Navenio secures £828k from Future Planet Capital to enhance hospital efficiency
Future Planet Capital backed the Oxford University spin-out to help hospitals manage infection risks and patient flows.
Navenio provides indoor location technology and task allocation software that streamlines patient care logistics and workforce efficiency in healthcare environments. The Oxford University spinout develops solutions using smartphone sensors to deliver real-time operational insights.
Oxford-based healthcare scale-up Navenio has secured £828k in a Series A follow-on investment from Future Planet Capital. The fresh capital will be deployed to help mitigate infection rates in hospitals, prevent cross-contamination, and ensure optimal patient flow during the pandemic.
Since the onset of COVID-19, Navenio has worked closely with NHS organisations, facilities management firms, and private hospital groups. The company uses smartphone sensors to deliver indoor location tracking, which aims to boost workplace productivity and manage clinical resources effectively.
Future Planet Capital backed the round as part of its focus on supporting university spin-outs tackling global challenges. The funding builds on Navenio's earlier Series A raise from the year.
From the founder
"We are delighted to have received this additional funding from Future Planet Capital, topping up our Series-A raise from earlier this year. There is no denying that we live through challenging times but here at Navenio we are using our technology to help and provide benefit to the teams that are fighting on the front line. Our indoor location and workforce solution is crucial and can play a significant role as hospitals experience the second or even multiple waves of COVID-19 patients, ensuring that patient care and team flows are optimised during peak periods and enabling ‘right person, right place, right time’."
Tim Weil
CEO and Co-Founder at Navenio
Investor perspective
"Navenio exemplifies our investment thesis; best-in-class innovation from the world’s top university wrapped into a highly commercial product and company with the potential to scale its impact to help billions of lives. Having established partnerships with the NHS, Cleveland Clinic and some of the world’s largest outsourcers, we believe the company is poised to revolutionise healthcare efficiency worldwide. In addition, the core indoor geo-location engine developed at Oxford’s computer science lab, has achieved what competing tech giants in the space have not, and we believe this will be hugely valuable cross-industry."
Douglas Hansen-Luke
Executive Chairman, Future Planet Capital
