Seer Medical Holdings - Voluntary Administration

Seer Medical Holdings, a Melbourne-based medtech startup, entered voluntary administration on 6 January.

The company was established in 2017 and developed home-based epilepsy diagnostic and monitoring technology.

In 2022, the company received a $30 million investment from Breakthrough Victoria, which was launched in 2021 to be a private investment company for the Victorian government. However, in August 2024, the company initiated a recall of its Seer Home Systems after its products were found not to be compliant with certain International Electrotechnical Commission standards, leading to the closure of 18 clinics in Australia.

The company is also facing an unfair dismissal lawsuit from its co-founder and ex-CEO Dr Dean Freestone.

It said the purpose of the administration is to find the right partner to take Seer Medical forward.

Lindsay Bainbridge and Andrew Yeo of Pitcher Partners were appointed voluntary administrators.