{"id":44883,"date":"2023-10-20T15:39:19","date_gmt":"2023-10-20T15:39:19","guid":{"rendered":"http:\/\/startupsmart.test\/2023\/10\/20\/how-healthkit-beat-the-odds-to-raise-more-than-1-5-million\/"},"modified":"2023-10-20T15:39:19","modified_gmt":"2023-10-20T15:39:19","slug":"how-healthkit-beat-the-odds-to-raise-more-than-1-5-million","status":"publish","type":"post","link":"https:\/\/www.startupsmart.com.au\/uncategorized\/how-healthkit-beat-the-odds-to-raise-more-than-1-5-million\/","title":{"rendered":"How HealthKit beat the odds to raise more than $1.5 million"},"content":{"rendered":"
A Melbourne health-tech startup has beaten the odds and secured an investment that’s more than double what the founders were looking for.<\/p>\n
HealthKit co-founder Alison Hardacre says she was initially on the hunt for $750,000 but ultimately secured a Series A round of $1.6 million from an unnamed “prominent Melbourne-based family office investor”.<\/p>\n
Hardacre says the investment will be used to supercharge the health administration startup’s international expansion as it aims to become one of the world’s leading health-tech platforms.<\/p>\n
\u201cOur ultimate vision is for every practitioner, private practice and patient to be able to use HealthKit to manage their health and manage their practice,\u201d Hardacre tells StartupSmart.<\/em><\/p>\n She says they first met with Series A investors in December last year.<\/p>\n Within a couple of months and a few more meetings with the investor group, HealthKit decided to take on more than double the expected funding because of the long-term potential of the relationship, she says.<\/p>\n Until now, HealthKit has been mostly bootstrapped along with help from a few angel investors.<\/p>\n \u201cHealth-tech is a really complex market,\u201d Hardacre says.<\/p>\n \u201cIt was important to get an investor that understood the health sector and complexity of the space.\u201d<\/p>\n Hardacre says finding this compatible major investor is a game-changer for HealthKit.<\/p>\n \u201cIt\u2019s not just about investment, the person behind this family has had experience building multiple businesses and is a serial entrepreneur,\u201d she says.<\/p>\n