About HealthTech SaaS sector in Australia
The HealthTech SaaS sector in Australia comprises 503 companies, including 70 funded companies having collectively raised $674M in venture capital money and private equity. Out of these, 30 are Series A+ funded.
HealthTech SaaS sector in Australia has seen 15 acquisitions and 5 IPOs.
This sector includes companies providing cloud-based, multi-tenant and subscription or on-demand B2B software applications for health applications.
HealthTech SaaS sector is also known as HealthTech SaaSTech, HealthTech SaaS-Tech, Digital HealthTech SaaS or HealthTech SaaS Technology Solutions.
All B2B software that offers cloud-based, multi-tenant solutions for business functions like Marketing, HR, Sales, Business Intelligence in Healthcare space are included in this sector. Excludes standalone consumer-facing health or fitness applications (B2C), traditional on-premise legacy medical records software that lacks cloud-native multi-tenancy, custom single-tenant software built exclusively for individual hospital networks, medical equipment manufacturers, and pure-play offline digital healthcare consulting or non-software healthcare outsourcing services.
Top HealthTech SaaS Companies in Australia
There are 503 HealthTech SaaS startups in Australia which include Heidi, HotDoc, Global Health, Medow AI, Omniscient. Out of these, 70 startups are funded, with 30 having secured Series A+ funding.
2026 has seen the creation of 30 HealthTech SaaS startups in Australia. Over the past 10 years, an average of 19 new companies have been launched annually. Notably, several of these startups have been founded by alumni of RMIT University, Imperial College London and Melbourne Business School.
Here is the list of top HealthTech SaaS startups in Australia
1. Heidi
Developer of an AI assistant designed for clinical documentation support. The AI transcribes visits, structures notes, and generates referrals. It also auto-applies codes and tasks, and sends information to electronic health records. The AI adapts to various clinical specialties and settings.
Key facts about Heidi
- Founded Year: 2019
- Location: Melbourne (Australia)
- Stage: Series C
- Total Funding till date: $437M
- Investors: Blackbird Ventures, Headline and 17 Others
- Latest Funding Round: Series C, Sep 22, 2026, $*****
- Tracxn Score: 71/100 What is this?
2. HotDoc
HotDoc is a SaaS-based solution that provides an online platform for patients to book medical appointments. Patients can access a broad network of medical appointments and book them in real-time. The platform helps providers by automating patient booking experience and offering patient recall tools for follow-ups.
Key facts about HotDoc
- Founded Year: 2012
- Location: Melbourne (Australia)
- Stage: Acquired
- Total Funding till date: $5.8M
- Investors: Right Click Capital and AirTree
- Latest Funding Round: Series B, Sep 04, 2018, $*****
- Tracxn Score: 70/100 What is this?
- Competitors Rank: 5 of 2,228 Competitors
Global Health is one of Australia's longest established and most experienced developers of software applications for the healthcare industry.They offer software applications for hospitals, day surgeries, primary health care, community and area health services and private practices.their flagship product is called MasterCare EMR which provides comprehensive clinical solution for administration and patient management, Visit/progress notes, observations, measures,prescribing, assessment wizards and Track payments and debtors. In the mental health space, their comprehensive Electronic Medical Record (EMR) named MasterCare MHAGIC is designed specifically for Psychologists, Psychiatrists and other mental health professionals.
Key facts about Global Health
- Founded Year: 1985
- Location: Melbourne (Australia)
- Stage: Public
- Latest Funding Round: Post IPO, Jun 15, 2021, $*****
- Tracxn Score: 58/100 What is this?
- Competitors Rank: 18 of 4,645 Competitors
4. Medow AI
AI-powered medical reporting platform for specialists to deliver superior patient care. The platform seamlessly integrates with EMRs to streamline clinical documentation workflows, saving valuable time for healthcare providers.
Key facts about Medow AI
- Founded Year: 2023
- Location: Sydney (Australia)
- Stage: Seed
- Total Funding till date: $5.69M
- Latest Funding Round: Seed, Sep 16, 2026, $*****
- Tracxn Score: 57/100 What is this?
- Competitors Rank: 5 of 906 Competitors
5. Omniscient
Provider of AI-powered brain mapping and analysis platform. It offers detailed insights into patient-specific brain networks and function, supporting individualized treatment plans across various neurological conditions. The platform processes neural data from MRI scans, using advanced algorithms to generate connectomes—digital maps of the brain's connections. This technology aids neurosurgeons in surgical planning, researchers in understanding brain function, and clinicians in improving patient care. The platform is designed for ease of use and accessibility, enabling efficient analysis and interpretation of complex brain data.
Key facts about Omniscient
- Founded Year: 2019
- Location: Sydney (Australia)
- Stage: Series D
- Total Funding till date: $60M
- Investors: National Reconstruction Fund, OIF Ventures and 5 Others
- Latest Funding Round: Series D, May 29, 2026, $*****
- Tracxn Score: 55/100 What is this?
- Competitors Rank: 7 of 76 Competitors
Companies founded year-on-year in the HealthTech SaaS sector in Australia
30 new startups have been founded so far in 2026 in the HealthTech SaaS sector in Australia. 31 HealthTech SaaS startups in Australia were founded in 2020 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | 30 |
2025 | 19 |
2024 | 15 |
2023 | 21 |
2022 | 17 |
2021 | 13 |
2020 | 31 |
2019 | 18 |
2018 | 16 |
2017 | 17 |
Stage-wise distribution of HealthTech SaaS sector companies in Australia
Out of the total 503 HealthTech SaaS companies in Australia, 70 have secured funding. Among them, 30 have reached Series A or higher, and 27 to Series B or beyond.
Founded - 503
Funded - 70
Series A+ - 30
Series B+ - 27
Series C+ - 24
Company Stage | No. of companies |
|---|---|
Founded | 503 |
Funded | 70 |
Series A+ | 30 |
Series B+ | 27 |
Series C+ | 24 |
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Funding Trends in the HealthTech SaaS sector in Australia
Total funding year-on-year in the HealthTech SaaS sector in Australia
The HealthTech SaaS sector in Australia saw a total funding of more than $667M in the last 10 years. The most amount of funding has been in 2026 at more than $406M till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $406M |
2025 | $113M |
2024 | $11.4M |
2023 | $12.2M |
2022 | $47.5M |
2021 | $64.2M |
2020 | - |
2019 | $7M |
2018 | $4.1M |
2017 | $1M |
Recent Funding Rounds in HealthTech SaaS in Australia
In the year 2026, till September 2026, HealthTech SaaS companies in Australia have raised $406M in equity funding across 7 rounds.
In the same period last year (i.e. till July 2025), HealthTech SaaS companies in Australia had raised $20.6M across 5 rounds.
So, 2026 has seen a 1870.08% rise in funding in HealthTech SaaS companies in Australia as compared to 2025.
Here are some recent, important funding rounds in HealthTech SaaS companies in Australia:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Series C | 4118 | Sep 22, 2026 | ||
Seed | 8136 | Sep 16, 2026 | - | |
Seed | 3811 | Aug 19, 2026 | ||
Series D | 8191 | May 29, 2026 | and 3 more | |
Seed | 8729 | 2026 |
Top Investors in HealthTech SaaS in Australia
TPG is the top investor in HealthTech SaaS companies in Australia based on number of companies invested.
Here are some top investors in HealthTech SaaS companies in Australia:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Fort Worth (United States) | - | |
Menlo Park (United States) | - | |
Beijing (China) | - | |
Washington, DC (United States) | - | |
New York City (United States) | - |
M&A activity in HealthTech SaaS sector in Australia
In the year 2026, till February 2026, 1 acquisition happened in HealthTech SaaS sector in Australia. Last year, in 2025, a total of 1 acquisition happened in HealthTech SaaS sector in Australia.
Here are some recent, important acquisitions in HealthTech SaaS sector in Australia:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Feb 18, 2026 | ||
Business Acquisition | Dec 05, 2025 | ||
Business Acquisition | Aug 16, 2023 | ||
Business Acquisition | Apr 17, 2023 | ||
Business Acquisition | Jan 16, 2023 |
Acquisition trends in HealthTech SaaS sector in Australia
Here are the acquisition trends in HealthTech SaaS sector in Australia:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | 1 |
2025 | 1 |
2024 | - |
2023 | 3 |
2022 | 1 |
2021 | 1 |
2020 | - |
2019 | 1 |
2018 | 1 |
2017 | 1 |
IPOs in HealthTech SaaS in Australia
In the year 2021, till November 2021, 2 IPOs happened in HealthTech SaaS sector in Australia.
Here are some recent, important IPOs in HealthTech SaaS sector in Australia:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Nov 26, 2021 | Australian Securities Exchange (ASX) | |
Feb 12, 2021 | Australian Securities Exchange (ASX) | |
Apr 04, 2000 | Australian Securities Exchange (ASX) |
Colleges which produce the most HealthTech SaaS companies in Australia
Companies founded by alumni from top colleges in the HealthTech SaaS in Australia
Most number of HealthTech SaaS startups in Australia have been founded by alumni from RMIT University, Imperial College London and Melbourne Business School.
College | No. of companies |
|---|---|
RMIT University | 3 |
Imperial College London | 1 |
Melbourne Business School | 1 |
The University of Melbourne | 1 |
The University of Sydney | 1 |
University of Pennsylvania | 1 |
Total funding in HealthTech SaaS companies founded by alumni from top colleges in Australia
In the last 10 years, The University of Melbourne graduates' HealthTech SaaS companies in Australia have raised the most funding among top colleges. RMIT University alumni are second, and University of Pennsylvania alumni are third.
College | Total Funding |
|---|---|
The University of Melbourne | $437M |
RMIT University | $5.8M |
University of Pennsylvania | $1.99M |
Imperial College London | - |
Melbourne Business School | - |
The University of Sydney | - |
Top News in HealthTech SaaS in Australia
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NRF Leads $36 Million Raise for AI Brain Mapping Startup OmniscientSmartCompany•Jan 19, 2026•National Reconstruction Fund, OIF Ventures, Omniscient
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FDA fast-tracks Singular Health's medical image handling softwareThe West Australian•Jan 13, 2026•Singular Health
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Singular Health Seeks US FDA Application for Cloud-Based Medtech PlatformThe West Australian•Nov 28, 2025•Singular Health
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META Dynamic Reaches Distribution Deal With Omniscient NeurotechnologyMedical Product Outsourcing•May 25, 2024•Omniscient, META Dynamic
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