Draper & Dash secures £3m from Guinness Asset Management to fund product development and market expansion.
The healthcare analytics firm raised the venture funding from Guinness EIS Funds to scale operations and enhance its artificial intelligence capabilities.
Draper & Dash is a healthcare analytics firm that provides software platforms to hospitals and care providers. Its tools use data science and machine learning to predict patient flow and improve health outcomes.
Draper & Dash has secured £3m in venture funding from Guinness Asset Management through its EIS Funds. The London-based healthcare analytics provider will direct the capital towards product development and expanding its sales and marketing operations.
The company deploys software across public and private hospitals to forecast patient demand and drive operational efficiencies. The fresh backing follows increased investment in its artificial intelligence and machine learning capabilities over the previous year.
Advisory services for the transaction were provided by ICON Corporate Finance, with Edward Harding acting on behalf of the management team.
From the founder
"our software platform business has been accelerating significant recently and so we are raising capital to scale the business through increased penetration of our existing customers and territories, as well as converting our expanding pipeline of new prospects. We have tripled our AI and ML investment over the last year through a number of long-term projects with existing customers. Our strategy continues to focus on real value creation with better outcomes for healthcare providers and their patients. As outcomes, efficiency and patient flow becomes more of a challenge globally, I’m fortunate to lead a team of people who are all dedicated to advancing the capabilities of data analytics in healthcare and improving care delivery."
Orlando Agrippa
Founder and CEO at Draper & Dash
Use of funds
- 01Continue product development
- 02Invest in sales and marketing
- 03Expand into international markets
Investors
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About the company
Draper & Dash
A healthcare data analytics platform changing how hospitals access and utilise patient information.