When was Consultmed founded?

Consultmed was founded in 2019 and raised its 1st funding round 3 years after it was founded.

Where is Consultmed located?

Consultmed is headquartered in Sydney, Australia.

Who is the current CEO of Consultmed?

Vikram Palit of Consultmed. They have also founded 1 company.

How many employees does Consultmed have?

As of May 31, 2026, the latest employee count at Consultmed is 29.

Is Consultmed a funded company?

Consultmed is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on Apr 14, 2022.

When was the latest funding round of Consultmed?

Consultmed's latest funding was a $***** Seed round on Apr 14, 2022, with participation from 1 investor.

Where does Consultmed rank among its competitors?

Consultmed ranks 15th amongst 80 active competitors, of which 9 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Updoc, which secured $13.3M in May, 2024.

Who are the top competitors of Consultmed?

Consultmed's top competitors include Updoc, Instant Consult and Hola Health. Among them, Updoc secured the most recent funding round in May, 2024.

Consultmed - 2026 Company Profile, Team, Funding & Competitors

Consultmed is a seed company based in Sydney (Australia), founded in 2019 by Vikram Palit. It operates as a Digital teleconsultation and health management tool for providers and patients. Consultmed has raised $1.2M in funding from Investible. The company has 80 active competitors, including 9 funded and 3 that have exited. Its top competitors include companies like Updoc, Instant Consult and Hola Health.

Company Details

Company offers an online platform for digitalization of referrals of patients from primary to secondary healthcare providers, with data encryption and online health portals.

Website: www.consultmed.co/
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Email ID: *****@consultmed.co

Key Metrics

Founded Year

2019

Location

Sydney, Australia

Stage

Seed

Total Funding

$1.2M in 1 round

Latest Funding Round

Seed, Apr 14, 2022, $*****

Investors

Investible

Ranked

15^th among 80 active competitors

Employee Count

29 as on May 31, 2026

Similar Companies

Mosaic Wellness & 4888 more

View Consultmed's full profile

Consultmed is associated with 3 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count
CONSULTMED PTY LTD CIN: 635081097 , Australia, Active	Jul 23, 2019	-	-
CONSULTX PTY LTD CIN: 641890324 , Australia, Active	Jun 18, 2020	-	-
CONSULTLINK PTY LTD CIN: 661722578 , Australia, Active	Aug 14, 2022	-	-

Consultmed has raised a total funding of $1.2M over 1 round. Its latest funding round was a Seed round on Apr 14, 2022 for $*****. 1 investor participated in its latest round. Consultmed has 1 institutional investor.

Here is the list of recent funding rounds of Consultmed:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 14, 2022	9509743	Seed	8814601	1386902	8200733	6666466

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View details of Consultmed's funding rounds and investors

The founders of Consultmed is Vikram Palit. Vikram Palit is the CEO of Consultmed.

Here are the details of Consultmed's key team members:

Vikram Palit: Founder & CEO of Consultmed.
Contact Info: 1 email address

View details of Consultmed's Founder profiles and Board Members

Consultmed's employee count trend

Consultmed has 29 employees as of May 26. Here is Consultmed's employee count trend over the years:

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Top competitors of Consultmed include Updoc, Instant Consult and Hola Health. Here is the list of Top 10 competitors of Consultmed, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Updoc 2020, Sydney (Australia), Series B	Digital telehealth and medical certificate platform	$13.3M	Bailador	50/100
2nd	Instant Consult 2019, Brisbane (Australia), Unfunded	App to teleconsult doctors	-	-	44/100
3rd	Hola Health 2020, Perth (Australia), Seed	Online platform offering various healthcare services	$4.5M	M8 Ventures, FundWA & 8 others	39/100
4th	GP2U 2011, Hobart (Australia), Acquired	Appointment booking Video consultation platform for patients	$2.2M	Sonic Healthcare, HCF	39/100
5th	My Emergency Doctor 2016, Sydney (Australia), Funding Raised	Australia's first online emergency doctor service providing rapid deployment of virtual care solutions to healthcare institutions.	-	Alium Capital, Helix Ventures	37/100
6th	Access Telehealth 2016, Elsternwick (Australia), Series B	Provider of telehealth platform for patients and healthcare professionals	$12.5M	Albany Capital, Bailador & 1 others	37/100
7th	VieVie Healthcare 2017, Ho Chi Minh City (Vietnam), Unfunded	Telemedicine marketplace facilitating medical consultations online	-	-	37/100
8th	Cardihab 2016, Brisbane (Australia), Seed	Developer of digital cardiac rehabilitation solution	$1.35M	ImpaQt Qld, Uniseed & 5 others	35/100
9th	Vively Healthcare 2020, Sydney (Australia), Acquired	Online teleconsultation platform for multiple diseases	$1.5M	Archangel	32/100
10th	Medihere 2018, Seoul (South Korea), Seed	Provider of an app for virtual primary care and tele-medicine	$2.7M	Korea Investment Holdings, InterVest & 2 others	32/100
15th	Consultmed 2019, Sydney (Australia), Seed	Digital teleconsultation and health management tool for providers and patients	$1.2M	Investible	29/100