Ledger. Australian venture funding, tracked

Startup · $361.6m raised

Heidi Health

Australian HealthTech company

Melbourne, VIC

Coverage

Stories naming Heidi Health. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.

12 deals

🇦🇺 This Week in Australian Startups #180, 4th October 2026

Weekly roundup reporting Australian startup funding rounds and government grants, a venture fund close, agreed acquisitions, an IPO pricing, a collapse, plus executive hires and AI policy developments.

15 deals

🇦🇺 This Week in Australian Startups #179, 26th September 2026

Weekly roundup recording a dozen raises and acquisitions, Firmus's scheduled float, a new $50m venture fund, a founder share sale, grant winners, an accelerator intake, and an AI agent's government breach.

Also Dynamic Business·DealStreetAsia·This Week in Australian Startups·Dealroom·ABC News Technology

3 deals

Heidi hits $1.2 billion valuation with $470 million in fresh funding

Heidi raised US$100m in a Blackbird-led Series C plus US$240m in customer-acquisition finance from General Catalyst, reaching a $1.26 billion valuation as Australia's fourth billion-dollar startup of the year.

Also Dealroom·This Week in Australian Startups·Dynamic Business·This Week in Australian Startups

7 deals

Blackbird nails 2nd $1 billion fund

Blackbird has locked in a second billion-dollar fund — its sixth, slightly bigger than the last — bringing in new institutional backers, and the article recalls portfolio wins, writedowns and failures.

Also Business News Australia

Fund close $1b

A billion reasons to invest right at the very beginning

Blackbird announces its new early-stage and growth funds have brought in A$1.05 billion, reflecting on early cheques, portfolio outcomes like Eucalyptus's sale, and new international backers.

Also Dealroom·Dealroom·AFR Technology·Startup Daily·Business News Australia·Forbes Australia·Forbes Australia

Funding announcement

Seven ANZ startups that raised $111.5 million this week

Roundup of seven raises across the Tasman spanning fintech, marine tech, agtech, defence and AI, plus a first close for an ACT venture fund.

Funding announcement

Bower raises $2M to bring ambient intelligence to the research lab

Bower, an Australian startup, has closed a $2 million pre-seed round led by TEN13 with Admiralty Capital Group, Edale Capital and angel backers, funding ambient AI that captures laboratory work as structured research records.

Funding announcement

Meet our Winter 26 Accelerator cohort

Startmate unveils its incoming Winter '26 accelerator intake, profiling AI, aerospace, legal tech, construction and healthcare startups founded across Australian cities, with others based in San Francisco and Christchurch.

Exit / M&A

Goodbye, SaaS. Welcome, SaiS.

Blackbird partner Tom Humphrey argues AI panic overstates the threat to software firms, sketching four stages from bolting on models to training them, and pointing to Canva's acquisitions and Springboards' new model as proof.

Also Crikey·Startup Daily·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Startup Daily·Startup Daily

2 deals

Capital returns but discipline and liquidity remain key

A retrospective on 2025 Australian venture activity: large raises at Firmus, Heidi Health, Airwallex and others, deep tech momentum, and Folklore's own backing of Hullbot and Sphere.

Also Square Peg Capital·Australian FinTech·Cut Through Venture·SmartCompany·Startup Daily·Startup Daily·Startup Daily·RenewEconomy·RenewEconomy·Fintech News Australia

Exit / M&A

The race is on

Blackbird partner Niki Scevak argues SaaS is not dead; winners will be companies that reinvent for AI, citing Canva's AI pivot and Kaleido acquisition, plus Heidi Health's new software category for doctors.

Also TechCrunch Australia·SmartCompany·Startup Daily·Startup Daily·Startup Daily·Forbes Australia·Forbes Australia·TechCrunch Australia·Forbes Australia·Forbes Australia

5 deals

Airwallex is Blackbird's new Canva, as the VC devalues workplace software unicorns Culture Amp and Safety Culture

Leaked details from Blackbird's investor day showcase Airwallex and Canva as standout performers, record valuation cuts for Culture Amp and SafetyCulture, and detail Kiki's New York shutdown and settlement.

13 deals

Six ANZ startups that raised $211.1 million this week

Roundup of six Australian and New Zealand funding rounds, headlined by Heidi Health and Octopus Deploy, also covering Nexl, OpenSolar, Lucent and PAM, with past acquisitions of Stella AI, MagicBrief and Codefresh noted.

Also Startup Daily·Startup Daily·Women's Agenda

4 deals

Heidi Health's $98 million raise skyrockets its valuation to $704 million

Melbourne AI medical-notes startup Heidi Health has banked a $98 million Series B led by Point72 at a $704 million valuation, adding two senior clinical and commercial hires to its leadership.

Also Startup Daily·SmartCompany·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Forbes Australia

10 deals

Cheque-in: 19 ANZ startups that raised $69 million this week

Weekly roundup covering 19 Australian and New Zealand raises, headlined by Andromeda Robotics' $23m Series A, plus Freckle, Marloo, X-Hemp, Harvest B, Wable, Starboard and Techstars Sydney's 12-startup cohort.

Also SmartCompany

9 deals

19 ANZ startups that raised $66.7 million this week

Also SmartCompany·Startup Daily

9 deals

Six Aussie startups that raised $56.7 million this week

Weekly roundup detailing six Australian startup raises announced this week, covering Heidi Health, Instant, Esper, Trusst AI, Flowing Bee and GonGlobal, with investors, founders, valuations and earlier rounds.

Also Startup Daily

3 deals

GP administration startup Heidi Health tops up Series A with another $27 million

Heidi Health, whose AI tool drafts doctors' clinical notes, has added $26.8 million to its Series A in a round led by Headline, with Local Globe and Anthology also taking part.

Also SmartCompany·SmartCompany·SmartCompany·SmartCompany·Startup Daily·SmartCompany·Startup Daily·Startup Daily

undisclosed US$9m

Investment Notes: Lorikeet

Blackbird's note explains why it led Lorikeet's nine-million-US-dollar round alongside co-investors, describing the startup's workflow-first approach to harder support tickets and its results with Eucalyptus.

Also Startup Daily·Startup Daily·SmartCompany·SmartCompany·Startup Daily

Funding announcement

From SaaS to SaiS: A River of Inquiry into how AI is unlocking vertical SaaS

A Blackbird partner argues AI has revived vertical software by turning hard-to-sell customers into product-led buyers, noting the firm recently backed three such startups and recalling Aconex's sale to Oracle.

Also buildxact.com

14 deals

Ten Aussie startups that raised $39 million this week

Roundup of ten Australian startup raises totalling $38.8 million, topped by Heidi Health's Series A, also recording an Outstaffer executive appointment and the earlier sale of CarAdvice to Nine.

Also SmartCompany·Startup Daily

2 deals

Medtech Heidi Health raises $10 million Series A

Heidi Health, whose AI tool trims paperwork for family doctors, has banked a $10 million Series A round led by returning backer Blackbird, with co-investors including Hostplus and Hesta.

Also Startup Daily·SmartCompany·Startup Daily·SmartCompany·Startup Daily·Forbes Australia·Forbes Australia

Series A $10m

Blackbird backs Heidi Health’s AI platform for overworked doctors

Melbourne healthtech firm Heidi Health has pulled in A$10 million Series A capital, headed by Blackbird Ventures, to grow its AI scribe that lightens clinicians' documentation workload.

Also SmartCompany·Startup Daily·SmartCompany·SmartCompany·SmartCompany·Startup Daily·SmartCompany·SmartCompany·SmartCompany·Startup Daily·SmartCompany·Startup Daily·SmartCompany

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