Siilo raises £8.6m in Series A funding

Siilo, a healthcare collaboration app, has announced it has raised £8.6 million in Series A funding.

The app provides a secure and quick way for healthcare professionals to communicate, without using WhatsApp and is used by St. George’s University Hospitals.

The funding round was led by Heal Capital, with participation from Philips Health Technology Venture Fund and EQT Ventures.

In recent months the company offered its organisational crisis management tool to the NHS for free, and has seen user numbers of its app increase during the period to over 250,000 healthcare professionals. The company said activity on the app has also increased by over 200%.

With the investment, the company will expand its product offering to better support case-based collaboration and knowledge-sharing on its platform, and aim to grow its network across Europe.

The company was founded in 2016, by former surgery resident Joost Bruggeman (CEO) and Arvind Rao (CFO), having experienced many outdated methods of communication such as fax, pagers, and landlines.

Joost Bruggeman, co-founder and CEO at Siilo said: “We believe there is a massive opportunity for healthcare to operate as a collaborative network. We started by connecting professionals treating individual patients, but during the acute phase of the pandemic, we’ve also been able to play a critical role in connecting different levels of healthcare to facilitate faster decision-making and information-sharing.”

“We’re only just starting to uncover the different ways technology can facilitate collaboration and simplify workflows in healthcare, and we’re excited to increase our product offering and member network with the support of our newest investors, who bring a wealth of insights and experience around scaling innovative healthcare solutions.”

Dr Darren Lui, Spinal and Orthopaedic Surgeon at St George’s Hospital “Maintaining open and up-to-date lines of communication is crucial with hospitals dealing with a growing number of patients, which is why our team is using Siilo to communicate safely, effectively and efficiently to discuss and share information and pictures while remaining compliant.”