Today marks a defining moment for splose.
We are thrilled to announce an AUD$46M capital raise led by the US-based growth equity firm Spectrum Equity, with participation from Athletic Ventures.
This is the largest Series A capital raise for a South Australian-founded technology company in history. splose has helped tens of thousands of Allied Health professionals all over the world, and this raise enables us to accelerate the mission of helping every Practitioner deliver care at scale.
A better way for Practitioners to scale care
Founded in 2018 by Nicholas Sanderson, splose began with a simple observation: Practitioners were spending more time on admin tasks than with patients. All the time that should have gone to care was wasted on manually moving data between different software, navigating clunky patient booking portals, trying to manage payments, and hours of manual reconciliation just to understand where their business was.
splose solves these problems. It's simple, end-to-end platform rapidly became the operating system of choice for over 20,000 Allied Health professionals across Australia, the UK, and New Zealand.
Demand for Allied Health services has skyrocketed.
The sector has historically been burdened by legacy software, and a lack of structured investment aimed at solving the actual challenges Practitioners face. This leaves Practitioners struggling to run their businesses, rather than focusing on patient care.
splose is here to fix that.
Growing a platform that customers love
One of the keys to our success has been understanding the problems that Practitioners have, and then building a platform that actually solves them (and makes it easy!). It was important for us that we find partners who shared our obsession with making something our customers actually love.
We chose splose because of its ease to use. We can do case load management. We can book appointments. We can manage cases. We can do case notes. It's perfect for our practice.
This raise enables splose to solve more challenges for more Practitioners.
In particular this includes further expansion into the UK market (after an initial launch 18 months ago); accelerating product development, with a focus on deeper, more intuitive AI-integration to improve Practitioner workflows; delivering easier-to-use payment solutions to assist with the estimated AUD$50B of global payments made annually; and strengthening the tools available to Practice Managers, including business reporting, patient-experience, and integrated payments and invoicing.
New Partners for global growth
Partnering with Spectrum Equity and Athletic Ventures enables us to leverage their global reach and experience to accelerate our mission to improve the business and lives of Allied Health providers and the care they can provide to their patients.
Spectrum Equity, leaders in scaling global health-tech
Spectrum Equity is a leading growth equity firm providing capital and strategic support to innovative companies in the information economy. For over 30 years, the firm has partnered with exceptional entrepreneurs and management teams to build long-term value in market-leading internet-enabled software, data, and information services companies.
We seek to invest in vertical software businesses that deliver distinctive value and are truly loved by their users. splose has quickly become a trusted, end-to-end operating platform for allied health professionals in Australia, using AI to help clinicians run more efficient, scalable practices and spend more time on patient care.
Moreover, the feedback from their customer base is clear: they don't just use splose, they love it.
We’re excited to partner with Nick and the team, supporting splose’s continued product innovation and expansion – in Australia, the UK, and beyond."
Partnership with Athletic Ventures
Athletic Ventures is a community of elite athletes who invest in and support innovative and disruptive private companies. They recognise the relentless pursuit of excellence required in both sport and business, and leverage that mindset to accelerate growth in our portfolio companies.
There is a natural alignment between elite sports and allied health. splose is solving real world problems facing clinicians to enable them to provide the best possible care to their patients.
We are incredibly excited to partner with splose as they continue to scale and improve the level of care allied health workers are able to provide.
Continuing support from EVP
EVP is an early stage venture capital firm focused on B2B software companies. They led splose’s pre-Series A investment.
Since our initial investment, the splose team has gone from strength to strength. We are delighted to welcome Spectrum Equity and Athletic Ventures to the table for this next exciting chapter.
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Be a part of it
While our headquarters remain in Adelaide, our footprint is expanding. This investment means scaling our teams so we can bring more solutions to market, faster. We’ll also be accelerating our growth in Australia and the UK.
If you’d like to be part of the mission to help health practitioners deliver better care, connect with us and see our open roles on LinkedIn.
Most of all...
From all of us at splose: thank you.
This is an exciting day and it wouldn't have been possible without all our existing customers, our industry partners, our community, and everyone who has been part of our journey so far.
The splose leadership team
