Montu

Montu

Telehealth platform for medical cannabis access

About Montu

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

Industries

Enterprise Software

Healthcare

Company Size

501-1,000

Company Stage

Early VC

Total Funding

$3.6M

Headquarters

Melbourne, Australia

Founded

2019

Overview

Company Does Not Provide H1B Sponsorship

Montu operates an Australian health-technology ecosystem for medical cannabis, linking patients, doctors, and pharmacies. Its products include Alternaleaf, a telehealth clinic where patients can get medical cannabis prescriptions online, and Montu Medical, a platform with tools for healthcare professionals to prescribe cannabis; it also handles supply and distribution as a major supplier. Unlike many players, Montu combines patient access, clinician prescribing tools, and an end-to-end supply chain in one platform. Its goal is to improve access to medical cannabis in Australia through an integrated solution, while expanding its supplier role amid regulatory scrutiny.

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Simplify's Take

What believers are saying

  • Australian market hits A$1.4B by 2025, boosting Montu growth.
  • UK Alternaleaf launch taps 50% CAGR sector, 1.4M patients.
  • Tambassis appointment strengthens pharmacy ties, regulatory navigation.

What critics are saying

  • TGA fines Montu $627k for unlawful advertising, restricts operations.
  • Curaleaf buys UKMC for £21.5M, blocks Alternaleaf patient base.
  • TGA bans Schedule 4 ads, shuts Alternaleaf, drops 80% acquisitions.

What makes Montu unique

  • Montu integrates Alternaleaf telehealth with Montu Medical clinician platform.
  • Montu leads Australia as largest medical cannabis supplier via dispensing-as-a-service.
  • Montu connects patients, doctors, pharmacies in end-to-end ecosystem.

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Funding

Total Funding

$3.5M

Above

Industry Average

Funded Over

1 Rounds

Early VC funding comparison data is currently unavailable. We're working to provide this information soon!
Early VC Funding Comparison
Coming Soon

Benefits

Paid Vacation

401(k) Company Match

401(k) Retirement Plan

Cycle to work scheme

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

10%
Cannabiz
Mar 4th, 2024
Company news: Montu; Vantage Hemp Co; InhaleRx

Montu has named former Pharmacy Guild of Australia national president George Tambassis as a special adviser.

Cannabiz
Sep 28th, 2023
Montu to launch Alternaleaf in the UK

Montu is launching online clinic Alternaleaf in the UK, headed up by local managing director Asif Dewan.

Cannabiz
Sep 22nd, 2023
Montu donates A$2 per patient to Pain Awareness Month

Montu has joined forces with Chronic Pain Australia (CPA) to promote Pain Awareness Month in a bid to raise A$100,000 for the cause.

Birchal
Apr 8th, 2023
Montu - Creating the future of cannabis

We are Montu. Our mission: Improve lives for millions of Australians through medical cannabis therapies.

The Australian Financial Review
Nov 22nd, 2020
Medicinal cannabis-related portal crowdfunds $2m

Montu will use the funds to boost its marketing and attract more doctors on to the platform to service patients who need cannabidiol-related treatments.

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