11th August 2022

Healthcare Workforce Platform Raises £20M

A pioneering healthcare workforce platform built by NHS doctors has raised a £20m Series B round to accelerate its work tackling the NHS staffing crisis.

The round was led by Perwyn and backed by Manchester-based 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.

Founded in 2016 by NHS medics Dr Anas Nader and Dr Jing Ouyang, Patchwork partners with more than 100 healthcare sites across the UK. Its technology and services transform healthcare staffing.

Co-founder and chief executive, Dr Nader, said: “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.”

David Foreman, managing director at Praetura Ventures, who are backing Patchwork for the third time, 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.”

Perwyn was advised by Squire Patton Boggs (legal), Crosslake Technologies (tech), Deloitte (FDD and tax), PwC (CDD), and Pearson & Pearson (advisory).