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Airtree / HotDoc

Approved · Waiver · decided in 24 days, 19 Mar 2026

Healthcare & Life SciencesWA-50006ACCC register

Airtree Ventures Opportunity Fund V Trusco Pty Ltd, managed by Airtree, is investing in Aegleon Holdco Pty Ltd via a share subscription. This provides an indirect interest in HotDoc Online Pty Ltd, a digital healthcare platform for Australian general practitioners, enabling patient engagement and virtual care.

Timeline

  1. 23 Feb 2026Filed with the ACCC
  2. 19 Mar 2026Notification waiver determination publishedPDF · 146.3 KB

Acquisition details

Airtree Ventures Opportunity Fund V Trusco Pty Ltd as trustee for the Airtree Ventures Opportunity Fund V Stapled Trust ( Airtree Fund ) proposes to invest in Aegleon Holdco Pty Ltd ( Aegleon ) by way of subscription for shares, and thereby indirectly acquire a small interest in HotDoc Online Pty Ltd ( HotDoc ), which is a wholly-owned indirect subsidiary of Aegleon. Airtree Fund is a venture capital fund managed by Airtree. Airtree is a venture capital firm based in Australia which predominantly invests in early-stage and high-growth Australia and New Zealand-based technology companies. Funds managed by Airtree (including the Airtree Fund) hold minority investments in over a hundred companies in Australia, New Zealand and around the world. Aegleon is a holding company incorporated in connection with the acquisition of HotDoc by funds managed by Potentia, an Australian private equity firm specialising in technology and software investments. HotDoc is a digital healthcare platform enabling patient engagement, scheduling, messaging, payments, and virtual care for general practitioners across Australia. HotDoc’s platform enables patients to book and manage their healthcare appointments with healthcare professionals.

Parties

Acquirer
Airtree Ventures Opportunity Fund V Trusco Pty Ltd atf Airtree Ventures Opportunity Fund V Stapled T ABN - 14 646 384 732
Target
Aegleon Holdco Pty Ltd ACN - 693 692 769
Other parties
HOTDOC ONLINE PTY LTD ABN - 84 159 662 558
ANZSIC
  • 5420 Software Publishing
  • 5921 Data Processing and Web Hosting Services
  • 6419 Other Auxiliary Finance and Investment Services
  • 7000 Computer System Design and Related Services
  • 8511 General Practice Medical Services
  • 8512 Specialist Medical Services
  • 8531 Dental Services
  • 8532 Optometry and Optical Dispensing
  • 8533 Physiotherapy Services
  • 8534 Chiropractic and Osteopathic Services
  • 8539 Other Allied Health Services

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