Clinicians and venture capital team up to raise $1.2 million for health tech startup Consultmed

Innovative health tech startup Consultmed is shaking up the antiquated system of paper and faxed referrals in Australia, has secured a seven-figure investment boost to support its next phase of growth.

Designed by clinicians for clinicians, the platform allows secure exchange of healthcare information between providers and streamlines digital referrals, consent, clinical triage, and remote expert opinion.

Australian early-stage VC Investible has led the $1.2 million investment in Consultmed.

The equity investment will give Consultmed the capital backing to expand its digital platform across hospitals and healthcare networks in Australia.

Finding a better way

Launched in 2019, the growth of Consultmed has been driven by company founder Dr Vikram Palit, a paediatrician and senior lecturer in health management at UNSW.

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