drugs. The funding comes from MTPConnect’s Targeted Translation Research Accelerator (TTRA) Drugs and Devices program, which is backed by the federal government’s $24 billion Medical Research Future Fund. The ideas span cardiovascular disease… Read more »
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 »
The CEO and cofounder of StrongRoom AI allegedly conceded to EVP investor Misha Saul that the company’s revenue and debt figures were “wilful fraud”. Details of an extraordinary conversation and confession by CEO Max Mito were outlined in submissions in Federal Court legal action by the Sydney VC, after it successfully applied to freeze the… Read more »
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 »
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