What is Patchwork Health?
Patchwork Health, founded in 2016 by NHS doctors Anas Nader and Jing Ouyang, emerged from a public-private partnership with Chelsea and Westminster NHS Trust. The company has since expanded its innovative technology across more than ten NHS Trusts, demonstrating substantial savings in staffing expenditures and providing clinicians with a flexible, responsive approach to accessing shifts. Their commitment to improving healthcare operations was further recognized with the prestigious HSJ Partnership Award in the "Medical Software, Systems and Technology" category earlier this year. Headquartered in London, United Kingdom, Patchwork Health is a key player in the health-tech sector, focusing on optimizing workforce management within the National Health Service.
How much funding has Patchwork Health raised?
Patchwork Health has raised a total of $32.8M across 3 funding rounds:
Unspecified
$3.9M
Unspecified
$4.9M
Series B
$24M
Unspecified (2020): $3.9M with participation from Praetura Ventures and BMJ
Unspecified (2021): $4.9M led by Praetura Ventures and BMJ New Ventures
Series B (2022): $24M, investors not publicly disclosed
Key Investors in Patchwork Health
Praetura Ventures
Praetura Ventures is an investment firm focused on supporting entrepreneurs. They aim to build stronger businesses through comprehensive support, including operational guidance and expertise from seasoned professionals, in addition to capital.
BMJ
BMJ is a global healthcare knowledge provider, publishing the British Medical Journal and a wide range of other journals and resources for medical professionals. Their venture arm likely focuses on innovative health technologies.
Praetura Ventures
PXN Ventures, formed from the merger of Praetura Ventures and Par Equity, focuses on supporting entrepreneurs beyond just financial investment. With a commitment to enhancing the investment ecosystem in Northern England, Northern Ireland, and Scotland, they aim to build stronger businesses through comprehensive support. Their approach emphasizes the importance of operational guidance and expertise from seasoned professionals in addition to capital. PXN Ventures champions a collaborative environment for founders, advisers, and investors to foster growth and success.
What's next for Patchwork Health?
The substantial enterprise-level funding and recent strategic investment signal a new phase of accelerated growth and market penetration for Patchwork Health. This capital infusion is expected to fuel further technological development, expand the company's reach to additional NHS Trusts, and potentially explore new healthcare verticals. The company's proven ability to generate significant cost savings and enhance clinician flexibility positions it for continued success and leadership in the health-tech landscape.
See full Patchwork Health company page
