AI Health-Tech Startup Heidi Health Concludes Series A Round
By: Asia Business Outlook Team | Thursday, 26 October 2023
Heidi Health, an AI health-tech platform, announced on Oct 26 the completion of a $6.3 million Series A capital raise to fuel its growth and product development. According to the company, Blackbird Ventures led the round, with participation from Hostplus, Hesta, Wormhole Capital, Archangel Ventures, Possible Ventures, and Saniel Ventures.
According to the statement, the funds will be used to further Heidi's product development, including the creation of new AI-driven offerings for clinicians.
This investment will also be used to expand the company's team of doctors, designers, and engineers, as well as to increase the number of clinics and general practitioners (GPs) who will use the software in Australia first and then in other markets.
"People are living longer lives with more chronic diseases." While medicine has become more specialized, junior doctors are not choosing to become general practitioners.
"This has created a crippling burden on our GPs, limiting their ability to provide the service and care that Australians expect and deserve," Heidi Founder and CEO Dr Thomas Kelly said.
He had this experience while working in rural general practice and public hospital outpatient clinics, where there were too many patients and not enough time. He also mentioned how much of his time as a doctor was spent on paper referrals, waiting on hold, or filling out copious amounts of paperwork to satisfy the government's requirements for some piece of Medicare funding.