Headquartered in London, Patchwork Health, a pioneering healthcare workforce platform built by NHS doctors, has scored £20 million in Series B funding. The investment round was led by Perwyn and backed by Praetura Ventures and KHP Ventures alongside participation from prominent angel investors, including Monzo founder Tom Blomfield (who backed Condense and Nous) and Social Chain Co-founder Dominic McGregor.
How will it use funds?
Patchwork Health will use this investment to further strengthen their customer-facing teams, ensuring all healthcare partners continue to receive the hands-on, proactive support needed to make each roll-out a success.
It will also use the investment to accelerate the development of new products and features for their healthcare clients and help Patchwork to support more organisations across the UK, expand into international markets, and bring their services to new areas of health and a wider range of sectors.
Co-Founder and CEO of Patchwork Health, Dr Anas Nader said, “Our solution gives the NHS the power to make this sustainable staffing a reality, whilst improving staffing levels and safeguarding the quality of patient care. We’re so grateful to Perwyn and all the investors involved in this round for enabling us to scale up this mission and help even more healthcare professionals work in a sustainable way.”
Martin le Huray, Partner at Perwyn, commented, “Anas, Jing and their team are building a truly game-changing solution for the NHS. The traditional way of staffing our NHS is outdated and is contributing to the pressures our health service is facing. Their track record of working closely with the NHS to affect change is very impressive and we are delighted to have led this round. We believe that Patchwork is well on its way to playing a pivotal role in creating a stronger, more sustainable healthcare system for future generations.”
David Foreman, Managing Director at Praetura Ventures, said, “As long-standing partners of Patchwork, we want to continue to support their team as they scale. Their team is motivated by a unifying purpose; to make life better for NHS staff and to secure better outcomes for patients. This fuels everything they do and is the passion behind their ongoing success. We can’t wait to continue on this journey with them as they go from strength to strength.”
Daniel Dickens, Co-Managing Partner at KHP Ventures, stated, “We were incredibly impressed with their roadmap and traction to date, and look forward to working with Patchwork’s team and our partners to help accelerate their growth and impact for NHS staff and patients.”
Sustainable career for doctors, nurses
Patchwork Health was founded by two NHS medics – Dr Anas Nader and Dr Jing Ouyang in 2016 in London. Their mission is to give doctors and nurses access to flexible work and more sustainable careers. Patchwork partners with over 100 healthcare sites across the UK.
The Patchwork technology and services transform healthcare staffing. It provides tech-powered solutions that address staffing challenges and allow NHS teams to manage their permanent and temporary workforce through one fully-integrated platform.
The Patchwork model reduces reliance on the expensive ‘middle man’ strategy and gives hospitals the power to increase engagement with existing temporary staff, access new networks of clinicians directly, and broadcast all their shifts through an app. This saves hospitals money and lets them fill up vacant shifts quickly.
For permanent healthcare staff, the Patchwork platform offers rostering software and solutions which transform how they work. Their technology enables staff to have their personal needs and preferences factored, promoting better work-life balance.
