🇦🇺 This Week in Australian Startups #168 5th July 2026
Weekly roundup: Echo IQ raises $110m through a placement to expand its US diagnostics business; Deputy debuts an AI product; Medical Angels brings on Michael Batko as a venture partner.
Venture capital fund
Every published round Medical Angels took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
Companies Medical Angels has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| No portfolio companies recorded yet. | ||||
Fund closes reported for Medical Angels, as distinct from the investments it has made.
Companies Medical Angels has backed that another company then bought. An exit for the holding, not a deal Medical Angels did.
Stories naming Medical Angels. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Weekly roundup: Echo IQ raises $110m through a placement to expand its US diagnostics business; Deputy debuts an AI product; Medical Angels brings on Michael Batko as a venture partner.
Doctor-led syndicate Medical Angels is turning its backing of 30-plus health startups into a $40 million fund, with $4 million banked, and has recruited former Startmate chief Michal Batko as venture partner.
UNSW Founders partnered with Luminary Partners to invest $200,000 each in 18 early-stage deeptech startups across its 2025 accelerator cohorts, extending prior backing arrangements.