The Venture Codex Logo

The Venture Codex

Australian Medical Angels

No physical office, Sydney, New South Wales, 2000, Australia

Overview

Australian Medical Angels is an Angel Syndicate that connects investors with early-stage health technology companies in diverse areas. The firm leverages its medical expertise to identify and support innovative companies in the healthcare sector, including biotechnology, medical devices, digital health, and pharmaceuticals. By providing capital and mentorship, Australian Medical Angels aims to accelerate the growth of healthcare startups and improve patient outcomes. The network comprises healthcare professionals passionate about advancing medical innovation and supporting entrepreneurs in the industry.

Total investments
3
Lead investments
1
Investments · 12mo
1
Active investors
2

Sector focus

  • Business Development
  • Finance
  • Financial Services
  • Health Care
  • Medical
  • Medical Device
Visit website

Investment portfolio

  • GXE

    Participated · Series A · Oct 2025

    Founded in 2020 by Ed Hooper and Andrew Armstrong, GXE offers an all-in-one software platform that enables fund managers, family offices and other investment professionals to handle securities management, investor communications, tax and regulatory compliance from a single interface. The system replaces spreadsheets and disconnected tools, giving users a unified ‘source of truth’ that improves efficiency and builds trust with LPs. GXE already supports thousands of investors across more than 250 funds and special-purpose vehicles, demonstrating early product-market fit. The company’s founders previously built and exited Omny Studio, lending them credibility in scaling SaaS products. With the fresh capital, GXE plans to hire additional software engineers and operational staff to expand the platform and serve its rapidly growing client base, which includes MA Financial, Nash Capital, Westpac-backed Reinventure and Glitch Capital. To date, the fintech has raised a total of US$5.3 million in funding. The oversubscribed Series A underscores investor confidence in GXE’s potential to transform private-asset operations.

  • Telecare

    Led · Seed · Jul 2022

    Telecare operates a virtual clinic platform aimed at providing faster, easier and more affordable access to clinical specialists across Australia. The company is developing extensive in-house software to automate telehealth delivery and streamline the clinical communication chain. Telecare frames its mission around increasing equitable access to healthcare and empowering clinicians to act at the right time. CEO and co-founder Michael Wang has highlighted scaling the software as a near-term priority. The company has been featured in The Australian and discussed on LinkedIn in connection with its fundraising and mission.

  • Coviu

    Participated · Equity · Dec 2020

    Coviu operates a built-for-purpose telehealth platform designed for clinicians, with integrations such as PhysioROM and ResApp to support diagnostic and treatment workflows. The company says it was built for scalability and privacy, positioning itself as an alternative to consumer video tools for healthcare delivery. Usage surged during the COVID-19 pandemic, with a reported 4,000% increase in telehealth sessions since December 2019 and over 300,000 telehealth consultations per month. Coviu was #2 on Deloitte’s list of 50 fastest-growing companies in 2020, reporting 11,553% growth that year. Management intends to use digital tools to improve access, efficiency, and affordability of care and to continue product-led growth focused on clinician needs. The company has announced plans to expand into the US by the end of 2020 and into Europe, the Middle East and Africa in 2021 to accelerate international adoption. Coviu develops a telehealth solution for physiotherapy that conducts range-of-motion analysis via video calls. Its PhysioROM product uses artificial intelligence and machine learning to monitor patient progress and enable remote physiotherapy sessions. The company plans to develop and commercialise PhysioROM to expand remote care offerings. Coviu says the technology can free up hospital beds by enabling patients, particularly those from rural and remote communities, to return home sooner after joint surgery. Recent funding for the project is a government Cooperative Research Centre Project (CRC-P) grant that will support commercialisation efforts. Partner organisations on the project include CSIRO’s Data61, health clinic HFRC and the School of Sports Science, Exercise and Health at the University of Western Australia. Coviu builds a WebRTC-based telehealth platform spun out of the CSIRO’s Data61. Its core product enables real-time video consultations in a user’s browser via a simple URL, requiring only a computer and internet connection. The platform includes custom tools tailored to different health specialisations, such as speech pathology and psychiatry. It is positioned to improve access to care in regional, rural, and remote areas with limited internet and healthcare resources. Coviu is currently used by 1,100 clinicians and connects them to more than 20,000 patients, and the company expects to be working with 7,000 clinicians by the end of 2018. The startup raised $1 million from Main Sequence Ventures, and the CEO said the funding will be used to scale and pursue partnerships with health systems.

Team