What is Patchwork Health?
Patchwork Health, founded in 2016 by NHS doctors Dr. Anas Nader and Dr. 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. Its platform is designed to provide flexible and responsive clinician shift access, leading to substantial savings in staffing expenditures. Patchwork Health's commitment to improving healthcare operations was recognized with the 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, leveraging technology to optimize healthcare workforce management.
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 BMJ and Praetura Ventures
Unspecified (2021): $4.9M led by BMJ New Ventures and Praetura Ventures
Series B (2022): $24M, investors not publicly disclosed
Key Investors in Patchwork Health
Praetura Ventures
Praetura Ventures, a key backer, focuses on supporting entrepreneurs beyond financial investment, aiming to build stronger businesses through comprehensive operational guidance and expertise.
BMJ
BMJ, a significant investor, likely brings strategic insights and industry connections to Patchwork Health, supporting its mission within the healthcare sector.
What's next for Patchwork Health?
The substantial enterprise-level funding and recent strategic investment position Patchwork Health for accelerated growth and further innovation. With a proven track record of saving millions in staffing fees and enhancing clinician flexibility across numerous NHS Trusts, the company is poised to deepen its impact within the UK's healthcare system. Future developments are likely to focus on expanding its technological capabilities, potentially exploring new service offerings, and solidifying its market leadership. This strategic backing will enable Patchwork Health to further its mission of optimizing healthcare staffing and improving patient care through efficient technology solutions.
See full Patchwork Health company page
