Funding announcement
3. Midnight Health
Smart50 profile ranking telehealth provider Midnight Health third, noting its founders, Queensland base and earlier $40 million backing from NIB across several rounds.
Startup · $31m raised
Midnight Health
Brisbane, QLD
Funding history
-
Series B : $15,000,000
-
Series A : $12,000,000Reported valuation $48,000,000 post-money per the original report, not confirmed by the company.
-
Unnamed stage : $4,000,000
Investors
Every investor coverage indicates participated in a round Midnight Health raised.
| Investor | Rounds | Invested |
|---|---|---|
| NIB Holdings | Series B · Series A · Unnamed stage | $31,000,000 |
What Midnight Health bought
Companies Midnight Health acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
People
| Name | Role | Sources |
|---|---|---|
| Matt Anderson | Founder | SmartCompany, Startup Daily |
| Nic Blair | CEO · Founder | SmartCompany, Startup Daily |
Coverage
Stories naming Midnight Health. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
9 deals
FUNDED June 2023 – Including a Teaser of Funded FY23
Techboard's June 2023 roundup of Australian startup funding, led by Pet Circle's $75m Series D, lists raises by Stacked Farm, Lyka, In1Bank, Splend, ImmVirX, Midnight Health, Sicona and Nutromics, and teases its FY23 review.
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$810 million in three months: The biggest VC deals revealed
A quarterly Cut Through Venture survey reports Australian startups raised $810 million across 90 deals in Q2 2023, listing the largest rounds and noting improved investor sentiment despite a sluggish first half.
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Eight Aussie startups that have raised $75.6 million in the past two weeks
Roundup of eight Australian startups that together raised $75.6 million across two weeks, spanning health, batteries, EV fleets, edtech and equity crowdfunding campaigns.
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4 deals
Insurer nib takes third bite of online scripts startup Midnight Health, pledging $24 million for 77% stake
Insurer nib has injected a further $15 million into Brisbane online prescriptions platform Midnight Health's Series B, lifting its holding to 77%, having backed the company since 2021; rival Eucalyptus recently banked $50 million.
2 deals
Insurer nib backs Queensland startup Midnight Health in $12 million Series A
Brisbane digital healthcare company Midnight Health has raised a Series A from insurer nib, valuing it at $48 million, following an earlier investment, with funds going to technology, staff and new product launches.
10 deals
Nine startups that raised more than $1 million this week
Weekly roundup of nine Australian startup raises, led by SimPRO's $485.6 million round, plus SimPRO's acquisitions of AroFlo and ClockShark and Open Markets Group's buyout of Cannon Trading.
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Unnamed stage
$4m
Insurer nib takes 50% stake in medtech startup Midnight Health in $4 million deal
Health insurer nib has paid $4 million for a half share of digital health startup Midnight Health, whose platforms Youly and Stagger sell online healthcare, with funds earmarked for growth and a strategic partnership.