# Avicena Systems funding: rounds and investors

> Avicena Systems has raised $44M across 1 round since 2022. Investors include Australian Government. Every round with its source.

Source: https://millionrounds.com/company/avicena-systems (Millionrounds; every figure on the page links to its filing or article)

Australia · [Venture startup](https://millionrounds.com/companies)

# Who invested in *Avicena Systems*

One round we have observed, with the one investor named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Healthcare

Funding summary Updated 26 Oct 2026

**$44M** raised across 1 round since 2022, from 1 source

- **Latest round:** Venture, $44M Mar 2022
- **Investors:** 1

See who backed them

## The rounds

- **Mar 2022** Venture **$44M** [Australian Government](https://millionrounds.com/fund/australian-government) Source recorded

## Founders and team

From Avicena Systems's own website: 1 founder, 6 on the team.

**Paul Ostergaard** Founder & Key Inventor

- **Tony Fitzgerald** Chief Executive Officer
- **Dr Paul Watt** Executive Chairman & Chief Scientific Officer
- **Mark Sheridan** Chief Operating Officer, Manufacturing & Engineering
- **Tony Stevens** Head of Engineering & Manufacturing
- **Dr John Tarrant** Non-Executive Director
- **Soly Halabi** Non-Executive Director

## Everyone who backed them

[Australian Government](https://millionrounds.com/fund/australian-government) Government **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=avicena-systems).

## Quick answers about Avicena Systems

### Who invested in Avicena Systems?

Avicena Systems's investors include Australian Government.

### How much has Avicena Systems raised?

Avicena Systems has raised $44M across 1 round since 2022.

### When did Avicena Systems last raise?

Avicena Systems's most recent round was a Venture of $44M in Mar 2022.

### What was Avicena Systems's biggest round?

Its most recent round, $44M in Mar 2022, is also its largest on record.

### Who backed Avicena Systems first?

Avicena Systems's first round on record, in Mar 2022, was backed by Australian Government.

### What stage is Avicena Systems at?

Avicena Systems's latest named round is a Venture, in Mar 2022.

### Where is Avicena Systems based?

Avicena Systems is based in Australia.

## Companies like Avicena Systems

In the same sector, and raised in the last eighteen months.

[**GonGlobal** $1.2M · Sept 2026](https://millionrounds.com/company/gonglobal)[**updoc** $23M · Sept 2026](https://millionrounds.com/company/updoc)[**Elita** $3.2M · Sept 2026](https://millionrounds.com/company/elita)[**Heidi Health** $332M · Sept 2026](https://millionrounds.com/company/heidi-health)[**Vexev** $17M · Aug 2026](https://millionrounds.com/company/vexev)[**Navi Medical Technologies** $9.2M · Jul 2026](https://millionrounds.com/company/navi-medical-technologies)

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