Patchwork Health Raises £20M in Series B Funding

Patchwork Health, a London, UK-based healthcare workforce platform, raised £20m in Series B funding.

The round was led by Perwyn and backed by Praetura Ventures and KHP Ventures. They were joined by a range of prominent angel investors, including Monzo founder Tom Blomfield and Social Chain Co-founder Dominic McGregor.

The company intends to use the funds to continue to:

  • further strengthen their customer-facing teams,
  • accelerate the development of new products and features for their healthcare clients,
  • expand into international markets, and
  • bring their services to new areas of health and a wider range of sectors.

Founded in 2016 by NHS medics Dr Anas Nader and Dr Jing Ouyang, Patchwork Health offers a range of additional solutions, including:

  • ‘collaborative staff banks’, which help healthcare organisations team up with others in the same region to widen their temporary staffing pool;
  • an innovative new rostering solution which enables more flexible, sustainable staffing for permanent healthcare staff; and
  • an Agency Manager which makes it easier for managers to select appropriate temporary staff from external agencies when necessary.

Patchwork Insights also provides managers with comprehensive data oversight, to monitor staffing trends, shift fill rates and pay rate escalations, and reliably plan ahead to prevent staffing gaps.

The company has a team of over 100.