# LocumTap

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/locumtap

- Industry: Outsourcing
- Headquarters: London, UK
- Website: www.patchwork.health
- Total disclosed funding: $15M
- Latest round: Series B (Aug 1, 2022)
- Investors on record: 3

## About

Based in the UK, Patchwork Health operates as a workforce management solution provider, specifically addressing the staffing challenges faced in the healthcare sector through innovative technology solutions.Patchwork Health specializes in providing workforce management solutions for the healthcare sector. The company was founded in London, UK, in 2016 by Anas Nader, Jing Ouyang, and Olivia Knight. The company has successfully raised GBP 12.25 million in its Series B funding round led by Perwyn, with participation from Meridian Health Ventures and Praetura Ventures. The latest funding round occurred on August 1, 2022, bringing the total amount raised to GBP 12.25 million, with a current company valuation of GBP 45.794 million.Patchwork Health offers a comprehensive workforce planning and management solution specifically for the healthcare sector. The main products include the Rota Bank, Collaborative Bank, and Agency Manager, as well as the L2P Product Suite and various enabling products such as Passporting, Insights, and Interoperability Services. Their solutions address critical staffing challenges, optimize workforce management, and enhance operational capabilities, serving over 200 healthcare organizations in the UK and helping them collectively save £120 million.In 2023, Patchwork Health generated revenue of GBP 4,710,987.60, with an EBITDA of GBP -10,067,070. The company utilizes a subscription-based revenue model, allowing healthcare institutions to access its suite of workforce management products for a recurring fee tailored to their size and needs.Following the GBP 12.25 million Series B funding round in August 2022, Patchwork Health plans to strengthen its team, accelerate product development, and expand its market reach. The company is set to introduce new products designed to further enhance workforce management capabilities in the healthcare sector.

## Funding rounds

- Series B, Aug 1, 2022, $15M — Perwyn, Praetura Ventures, Meridian Health Ventures

## Investors

- Perwyn (https://capitalatlas.ai/funds/perwyn) — Series B
- Praetura Ventures — Series B
- Meridian Health Ventures (https://capitalatlas.ai/funds/meridian-health-ventures) — Series B