Health Info > In The News Published on : March 27, 2024

Hola Health Raises $4.5 Million in Pre-Series A Funding, Led By M8 Ventures

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Hola Health, Australia’s fastest-growing startup in telehealth, secures $4.5 million in pre-Series A funding. Led by M8 Ventures, with contributions from FundWA and various angel investors, this investment will drive Hola Health's goal of providing immediate, accessible healthcare services throughout Australia, irrespective of location. The funds will facilitate the expansion of operations to reach a wider audience, including both consumers and corporate clients. Hola Health, the Health-tech startup, has existing partnerships with HealthEngine, MedAdvisor, Terry White Chemmart, and is also featured on the Uber Eats and DoorDash online pharmacy marketplaces. Lenin Rajendran, Co-founder and CEO of Hola Health, mentioned that this is a pivotal moment: “This investment is not just a financial boost but a strong vote of confidence in our vision to make primary healthcare accessible and immediate for all Australians,” he said. “We’re now set to fast-track our growth, bringing our services to even more people across the country, and preparing for our first international markets.” Emily Rich, General Partner at M8 Ventures, will be joining the Hola Health board. “We are excited to lead this round of investment for Hola Health. Their innovative approach to on-demand healthcare, combined with their impressive growth and commitment to excellence, aligns perfectly with our investment philosophy. We look forward to supporting Hola Health as they continue to expand and redefine healthcare accessibility in Australia,” said Emily Rich.

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Read more about this funding in the news announcements below.

Announcing Hola Health’s AUD4.5M Pre-Series A, led by M8 Ventures, The M8 Blog: Link
Hola Health greets a new chapter in telehealth with $4.5m pre-Series A raise, The Business News Australia: Link
M8 Ventures returns to lead $4.5m pre-Series A for medtech startup Hola Health, Startupdaily: Link
Hola Health secures $4.5 million to slash wait times with on-demand telehealth, Smart Company: Link

About Hola Health: Hola Health is a digital platform that provides telehealth consults, online medical certificates, online scripts, mental health treatment plans, referrals, and pharmacy delivery. Recognised as a standout performer by the Australian Financial Review’s Fast Starters list, Hola Health is transforming communities with telehealth, providing timely and quality healthcare for patients across Australia. Trusted by 250,000+ Aussies, Hola Health provides round-the-clock access to health services by operating 24 hours a day and 7 days a week and within 15 minutes.

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Disclaimer

This blog is for general informational purposes only and does not indicate that Hola Health provides all treatments or preventive measures mentioned. It is not intended to be a substitute for professional medical advice. Always seek the guidance of your doctor or other qualified health professional with any questions you may have regarding your health or a medical condition. For emergencies please immediately contact 000. Any medical topics discussed are intended to educate, not to imply availability through Hola Health.