Press release issued by splose on Feb. 9th, 2026

ADELAIDE, Australia — splose, the AI platform modernising practice management for Allied Health professionals, has today announced a AUD$46M capital raise led by leading growth equity firm Spectrum Equity, with participation from Athletic Ventures.

According to the South Australian Government, this marks the largest Series A growth capital raise by a South Australian SaaS startup in history.

Founded in Adelaide, splose is building the AI platform for Allied Health professionals to deliver care at scale. It has rapidly become the operating system of choice for over 20,000 Allied Health professionals across Australia, the UK, and New Zealand. splose has consistently grown over 100% year-on-year by offering an easy-to-use, AI-powered operating platform that lets them run healthier businesses and focus more on patient care.

"Demand for Allied Health services has skyrocketed, but so many Allied Health practices are using a patchwork of siloed software, manual admin work, and AIs that aren’t actually that helpful,” says Nicholas Sanderson, Founder and CEO of splose. “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.

Spectrum Equity has a global reputation for scaling category-defining B2B SaaS software companies, as well as a deep track record in healthcare technology investments. And Athletic Ventures has already partnered with some of Australia’s fastest growing and most impactful technology startups. Partnering with both these great companies 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 Managing Director Matt Neidlinger will be joining the company’s Board of Directors. He adds:

"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.

We’re excited to partner with Nick and the team, supporting splose’s continued product innovation and expansion – in Australia, the UK, and beyond."

Matt Dellavedova, Co-Founder of Athletic Ventures sees the value the splose delivers to clinicians:

“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.”

Mark Velik, Investment Principle from existing investor EVP, reaffirms their conviction in the team:

“'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.”

South Australian Trade and Investment Minister Joe Szakacs offered his congratulation on the milestone:

“Congratulations to splose, who have secured this significant investment to support their continued trajectory of high growth. With an earlier $100,000 grant from the South Australian Government’s Seed Start grant, it shows the value in identifying and supporting high growth potential businesses in their early stages. It also indicates the opportunity for informed investors presented by the many innovative companies that are growing in South Australia.”

Media contact: Liam Smee, liam.smee@splose.com

About splose

splose is an AI-powered Australian company that develops practice management software designed to automate administrative workflows for allied health providers. The company’s software offers services that include automated patient onboarding, scheduling appointments, case management, invoicing and payments and practice performance reporting. Visit splose.com

About Spectrum Equity

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. With offices in Boston, San Francisco, and London, the firm is investing its tenth fund with $2 billion in limited partner capital. Representative investments include AllTrails, Ancestry, Definitive Healthcare, GoodRx, Lucid Software, Origami Risk, SurveyMonkey, Teachers Pay Teachers, and Verafin. For more information, including a complete list of portfolio investments, visit our portfolio page.

About Athletic Ventures

At Athletic Ventures, we are a community of elite athletes who invest in and support innovative and disruptive private companies. We recognise the relentless pursuit of excellence required in both sport and business, and we leverage this mindset to accelerate growth in our portfolio companies. Visit athletic.vc .

About EVP

EVP is an early stage venture capital firm focused on B2B software companies. EVP currently has over $400m under management across a portfolio of over 45 software companies. Based in Sydney, Australia, EVP invests entirely in B2B SaaS and marketplace companies across a broad range of industries. Companies include the likes of Ignition, Deputy, Shippit, AutoGrab, Hnry and Mutinex. Visit evp.com.au.