Business News Australia: Bailador invests $20m in fast-growing telehealth startup Updoc
Sydney-headquartered digital healthcare platform Updoc has broken from its bootstrapped roots by receiving a $20 million investment from Bailador Technology Investments (ASX:BTI), which is set to supercharge its offering that has helped 200,000 Australians connect with practitioners.
The inclusion of Updoc in Bailador's portfolio adds to its other Australian health tech investments including Access Telehealth, men's health focused Mosh, and InstantScrips which it exited in mid-2023 year in a $135 million buyout from Wesfarmers (ASX: WES) subsidiary Australian Pharmaceutical Industries.
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