Medcast Raises A$5.4M Series A Led by Best Practice Software

Australian medical education and clinical knowledge company Medcast has raised A$5.4 million in Series A funding. The round was led by Best Practice Software.

What Medcast Does

Medcast was founded in 2013 by Dr Stephen Barnett and Justin Lewis. The company operates in the medical education and clinical knowledge space, delivering continuing professional development to more than 100,000 registered healthcare professionals.

Its customer base spans a range of healthcare and public-sector organisations, including Primary Health Networks, government bodies and training organisations.

MedLuma and the AI Clinical Knowledge Push

In 2026, Medcast launched MedLuma, an AI clinical knowledge platform. According to the company, MedLuma answers clinical questions with evidence grounded in Australian guidelines, licensed publisher content and transparent citations. The platform is designed to keep Australian health data onshore.

The combination of a large existing professional audience, established relationships with health organisations and a newly launched AI product positions Medcast at the intersection of clinical education and clinical decision support.

Deal Summary

Company: Medcast
Round: Series A
Amount: A$5.4 million
Lead investor: Best Practice Software
Announced: 25 September 2026
Founded: 2013
Founders: Dr Stephen Barnett and Justin Lewis
Headquarters market: Australia

Why It Matters

The Series A gives Medcast additional capital as it scales MedLuma alongside its core continuing professional development business. The involvement of Best Practice Software as lead investor ties the company to an established player in the Australian primary care software ecosystem, a segment that overlaps directly with Medcast's clinician audience and its network of Primary Health Networks and training organisations.

For a company that has spent more than a decade building reach across Australia's registered healthcare workforce, the round marks a transition toward product-led growth in AI-assisted clinical knowledge, with an explicit emphasis on Australian guidelines, licensed content and data residency.

What to Watch

The key questions following the raise centre on how quickly MedLuma converts Medcast's existing professional base into platform users, and how the company expands its licensed publisher content and guideline coverage. Medcast has not disclosed valuation, revenue figures or specific deployment targets for the new capital.

At a Glance

Medcast is an Australian medical education and clinical knowledge company founded in 2013. It delivers continuing professional development to over 100,000 registered healthcare professionals and works with Primary Health Networks, government bodies and training organisations. In 2026 it launched MedLuma, an AI clinical knowledge platform grounded in Australian guidelines, licensed publisher content and transparent citations, with Australian health data kept onshore. The company has now closed a A$5.4 million Series A led by Best Practice Software.