About HealthTech sector in Australia
The HealthTech sector in Australia comprises 4.4K companies, including 501 funded companies having collectively raised $2.56B in venture capital money and private equity. Out of these, 208 are Series A+ funded.
HealthTech sector in Australia has seen 99 acquisitions and 55 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.
It includes companies providing both B2B and B2C software, platforms and connected devices for providers, hospitals, consumers, employers, and life science industry. It excludes companies providing drugs, in vitro diagnostic solutions, drug delivery and medical devices that do not rely on digital platforms.
Top HealthTech Companies in Australia
There are 4,395 HealthTech startups in Australia which include Heidi, HotDoc, Harrison, Mable, Vitruvian. Out of these, 501 startups are funded, with 208 having secured Series A+ funding.
2026 has seen the creation of 56 HealthTech startups in Australia. Over the past 10 years, an average of 194 new companies have been launched annually. Notably, several of these startups have been founded by alumni of Monash University, RMIT University and University of Oxford.
Here is the list of top HealthTech 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?
- Competitors Rank: 1 of 771 Competitors
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
3. Harrison
Provider of artificial intelligence system for multiple diagnostic analysis. The company offers a platform that is based on deep learning artificial intelligence. The platform helps with services like predictive pregnancy from time-lapse video and fundoscopic images, along with tuberculosis case analysis and canine parvovirus infection.
Key facts about Harrison
- Founded Year: 2017
- Location: Sydney (Australia)
- Stage: Series C
- Total Funding till date: $240M
- Investors: ECP, Horizons Ventures and 12 Others
- Latest Funding Round: Series C, Jan 29, 2025, $*****
- Tracxn Score: 64/100 What is this?
- Competitors Rank: 1 of 173 Competitors
4. Mable
Online marketplace for finding and booking caregivers. The platform enables the user to search, book, and make payments to the caregiver using the online dashboard. Caregivers are categorized under social support, domestic assistance, therapy support, nursing, personal care, independent living, travel, and work support. The support workers can create a profile on the platform.
Key facts about Mable
- Founded Year: 2014
- Location: Sydney (Australia)
- Stage: Series D
- Total Funding till date: $119M
- Investors: Ellerston Capital, General Atlantic and 3 Others
- Latest Funding Round: Series D, Sep 12, 2021, $*****
- Tracxn Score: 63/100 What is this?
- Competitors Rank: 1 of 21 Competitors
5. Vitruvian
Provider of resistance training smart fitness equipment and app. It offers training equipment built with algorithms that provide weight lifting weight stacks that automatically adjust the weight according to the ideal range that can be pulled. The weight increases and decreases at a precise moment. The AI algorithm syncs with the app to record the data and tracks the weights. The app provides the progress made along with the workout videos for training at home. It delivers adaptive resistance training with real-time feedback.
Key facts about Vitruvian
- Founded Year: 2018
- Location: Perth (Australia)
- Stage: Series A
- Total Funding till date: $51.4M
- Investors: Larsen Ventures, TEN13 and 3 Others
- Latest Funding Round: Series A, Dec 12, 2023, $*****
- Tracxn Score: 61/100 What is this?
- Competitors Rank: 3 of 71 Competitors
Companies founded year-on-year in the HealthTech sector in Australia
56 new startups have been founded so far in 2026 in the HealthTech sector in Australia. 448 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 | 56 |
2025 | 58 |
2024 | 85 |
2023 | 126 |
2022 | 120 |
2021 | 212 |
2020 | 448 |
2019 | 306 |
2018 | 278 |
2017 | 257 |
Stage-wise distribution of HealthTech sector companies in Australia
Out of the total 4,395 HealthTech companies in Australia, 501 have secured funding. Among them, 208 have reached Series A or higher, and 176 to Series B or beyond.
Founded - 4,395
Funded - 501
Series A+ - 208
Series B+ - 176
Series C+ - 164
Company Stage | No. of companies |
|---|---|
Founded | 4,395 |
Funded | 501 |
Series A+ | 208 |
Series B+ | 176 |
Series C+ | 164 |
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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 $2.39B in the last 10 years. The most amount of funding was in 2021 at more than $541M. There has been a total funding of $486M in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $486M |
2025 | $302M |
2024 | $90.7M |
2023 | $143M |
2022 | $420M |
2021 | $541M |
2020 | $112M |
2019 | $143M |
2018 | $67.6M |
2017 | $81.4M |
Recent Funding Rounds in HealthTech in Australia
In the year 2026, till September 2026, HealthTech companies in Australia have raised $484M in equity funding across 13 rounds.
In the same period last year (i.e. till September 2025), HealthTech companies in Australia had raised $187M across 12 rounds.
So, 2026 has seen a 158.45% rise in funding in HealthTech companies in Australia as compared to 2025.
Here are some recent, important funding rounds in HealthTech companies in Australia:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Series C | 6846 | Sep 22, 2026 | ||
Series A | 1965 | Sep 21, 2026 | ||
Seed | 5913 | Sep 16, 2026 | - | |
Seed | 3482 | Aug 19, 2026 | ||
Seed | 7297 | Aug 13, 2026 |
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) | ||
Beijing (China) | - | |
Greenwich (United States) | - |
M&A activity in HealthTech sector in Australia
In the year 2026, till August 2026, 3 acquisitions happened in HealthTech sector in Australia. Last year, in 2025, a total of 5 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 | Aug 06, 2026 | ||
Business Acquisition | Feb 19, 2026 | ||
Business Acquisition | Feb 18, 2026 | ||
Business Acquisition | Dec 05, 2025 | ||
Business Acquisition | Oct 06, 2025 |
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 | 3 |
2025 | 5 |
2024 | 2 |
2023 | 11 |
2022 | 10 |
2021 | 23 |
2020 | 9 |
2019 | 5 |
2018 | 7 |
2017 | 6 |
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 Monash University, RMIT University and University of Oxford.
College | No. of companies |
|---|---|
Monash University | 10 |
RMIT University | 6 |
University of Oxford | 6 |
The University of Melbourne | 5 |
The University of Sydney | 5 |
Harvard Business School | 4 |
Harvard University | 4 |
Stanford University | 4 |
Massachusetts Institute of Technology | 3 |
University of Cambridge | 3 |
Total funding in HealthTech companies founded by alumni from top colleges in Australia
In the last 10 years, The University of Melbourne graduates' HealthTech companies in Australia have raised the most funding among top colleges. Harvard Business School alumni are second, and Harvard University alumni are third.
College | Total Funding |
|---|---|
The University of Melbourne | $448M |
Harvard Business School | $232M |
Harvard University | $229M |
The University of Sydney | $119M |
University of Cambridge | $40.1M |
University of Oxford | $16.5M |
RMIT University | $9.4M |
The University of Adelaide | $3.67M |
Nanyang Technological University (NTU) | $2.1M |
University of Pennsylvania | $2.08M |
Top News in HealthTech in Australia
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Nuveen Raises $330M to Acquire Grocery-Anchored Retail Across the U.S.Commercial Observer•Mar 18, 2026•Nuveen, Rest
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Harrison.ai Receives FDA Clearance for Acute Infarct Triage on Non-contrast CT BrainBusiness Wire•Mar 05, 2026•Harrison
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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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Echo IQ's EchoSolv HF Validation Study at Mayo Clinic Shows Strong ResultsBenzinga•Nov 24, 2025•Echo I Q
