Australian startups raising capital this week include a telehealth operator, an AI-powered receptionist for businesses and a fashion tech platform. Keep reading to find out more about three local startups that together raised more than $20 million this week. Updoc: $20 million The Updoc team.
Source: LinkedIn/ Updoc. Telehealth startup Updoc has secured $20 million from ASX-listed capital fund Bailador Technology Investments in its first external investment. Launched in 2021 by founders and co-CEOs Dylan Coyne and Clifton Hodgkinson, Updoc has served more than 200,000 customers to date via its digital platform that connects patients with registered health practitioners.
Patients can book appointments to access medical advice, online prescriptions, specialist and pathology referrals, and medical letters, either as standalone sessions or via a monthly subscription. Updoc, which won the Rising Star award in the 2023 Deloitte Fast 50 with a growth rate of 15,924%, plans to use the funds to accelerate its product development and international expansion. “Bailador shares our belief in the potential of our platform to support healthcare delivery, helping to lower costs and improve accessibility for consumers,” said founders Coyne and Hodgkinson in a statement on Tuesday.
“This is just the beginning for Updoc.” Read more . Phonely: $749,720 Phonely founders Will Bodewes and Nisal Ranasinghe.
Source: Y Combinator An artificial intelligence startup founded by two PhD students f.