Australian telehealth startup Coviu has successfully raised capital of $6 million since its impressive growth during the pandemic. The funding round was backed by Equity Venture Partners, an early stage venture firm. Daniel Szekely, Equity Venture’s Investment Director will be joining Coviu’s board. The funding round was also supported by the VC fund by CSIRO, the Medical Angels, Main Sequence Ventures and the Giant Leap Fund by Impact Investments.
Coviu’s rapid growth
The telehealth startup saw rapid growth during the coronavirus pandemic. Health practitioners and doctors quickly adapted to telehealth and found themselves leaping from 400 calls per day to 25,000 calls daily. This transformation of the business was so noteworthy and dramatic that in just a matter of a week, visits on Coviu website rose by 10,000% and since the pandemic hit in March, their team grew from 7 people to 30.
Coviu empowers doctors and health practitioners with AI-backed clinical tools to make the video calling experience with the patient even better than actually seeing the patient in real life. Based in Brisbane, Queensland, Coviu offers consultations regarding cardiology, dentistry, dermatology, diabetes, dietetics, endocrinology, Endoscopy. general practice, beauty, naturopathy, nutrition, homeopathy, occupational therapy, child health and pediatrics, orthopedics, psychology, psychotherapy, plastic surgery, speech and language therapy, urology, women’s health and much more.
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About Coviu – an Aussie telehealth startup
Coviu was first created within CSIRO, an Australian research organization, as a part of its research into telehealth platforms. The telehealth startup was founded in 2018 by Dr Silvia Pfeiffer. She is also the Chief Executing Officer of Coviu and was named the founder of the Year at Women in Digital National Awards 2020.
People at this company have closely worked with doctors and clinicians and found that the existing video calling software and corporate video conferencing apps weren’t enough or suitable for healthcare services.
These apps had dissatisfactory security and privacy requirements of the healthcare industry and missed crucial functions of the business like appointment making facility, secure payment collection and gathering patient consent, says Coviu on its website. Coviu was established to change all of that and bring much more to the table.
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