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Queensland-based health tech company WearOptimo has ruled off its latest funding round with backing from NRL great Adam MacDougall and Canberra-based healthcare provider Aspen Medical.

The Brisbane-based company, founded by biomedical engineer and University of Oxford lecturer Mark Kendall, has gathered $8 million in fresh funding from new and existing investors. Together with $10 million in grant funding, WearOptimo will pursue the next phase of its operation – moving its AI-enhanced wearable hydration monitors from proof of concept to its first sales by the end of 2026.

MacDougall of Newcastle Knights fame who went onto found meal replacement business The Man Shake, now part of Pacific Equity Partners′ stable, led the round alongside previous investor Glenn Keys’s Aspen Medical and retired Formula 1 champion Mark Webber.

Read the full story tomorrow and more on the Street Talk page.

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