Blackbird is an Australasian venture capital firm whose mission is to invest in wild hearts, with the wildest ideas, right at the beginning.  We back generational ambition with generational ownership by raising funds and investing in the best startup companies all the way through their journey from idea to beyond IPO. Blackbird was founded in 2012, with a small first fund of $30M from the community of Australian technology founders. That fund invested in the very first rounds of Canva, Zoox, CultureAmp and SafetyCulture and has a TVPI of more than 35x. Today, our portfolio is worth over $7B and includes more than 100 companies across Australia and New Zealand, including rising stars like Propeller, Gilmour Space, Halter, Eucalyptus and Harrison AI.

Blackbird Ventures

W23 invest in game-changing startups led by visionary founders, and actively help them achieve their ambitious plans faster.

NewView Capital is a new model venture capital. It spun out of New Enterprise Associates (NEA) in response to evolving market dynamics, including extended exit timelines. NewView Capital has developed a new model in venture capital to drive sustainable growth for entrepreneurs, venture capital firms, and limited partners in this changing venture landscape.

NewView Capital

Airtree is a venture capital firm backing Aussie and Kiwi founders, building the iconic technology companies of tomorrow. We’re powered by our network, dedicating extraordinary resources to help founders shortcut company-building firsts and accelerate their journey from idea to global household name. As one of the largest and most active early-stage investors in Australia and New Zealand, Airtree’s 100+ portfolio features the region’s breakout tech companies, including Canva, Go1, Employment Hero, Pet Circle, Immutable and Linktree.

Airtree Ventures

Bond is a venture capital firm that supports visionary founders of high-growth Internet companies throughout their life cycle of innovation and growth. The firm, a spinout of the Kleiner Perkins Digital Growth Fund, was launched in January 2019 and founded by Mary Meeker with Mood Rowghani, Noah Knauf.

Bond

OneVentures is one of Australia’s leading venture capital firms, with over $330M in funds under management. But they do more than invest. They take companies to that all important next stage, by actively shaping their future. They apply their years of international experience, operational and executional expertise to accelerate the growth of their portfolio companies.  A global growth focus drives their investment selection with their current portfolio including companies with truly innovative products tackling multi-billion-dollar problems, from needle-free vaccinations to virtual communications to adaptive e-learning.

OneVentures

Athletic Ventures is a syndicate of past and present elite athletes investing in Champion Founders and their teams

Athletic Ventures

Marbruck is an open-ended venture capital group. Marbruck sources, invests, and provides ongoing guidance to early / growth stage technology companies. With no outside capital, Marbruck actively manages a diverse global portfolio of 30+ companies spanning Seed through to pre-listing. Marbruck leverages its intellectual capital, its network of partner investors, and its deep operational experience, to successfully navigate the highest-risk, highest-reward spectrum of investing.

Marbruck

Eucalyptus

Sauce is building the world's first AI Product Impact Engine. We started by helping product teams automate the most accurate, personalised AI insights that boost adoption and revenue. Powering the world's fastest-growing product companies like Atlassian, Linktree, Whatnot, Incident.io, Tracksuit, Secure Code Warrior, Eucalyptus, and more.

Eucalyptus is a healthcare technology company that develops and runs digital healthcare companies. The company's five healthcare brands form the connective tissue between telehealth consults with doctors, pharmacy delivery, and ongoing patient care. It was founded in 2019 and is based in Haymarket, Australia.

<div>Eucalyptus is an Australian telemedicine platform that connects patients with healthcare practitioners, providing asynchronous consultations to diagnose and provide treatments. The company operates a direct-to-consumer business model, offering a range of virtual care services via five healthcare-related portals that cover men&rsquo;s health, fertility care, sexual health, skincare, and menopause. Since its launch in 2019, Eucalyptus has provided 500,000 consultations to date and claims to be the largest vertically integrated telehealth platform in Australia.&nbsp;</div>

More important now than ever, telehealth will long outlast the pandemic that drove its growth.

Telehealth

Eucalyptus head of growth Matt Rossi departs to launch his own marketing startup, Oodle

Sauce

SafetyCulture

Respondent Inc.

Archangel Ventures

Earlywork

Minnow

Ultraviolet Ventures

<div>
 
 Eucalyptus is an Australian telemedicine platform that connects patients with healthcare practitioners, providing asynchronous consultations to diagnose and provide treatments. The company operates a direct-to-consumer business model, offering a range of virtual care services via five healthcare-related portals that cover men&rsquo;s health, fertility care, sexual health, skincare, and menopause. Since its launch in 2019, Eucalyptus has provided 500,000 consultations to date and claims to be the largest vertically integrated telehealth platform in Australia.&nbsp;
 
 
 Patients begin by filling out an online questionnaire before being contacted by a licensed healthcare practitioner for a text-based consultation. Prescriptions are fulfilled through third-party pharmacies and are delivered by mail. It also operates an online store, where users can purchase non-prescription products. These services are available to individuals for a monthly subscription fee.&nbsp;
 
 
 In January 2022, it raised AUD 60 million (USD 42 million) in a Series C funding round led by Bond, with plans to scale up its staff of 200 as well as enter into the international markets, initially starting with the UK. The proceeds will also be used to enhance its platform.
 
 
 
 
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<div>
 
 Nice Healthcare is a US based telehealth company with a focus on primary care services to business-to-business (B2B) clients. Once the employer signs its employees with Nice (at a cost of USD 30 to USD 36 per employee per month), employees do not have to incur out of pocket expenses for Nice services and can schedule virtual or home visits within the time frames specified by the company. It connects patients with practitioners through a mobile app over video calls or text messages. Members can also request home visits which will be completed within a few hours, as claimed by the company. As of March 2022, Nice was operating in twelve states, and had over 400 small and medium enterprises (SMEs).
 
 
 In March 2022, the company raised USD 30 million in Series A financing led by DNA Capital which has been earmarked to expand its platform&rsquo;s reach among small and medium businesses. Additionally, the company is hiring three members for its management team to support the continuing growth of the organization.
 
 
 
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Nice Healthcare

Amicomed is a cloud-based Software-as-a-Service (SaaS) platform which provides blood pressure monitoring services. It collects blood pressure data of patients from at-home devices, applies algorithms, and assesses the fluctuations in the blood pressure. Physicians can be connected and provided with blood pressure data of their patients in order to facilitate their workload, enabling more personalized management of patients regarding medication and lifestyle indications.Amicomed can also recommend actionable and personalized lifestyle interventions such as daily diet and exercises via virtual coaching.

Amicomed

Winston is a men’s health telemedicine platform that treats common issues impacting men such as sexual problems, hair loss, acne, and cold sores. Winston allows patients to consult doctors, place orders for prescription drugs, and offers free delivery to the homes of patients.The Toronto-based company aims to avoid men deferring doctor visits or withholding sensitive information. The consultation fee is covered by the provincial health plan, but the prescriptions are billed to the customer.

Winston

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 Dialogue partners with employers and health insurers to offer telehealth services to their employees and members. The users have 24/7 access to doctors, nurses, and other healthcare professionals via audio, video, and chat options for wide arrays of physical and mental health needs, artificial intelligence-enabled (AI-enabled) triage, referrals, and prescription renewals. 
 
 
 The company launched its trademarked Integrated Health Platform in January 2021 to consolidate its virtual care, wellness programs, mental healthcare services, and Employee Assistance Program (EAP) onto a single platform. The company claims to be the only integrated health and wellness B2B platform in Canada. 
 
 
 Key Customers and partnerships
 
 
 Dialogue had direct relationships with over 2,000 customers across Canada and Germany as of December 2020 and served around 50,000 organizations through these partnerships. In addition, the number of members with access to the virtual platform topped 1 million in January 2021. 
 
 
 Fundings and financials
 
 
 As of March 2021, Dialogue was planning to raise CAD 100 million (USD 80 million) from an initial public offering that will be listed on the Toronto Stock Exchange under the ticker symbol &ldquo;CARE.&rdquo; 
 
 
 In Q2 2023, net losses reduced significantly YoY to CAD 5.8 million (USD 4.3 million) from CAD 8.4 million (USD 6.3 million) in Q2 2022. Top-line revenue met internal expectations, growing 17.2% YoY to CAD 25.5 million (USD 19.0 million), driven by &nbsp;an increase in new members (by 18.6% YoY), 
 an expansion of the attach rate as existing customers added more services, and full-quarter contributions from Tictrac.
 
 Dialogue Health has not provided any forward-looking guidance as the company has entered into an agreement to be 
 <a href="https://investors.dialogue.co/English/news/news-details/2023/Dialogue-to-be-Acquired-by-Sun-Life/default.aspx">
 acquired by financial services company Sun Life Financial
 </a>
 for a consideration of CAD 365 million (USD 270 million) or CAD 5.15 (USD 3.82) per share. The transaction is expected to close in Q4 2023. Post acquisition, Dialogue will delist from the Toronto Stock Exchange but will continue to operate as a standalone entity under the &ldquo;Sun Life Canada&rdquo; brand from its head office in Qu&eacute;bec. 
 
 
 
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Dialogue

Grin offers telemedicine and remote monitoring services for orthodontic needs such as braces and teeth straightening. Patients can conduct self-scans (using a Grin device made available to patients in collaboration with 3M) which can be connected to their smartphones and share the feed with orthodontists to access dental solutions. The company plans to go to a subscription-based model after the pandemic. The app also encourages patients to have a 40-second check monthly and share the scan with a dentist in order to allow patients to regularly maintain their dental hygiene.Grin is the only Telehealth disruptor covered on the hub that provides virtual orthopaedic consultations.Funding and financialsIn April 2021, the New York-based teledental platform concluded a seed funding of USD 14 million, and the funds will be allocated to develop additional functionalities by building out its technology. The proceeds will also be used to scale up its team, expand its geographic footprint, and add doctors to the company’s orthodontic partner network.

Grin

Real-time collection of patients’ health-related data using any remote patient monitoring device combined with general telemedicine services to reduce readmission rates. 


A platform that facilitates the transmission of patient data to different locations for further evaluation and interpretation by medical specialists. 


A digital platform that offers specialty care services to address the specific needs of a patient or demographic, including consultations where patients are generally reluctant to meet practitioners face-to-face.

Primary care through virtual consultations for general health-related concerns using a digital platform or mobile app. 

Companies developing B2B software solutions for patient engagement, care navigation, practice management, and electronic health records integration to facilitate telehealth services for healthcare providers. 

IoT is used by most telehealth providers to operate virtual services

All telehealth players are involved in digital health via virtual offerings

Industry players offer varying degrees of personalization for each target audience

Some players offer technology and platforms to healthcare providers, converting physical-only services into virtual services

Specific telehealth offerings focus on diversity and inclusion, providing care to LGBTQ+ or BIPOC populations

Generative AI is used to streamline administrative tasks such as clinical note-taking

Eucalyptus

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