Australian-born startups are raising new capital this week, with a group of three ambitious businesses making major raises.
From a re-vitalised medtech leader to a fast-growing fintech and a healthtech disruptor backed by a celebrity, this week’s funding shows the world’s appetite for clever, scalable innovation in healthcare and finance.
Seer Medical secures lifeline with $40 million investor deal
Seer Medical is set for a comeback, with the Melbourne-based medtech firm clinching a $40 million rescue package backed by three major investors.
The funding agreement brings together US-based Cadwell Industries, government initiative Breakthrough Victoria, and Singaporean investment group TrialCap. The trio will jointly take equity in a newly formed entity created to steer Seer Medical forward, following a Deed of Company Arrangement with creditors.
Best known for its at-home clinical monitoring system, Seer provides long-term diagnostic tools for neurological conditions such as epilepsy. Its wearable tech captures a mix of brain, heart, respiratory, and behavioural signals, allowing clinicians to monitor patients in their daily environments rather than clinical settings.
WeMoney banks $12 million to expand financial wellness mission
Homegrown fintech WeMoney has raised $12 million in a fresh Series A round, with backing from a diverse group of investors including Mastercard.
The Perth startup, launched in 2020, is focused on helping Australians take better control of their personal finances through open banking, budgeting tools, and AI-driven insights. The new investment round was led by Lance East Office, the family office of tech entrepreneur Laurence Escalante, and supported by BetterLabs, Dorado Capital, Eastcourt Capital, and a $1 million debt facility from Mighty Partners.
WeMoney has quickly emerged as a key player in Australia’s open banking movement, leveraging the federal Consumer Data Right framework to deliver smarter money management tools to its user base. “We’re building a platform that gives people clarity and confidence in their financial journey,” the company said in a statement following the raise.
Superpower attracts $47 million to roll out next-gen health platform
A San Francisco-based startup co-founded by Australian entrepreneur Max Marchione has raised US$30 million (A$47 million) to launch a new platform that combines diagnostics, data, and health tracking into what it’s calling the world’s first health super-app.
Superpower, founded in 2023, plans to disrupt the healthcare model by focusing on early detection and prevention, offering advanced biomarker testing as its core service.
The Series A funding was led by Forerunner Ventures, with participation from Day One Ventures, Susa Ventures, Long Journey Ventures, Family Fund, Opal Ventures, Valia Ventures, Visible Ventures, and Winklevoss Capital. Several celebrity investors also joined the round, including Vanessa Hudgens, Steve Aoki, Logan Paul, and NBA MVP Giannis Antetokounmpo.
The funding follows an earlier pre-seed round led by Susa Ventures, which had also drawn interest from DoorDash co-founder Evan Charles Moore and the Winklevoss twins. Superpower is now valued at US$200 million.
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