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HealthMatch

Connects patients to clinical trials worldwide

Overview

HealthMatch is a digital platform that connects patients with suitable clinical trials worldwide. It maintains a comprehensive database of trials across medical conditions and provides a user-friendly interface for patients to search and enroll. Sponsors and healthcare organizations partner with HealthMatch to find participants, enabling revenue through these partnerships. Unlike generic job-matching sites, HealthMatch focuses on clinical trial recruitment and uses global reach to match patients with appropriate studies efficiently. The company’s goal is to accelerate medical research and the development of new treatments by increasing patient participation in clinical trials.

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About HealthMatch

Simplify's Rating
Why HealthMatch is rated
C+
Rated C on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & AnalyticsHealthcare

Company Size

11-50

Company Stage

Series C

Total Funding

$25.8M

Headquarters

Sydney NSW, Australia

Founded

2017

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Simplify's take

What believers are saying

  • BioSpectrum reported an 11 November 2026 funding round for U.S. expansion.
  • Allens said it advised HealthMatch on its $10 million Series C raise.
  • September 2026 terms show commission revenue from sponsors at application, scheduling, and progression stages.

What critics are saying

  • HealthMatch last announced funding was September 2022; runway depends on sponsor conversion growth.
  • Terms state HealthMatch does not run trials, limiting control over enrollment quality and timelines.
  • Competing platforms and CROs can bundle recruitment, squeezing HealthMatch's standalone value proposition.

What makes HealthMatch unique

  • HealthMatch matches patients to trials worldwide and charges sponsors through conversion-based commissions.
  • September 2026 terms confirm it operates both U.S. and Australia entities for trial matching.
  • RevenueBase tracked Sydney headquarters and 11-50 employees, showing a focused specialist business.

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Funding

Total Funding

$25.8M

Below

Industry Average

Funded Over

4 Rounds

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.
Series C Funding Comparison
Below Average

Industry standards

$50M
$6.8M
$40M
$50M
$62M
$100M

Benefits

  • Remote Work Options
  • Company Equity

Growth & Insights and Company News

6 month growth

4%

1 year growth

0%

2 year growth

8%
Startup Daily
Sep 12th, 2022
Clinical Trials Startup Healthmatch Lands $10 Million Series C

Clinical trials access startup HealthMatch has raised $10 million in Series C. The round was led by the company’s original backer, Folklore Ventures. Paul Bassat’s Square Peg Capital led an $18 million Series B in the Sydney-based startup in December 2020, also invested in the Series C. Square Peg also led a $6 million series A in late 2019. Malcolm and Lucy Turnbull and Tempus Partners are among the previous investors in HealthMatch, which uses machine learning to automate clinical trials for contract research companies

The CEO Magazine
Jul 13th, 2021
Healthmatch receives financing of $25M in venture capital

Officially launched in 2019, HealthMatch has raised A$25 million in venture capital from investors across Australia, the US and Singapore (where the company received the largest local health tech funding round in Australia for 2020), making access to emerging potential treatments much easier for patients.

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