About HealthTech sector in Australia
The HealthTech sector in Australia comprises 4.12K companies, including 476 funded companies having collectively raised $2.81B in venture capital money and private equity. Out of these, 198 are Series A+ funded.
HealthTech sector in Australia has seen 96 acquisitions and 47 IPOs.
This sector includes companies providing digital health solutions for disease management, diagnosis, treatment etc.
HealthTech sector is also known as Digital Health, e-Health, Health And Wellness Tech, Smart Healthcare, Healthcare Technology or Health Management Technology.
Companies included in HealthTech
It includes companies providing both B2B and B2C software, platforms and connected devices for providers, hospitals, consumers, employers, and life science industryCompanies excluded in HealthTech
It excludes companies providing drugs, in vitro diagnostic solutions, drug delivery and medical devices that do not rely on digital platformsTop HealthTech Companies in Australia
There are more than 4.12K companies in HealthTech in Australia. Sonder is the top HealthTech company in Australia, ranked using Tracxn Score (what's this?).
Here are 5 of the top HealthTech companies in Australia:
Company | Description | Location | Founded | Current Stage | Private Funding Raised |
|---|---|---|---|---|---|
Provider of healthcare management services for employees and organizations | Waterloo (Australia) | 2016 | Series B | $72.6M | |
Provider of clinical research services across all trial phases and therapeutic areas | Sydney (Australia) | 2002 | Acquired | $255M | |
Provider of artificial intelligence system for multiple diagnostic analysis | Sydney (Australia) | 2017 | Series C | $240M | |
Provider of move-to-earn game-based solutions for health and wellness | Sydney (Australia) | 2004 | Seed | $5M | |
Online marketplace for finding and booking caregivers | Sydney (Australia) | 2014 | Series D | $119M |
Companies founded year-on-year in the HealthTech sector in Australia
438 HealthTech 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 | - |
2025 | 10 |
2024 | 60 |
2023 | 108 |
2022 | 115 |
2021 | 216 |
2020 | 438 |
2019 | 303 |
2018 | 275 |
2017 | 253 |
Stage-wise distribution of HealthTech sector companies in Australia
Out of the total 4,116 HealthTech companies in Australia, 476 have secured funding. Among them, 198 have reached Series A or higher, and 165 to Series B or beyond.
Founded - 4,116
Funded - 476
Series A+ - 198
Series B+ - 165
Series C+ - 153
Company Stage | No. of companies |
|---|---|
Founded | 4,116 |
Funded | 476 |
Series A+ | 198 |
Series B+ | 165 |
Series C+ | 153 |
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Funding Trends in the HealthTech sector in Australia
Total funding year-on-year in the HealthTech sector in Australia
The HealthTech sector in Australia saw a total funding of more than $2.72B in the last 10 years. The most amount of funding was in 2022 at more than $1.18B.
- Total Funding
Year | Total Funding |
|---|---|
2025 | $305M |
2024 | $66.9M |
2023 | $145M |
2022 | $1.18B |
2021 | $545M |
2020 | $112M |
2019 | $143M |
2018 | $61.1M |
2017 | $81.4M |
Recent Funding Rounds in HealthTech in Australia
In the year 2025, till November 2025, HealthTech companies in Australia have raised $280M in equity funding across 19 rounds.
In the same period last year (i.e. till September 2024), HealthTech companies in Australia had raised $56.6M across 18 rounds.
So, 2025 has seen a 395.14% rise in funding in HealthTech companies in Australia as compared to 2024.
Here are some recent, important funding rounds in HealthTech companies in Australia:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 7703 | Nov 21, 2025 | - | |
Series B | 9637 | Nov 07, 2025 | ||
Seed | 6428 | Nov 06, 2025 | ||
Seed | 7803 | Oct 30, 2025 | and 7 more | |
Series B | 6794 | Oct 06, 2025 |
Top Investors in HealthTech in Australia
Felicis Ventures is the top investor in HealthTech companies in Australia based on number of companies invested.
Here are some top investors in HealthTech companies in Australia:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Menlo Park (United States) | - | |
Sydney (Australia) | ||
New York City (United States) | ||
Stockholm (Sweden) | - | |
Beijing (China) | - |
M&A activity in HealthTech sector in Australia
In the year 2025, till December 2025, 4 acquisitions happened in HealthTech sector in Australia. Last year, in 2024, a total of 2 acquisitions happened in HealthTech sector in Australia.
Here are some recent, important acquisitions in HealthTech sector in Australia:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Dec 05, 2025 | ||
Business Acquisition | Oct 06, 2025 | ||
Business Acquisition | Jul 23, 2025 | ||
Business Acquisition | Jul 03, 2025 | ||
Business Acquisition | Aug 14, 2024 |
Acquisition trends in HealthTech sector in Australia
Here are the acquisition trends in HealthTech sector in Australia:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | - |
2025 | 4 |
2024 | 2 |
2023 | 11 |
2022 | 11 |
2021 | 23 |
2020 | 9 |
2019 | 5 |
2018 | 6 |
2017 | 7 |
IPOs in HealthTech in Australia
In the year 2025, till December 2025, 1 IPO happened in HealthTech sector in Australia.
Here are some recent, important IPOs in HealthTech sector in Australia:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Dec 01, 2025 | Australian Securities Exchange (ASX) | |
Apr 04, 2024 | Australian Securities Exchange (ASX) | |
Mar 04, 2022 | National Association of Securities Dealers Automated Quotations (NASDAQ) | |
Nov 26, 2021 | Australian Securities Exchange (ASX) | |
Nov 19, 2021 | National Association of Securities Dealers Automated Quotations (NASDAQ) |
Colleges which produce the most HealthTech companies in Australia
Companies founded by alumni from top colleges in the HealthTech in Australia
Most number of HealthTech startups in Australia have been founded by alumni from The University of Melbourne, Stanford University and The University of Sydney.
College | No. of companies |
|---|---|
The University of Melbourne | 5 |
Stanford University | 4 |
The University of Sydney | 4 |
Harvard Business School | 3 |
Harvard University | 3 |
Tel Aviv University | 3 |
University of Cambridge | 3 |
University of Oxford | 3 |
University of Pennsylvania | 3 |
Cornell University | 2 |
Total funding in HealthTech companies founded by alumni from top colleges in Australia
In the last 10 years, Harvard Business School graduates' HealthTech companies in Australia have raised the most funding among top colleges. Harvard University alumni are second, and The University of Sydney alumni are third.
College | Total Funding |
|---|---|
Harvard Business School | $232M |
Harvard University | $229M |
The University of Sydney | $119M |
The University of Melbourne | $108M |
University of Cambridge | $69.9M |
Stanford University | $31.6M |
Columbia University | $29.9M |
University of Oxford | $13.8M |
The University of Adelaide | $3.67M |
Nanyang Technological University (NTU) | $2.1M |
Top News in HealthTech in Australia
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Novotech Issues White Paper to Help Sponsors Strengthen Early-Phase Oncology StrategyKorea Newswire•Dec 16, 2025•Novotech
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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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Echo IQ's EchoSolv HF Validation Study at Mayo Clinic Shows Strong ResultsBenzinga•Nov 24, 2025•Echo I Q
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Harrison.ai Redefines CT Imaging AI With Three FDA Breakthrough DesignationsBusiness Wire•Oct 09, 2025•FDA, Harrison
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Chris Hemsworth’s Centr app shuts Melbourne office, lays off 15 workersThe West Australian•Aug 15, 2025•Centr
