Investor · 3 deals
Every published round NIB Holdings took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| Midnight Health | Series B | Jun 2023 | $15m | Lead | Techboard, Forbes Australia, Startup Daily | |
| Midnight Health | Series A | 31 Aug 2022 | $12m | Lead | SmartCompany, Startup Daily (Tue 20 Jun 2023), Startup Daily (Wed 31 Aug 2022) | |
| Midnight Health | Unnamed stage | 25 Nov 2021 | $4m | Lead | Startup Daily (Tue 20 Jun 2023), Startup Daily (Wed 31 Aug 2022), SmartCompany, Startup Daily (Thu 25 Nov 2021) |
Companies NIB Holdings has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Midnight Health | 25 Nov 2021 | 3 | 3 |
Fund closes reported for NIB Holdings, as distinct from the investments it has made.
Companies NIB Holdings has backed that another company then bought. An exit for the holding, not a deal NIB Holdings did.
| Name | Role | Sources |
|---|---|---|
| Mark Fitzgibbon | Managing Director | Startup Daily (Tue 20 Jun 2023), Startup Daily (Thu 25 Nov 2021) |
| Ed Close | Chief Executive, Australian Health Insurance | Startup Daily |
| David Gordon | Chair | Startup Daily |
Stories naming NIB Holdings. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Digital health firm Perx Health splits in two: Clutch has bought its US business and its Australian arm will combine with Navigator Group, with founders moving to roles at the buyers.
Also Dealroom
Smart50 profile ranking telehealth provider Midnight Health third, noting its founders, Queensland base and earlier $40 million backing from NIB across several rounds.
Roundup of eight Australian startups that together raised $75.6 million across two weeks, spanning health, batteries, EV fleets, edtech and equity crowdfunding campaigns.
Also The Mandarin·SmartCompany·Techboard·Startup Daily·Startup Daily·SmartCompany·SmartCompany·Startup Daily·Forbes Australia
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.
Hospitality ordering platform Ordermentum, cofounded by Adam Theobald, raised $6.2 million in July, with earlier raises in 2017 and 2021 and a secondary stake sale by RoZetta also recounted.
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.
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.
Also Startup Daily·SmartCompany·Techboard·SmartCompany·SmartCompany
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.
ScreenCoach has received a second-stage government commercialisation grant, adding to earlier first-stage funding, and has launched a capital raise of equity and SAFE notes to finish beta trials and launch its screen-time product.
Also Wholesale Investor