# Healthengine

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/healthengine

- Industry: Internet
- Headquarters: Perth, Australia
- Website: www.healthengine.com.au
- Total disclosed funding: $51M
- Latest round: Series E (Feb 1, 2022)
- Investors on record: 6

## About

Healthengine Limited is an online healthcare platform that facilitates finding and booking appointments with various healthcare providers, enhancing patient access to medical services across Australia.Healthengine Limited was founded in 2006 in Perth, Australia, and specializes in connecting patients with healthcare providers. The company has not undergone any significant pivots in its strategy or operations. The founders of Healthengine include Adam Yap, Darius Wey, and Marcus Tan. Dan Stinton currently serves as the CEO. The company has successfully raised USD 30.00 mn in its latest funding round, Series E, bringing its total amount raised to USD 30.00 mn. Healthengine has completed six deals to date.Healthengine specializes in providing a comprehensive online platform for finding and booking healthcare providers across various specialties. The core offerings include services for general practitioners, telehealth consultations, dental care, mental health support, and physiotherapy. The platform facilitates user-friendly access to healthcare services by enabling patients to search for practitioners based on their location and specific healthcare needs. Healthengine’s services are designed to streamline the appointment booking process, reduce wait times, and improve patient access to healthcare. The company caters to a diverse client base that includes individual patients seeking healthcare services as well as healthcare providers looking to list their practices. Healthengine operates primarily in Australia, offering its services across major urban centers such as Sydney, Melbourne, and Brisbane, as well as extending its reach to rural areas through telehealth options.Healthengine generated revenue of USD 13,652,379.70 in the most recent year, 2023, with an EBITDA of USD -3,565,084.70. The company generates revenue through a combination of partnerships and service fees associated with its platform. Healthcare providers can list their practices for free, while the company charges fees for appointments booked through the platform. Revenue also stems from partnerships with healthcare providers, including subscription-based services for enhanced listings and promotions, supporting direct transactions between patients and practitioners.Healthengine Limited plans to utilize the recent funding from the Series E round to further enhance its platform and expand its market reach. The company is exploring new product offerings aimed at improving patient engagement and healthcare accessibility. Plans for expanding into new geographic regions are in development, with a focus on increasing its presence in underserved areas across Australia. There is also an intent to innovate within telehealth services to accommodate a broader range of healthcare needs.

## Funding rounds

- Series E, Feb 1, 2022, $30M — LVP
- Series C, Apr 4, 2017, $20M — Hong Shan, Titanium Ventures, Go Capital, Alium Capital Management
- Angel, Apr 26, 2012, $0.7M — Larsen Ventures

## Investors

- Larsen Ventures (https://capitalatlas.ai/funds/larsen-ventures) — Angel
- Hong Shan — Series C
- Titanium Ventures (https://capitalatlas.ai/funds/titanium-ventures) — Series C
- Go Capital — Series C
- Alium Capital Management (https://capitalatlas.ai/funds/alium-capital-management) — Series C
- LVP (https://capitalatlas.ai/funds/lvp) — Series E