Patchwork secures £3m Series A funding led by Praetura Ventures to expand its NHS staff bank platform
The funding round was led by Praetura Ventures with participation from BMJ and angel investors.
Patchwork provides workforce technology designed to help the NHS recruit temporary staff and improve clinician retention. The platform connects healthcare providers with clinicians to reduce reliance on costly agencies.
Patchwork has secured £3m in Series A funding led by Praetura Ventures, with participation from BMJ and existing angel investors. The capital will be used to accelerate growth, form new NHS partnerships, and further develop the company software for broader healthcare deployment.
Founded by NHS doctors Anas Nader and Jing Ouyang, the company offers tailored portals and a mobile application enabling trusts to manage staff banks directly. The platform has been adopted across more than 30 hospitals, facilitating over one million shift hours since launch.
Praetura Ventures contributed £1.9m to the round, with David Foreman joining the Patchwork board as a non-executive director. The investment follows previous backing from BMJ, which has supported the healthtech start-up since 2018.
From the founder
"Those best placed to solve the challenges facing our healthcare system are the people who have worked on the frontline. Jing and I both struggled to maintain a healthy work-life balance as junior doctors, and we watched countless colleagues step away from full-time practice and into the world of locum agencies as a result of the daily pressures faced by medics. We felt there must be a better way of doing things; one where the NHS could staff wards safely and affordably, and where healthcare workers could find the right working balance for them, without the need for an expensive middleman. That’s why we created Patchwork."
Anas Nader
Co-founder at Patchwork
Investor perspective
"The staffing issues facing the NHS are never far from the headlines and there is a significant amount of political and social pressure to reduce costs and maintain quality of patient care. There’s no doubt that this is not an easy task, but Anas and Jing have established a business that is proven to help."
Mark Lyons
Director of investments, Praetura Ventures
Use of funds
- 01Continue product development
- 02Expand into international markets
