HealthEngine has closed its series E funding round, securing $30 million from Inspire Impact.
The Perth-based healthcare platform now has 4 million users that it connects with 7,400 healthcare providers all over Australia. It acts as an online booking system and management system for GPs, dentists, allied health, specialists and pharmacies.
Founded in 2006 by Dr Tan and Adam Yap the company has pivoted from being simply a directory, to becoming a booking service, and a marketplace.
It’s no longer a startup, but needs funding to push towards its next stage of growth, as well as acquisitions.
“Being connected with Inspire Impact’s social impact fund for our next phase of growth is very exciting and aligned with the values of Healthengine as we continue to succeed and improve healthcare outcomes and experiences for Australians,” said CEO, Dr Marcus Tan.
“With the impact investment from Inspire Impact, we can do even more and continue this work to help people navigate the complex world of healthcare by making it more affordable, convenient and certain.”
The deal was part of Inspire Impact’s recently announced $350m Impact Multi-Strategy Fund. It has a wide remit across private equity, venture capital, infrastructure and renewables, but all must adhere to their impact management approach, and show measurable contribution towards the UN SDGs.
Previous rounds have included funding from Sequoia India, Allium Capital, Seven West Media, and Telstra Ventures.