Startup · $15.9m raised
Programs: SmartCompany (the 2021 Smart50 Awards)
Every investor coverage indicates participated in a round InstantScripts raised.
| Investor | Rounds | Invested |
|---|---|---|
| Bailador Technology Investments | Unnamed stage | $5,000,000 |
| Perennial Private Investments | Accelerator | - |
| SmartCompany | Accelerator | - |
The transaction that ended InstantScripts's run as a startup, per published coverage. It closes the funding history too, where it is the ladder's last rung.
| Bought by | Kind | Announced | Price | Sources |
|---|---|---|---|---|
| Wesfarmers | Acquisition | 2023 | $135m | Startup Daily, SmartCompany |
Companies InstantScripts acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Name | Role | Sources |
|---|---|---|
| Dr Asher Freilich | Founder | SmartCompany (Tue 13 Jun 2023), SmartCompany (Wed 10 Aug 2022), Startup Daily, SmartCompany (Wed 8 Dec 2021), SmartCompany (Fri 18 Jun 2021) |
| Maxim Shklyar | Chief Technology and Product Officer · Founder | Startup Daily, SmartCompany |
| Richard Skimin | Chief Operating Officer | SmartCompany (Tue 13 Jun 2023), SmartCompany (Wed 10 Aug 2022) |
Stories naming InstantScripts. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
SmartCompany reports digital health platform Updoc raised $20 million from ASX-listed investor Bailador, its first external capital, and notes the telehealth sector's recent funding activity, including InstantScripts' earlier sale to Wesfarmers.
Also Startup Daily·SmartCompany·Startup Daily·SmartCompany·Forbes Australia·Forbes Australia·Forbes Australia
Telehealth firm InstantScripts, a 2021 Smart50 winner, faces a proposed roughly $135 million takeover by Wesfarmers through API; backer Bailador will exit its whole stake, realising $52 million.
Techboard's monthly roundup tallies October 2022 startup funding at $661m across 99 deals, listing megadeals such as Airwallex, acquisitions, Square Peg's $861m fund close and government grants to program operators.
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SmartCompany names its 2022 Smart50 winners: July tops the list, Ofload ranks second after a $60 million raise, and Mad Paws, Zero Co, Code Like a Girl and Hero Packaging take out category awards.
Bailador bought $5 million of secondary shares in telehealth firm InstantScripts, lifting its valuation 10%. The article also recalls Perennial's role in a $10.9 million raise in June 2021 and Bailador's earlier $16.6 million.
Telehealth platform InstantScripts has taken a $5 million follow-on investment from ASX-listed Bailador, lifting its valuation 10%. The article also recalls a $10.9 million 2021 raise led by Perennial.
Also Startup Daily
Weekly funding wrap covering several raises including Honey Insurance's record seed round, OCR Labs' Series A, and Ena Respiratory's COVID-19 nasal spray funding, plus Investible's second fund first close.