About HealthTech SaaS sector in Melbourne, Australia
The HealthTech SaaS sector in Melbourne, Australia comprises 89 companies, including 17 funded companies having collectively raised $116M in venture capital money and private equity. Out of these, 7 are Series A+ funded.
HealthTech SaaS sector in Melbourne, Australia has seen 2 acquisitions and 1 IPO.
This sector includes companies providing cloud-based, multi-tenant and subscription or on-demand B2B software applications for health applications.
All B2B software that offers cloud-based, multi-tenant solutions for business functions like Marketing, HR, Sales, Business Intelligence in Healthcare space
Top HealthTech SaaS Companies in Melbourne, Australia
There are 89 HealthTech SaaS startups in Melbourne, Australia which include Global Health, Heidi, Telstra Health, Magentus, HotDoc. Out of these, 17 startups are funded, with 7 having secured Series A+ funding.
Over the past 10 years, an average of 3 new companies have been launched annually. Notably, several of these startups have been founded by alumni of Imperial College London and The University of Melbourne.
Here is the list of top HealthTech SaaS startups in Melbourne, Australia
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: 61/100 What is this?
- Competitors Rank: 13 of 3,927 Competitors
2. Heidi
Developer of an AI medical scribe for clinical documentation automation. The AI scribe captures salient details during visits and customizes notes using preferred templates. It creates letters, adds billing codes, and generates patient summaries. The scribe offers features such as mid-visit addendums, custom template editing, and memory of distinct styles. Collaboration features and security controls are available for healthcare teams.
Key facts about Heidi
- Founded Year: 2019
- Location: Melbourne (Australia)
- Stage: Series B
- Total Funding till date: $96.6M
- Investors: Blackbird Ventures, Headline and 15 Others
- Latest Funding Round: Series B, Oct 06, 2025, $*****
- Tracxn Score: 56/100 What is this?
- Competitors Rank: 3 of 424 Competitors
Provider of digital health solutions and services across the care continuum. It offers virtual care, population health, connected care, and analytics, AI and partnership solutions. The company develops platforms and services for health information exchange, virtual health, patient flow management, clinical data management, prescription exchange, and practice management. It caters to hospitals, primary and community care, aged care facilities, pharmacies, and government enterprises.
Key facts about Telstra Health
- Founded Year: 2013
- Location: Melbourne (Australia)
- Stage: Unfunded
- Tracxn Score: 48/100 What is this?
- Competitors Rank: 72 of 10,046 Competitors
4. Magentus
Provider of clinical systems, practice management software, and health informatics. The company offers laboratory information, radiology information, oncology information management system, and data management services for life sciences.
Key facts about Magentus
- Founded Year: 1993
- Location: Melbourne (Australia)
- Stage: Funding Raised
- Investors: Pacific Equity Partners and HHS
- Latest Funding Round: Grant (prize money), Sep 18, 2009, $*****
- Tracxn Score: 44/100 What is this?
- Competitors Rank: 69 of 3,927 Competitors
5. 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: Series B
- Total Funding till date: $5.8M
- Investors: Right Click Capital and AirTree
- Latest Funding Round: Series B, Sep 04, 2018, $*****
- Tracxn Score: 44/100 What is this?
- Competitors Rank: 1 of 55 Competitors
Companies founded year-on-year in the HealthTech SaaS sector in Melbourne
8 HealthTech SaaS startups in Melbourne 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 | - |
2025 | - |
2024 | 1 |
2023 | 5 |
2022 | 3 |
2021 | - |
2020 | 8 |
2019 | 5 |
2018 | 5 |
2017 | 3 |
Stage-wise distribution of HealthTech SaaS sector companies in Melbourne
Out of the total 89 HealthTech SaaS companies in Melbourne, 17 have secured funding. Among them, 7 have reached Series A or higher, and 6 to Series B or beyond.
Founded - 89
Funded - 17
Series A+ - 7
Series B+ - 6
Series C+ - 4
Company Stage | No. of companies |
|---|---|
Founded | 89 |
Funded | 17 |
Series A+ | 7 |
Series B+ | 6 |
Series C+ | 4 |
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Funding Trends in the HealthTech SaaS sector in Melbourne
Total funding year-on-year in the HealthTech SaaS sector in Melbourne
The HealthTech SaaS sector in Melbourne saw a total funding of more than $116M in the last 10 years. The most amount of funding was in 2025 at more than $85.6M.
- Total Funding
Year | Total Funding |
|---|---|
2025 | $85.6M |
2023 | $10M |
2021 | $11M |
2018 | $4.1M |
Recent Funding Rounds in HealthTech SaaS in Melbourne
In the year 2025, till October 2025, HealthTech SaaS companies in Melbourne have raised $85.6M in equity funding across 3 rounds.
Here are some recent, important funding rounds in HealthTech SaaS companies in Melbourne:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Series B | 3597 | Oct 06, 2025 | ||
Seed | 3367 | Jun 24, 2025 | ||
Series A | 8529 | Mar 06, 2025 | ||
Series A | 4541 | Oct 26, 2023 | ||
Seed | 1230 | Aug 2021 |
Top Investors in HealthTech SaaS in Melbourne
TPG is the top investor in HealthTech SaaS companies in Melbourne based on number of companies invested.
Here are some top investors in HealthTech SaaS companies in Melbourne:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Fort Worth (United States) | - | |
New York City (United States) | - | |
San Jose (United States) | - | |
London (United Kingdom) | - | |
Melbourne (Australia) |
M&A activity in HealthTech SaaS sector in Melbourne
In the year 2025, till December 2025, 1 acquisition happened in HealthTech SaaS sector in Melbourne.
Here are some recent, important acquisitions in HealthTech SaaS sector in Melbourne:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Dec 05, 2025 | ||
Business Acquisition | Jan 16, 2023 |
Acquisition trends in HealthTech SaaS sector in Melbourne
Here are the acquisition trends in HealthTech SaaS sector in Melbourne:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | - |
2025 | 1 |
2024 | - |
2023 | 1 |
2022 | - |
2021 | - |
2020 | - |
2019 | - |
2018 | - |
2017 | - |
IPOs in HealthTech SaaS in Melbourne
In the year 2000, till April 2000, 1 IPO happened in HealthTech SaaS sector in Melbourne.
Here are some recent, important IPOs in HealthTech SaaS sector in Melbourne:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Apr 04, 2000 | Australian Securities Exchange (ASX) |
Colleges which produce the most HealthTech SaaS companies in Melbourne
Companies founded by alumni from top colleges in the HealthTech SaaS in Melbourne
Most number of HealthTech SaaS startups in Melbourne have been founded by alumni from Imperial College London and The University of Melbourne.
College | No. of companies |
|---|---|
Imperial College London | 1 |
The University of Melbourne | 1 |
Top News in HealthTech SaaS in Melbourne
•
DLF Limited’s Partnership Agreement with Global Health LimitedGlobal Legal Chronicle•Dec 04, 2023•DLF India, Global Health
•
Medanta and DLF to develop 400-bed multi-specialty hospital in DelhiIndiaMedToday•Aug 18, 2023•Medanta, DLF India, Global Health
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Medanta operator Global Health reports 73.75% YoY rise in net profit, shares rallyBusiness Today•Aug 13, 2023•Medanta, Global Health
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Australian health tech firm Global Health releases mobile EMR access appMobiHealthNews•Mar 09, 2022•Global Health
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