Navenio – a global location tech scaleup – recently announced that it raised $6.3 million in funding to help transform healthcare efficiency worldwide. This funding round was led by Oxford Science Enterprises and included existing investors, including G.K. Goh Ventures, Big Pi Ventures, George Robinson, and the University of Oxford.
Navenio’s technology facilitates patient care logistics within complex healthcare environments, optimizing workflow efficiency. Real-time location awareness of patients, staff, and medical equipment – combined with Rideshare-like intelligence of task allocation, current path of motion, and optimal route determination – enables automated orchestration of patient care.
Through access to real-time actionable insights like over- or under-utilization of resources (staff and/or medical equipment), Navenio’s Intelligent Location and Workforce Solutions facilitate improved operational efficiency and effectiveness, optimal resource utilization, creating enhanced revenue opportunities and better staff collaboration around the orchestration of care. This platform frees up clinical staff to maximize their time on providing the best care to patients.
The funding round enables Navenio to build upon its proven technology platform and demonstrated customer value to accelerate momentum in healthcare and beyond. And with a range of existing customers and partners in the US along with global customers including the NHS, private hospital groups and facilities management companies, the funding round will fuel further expansion and growth in the United States healthcare market and other geographies, including Europe.
“We invest in companies with the potential to become leaders in their field, and that is why we’re proud to back the incredible team at Navenio on their latest fundraise. Navenio is revolutionizing the way we create more efficient healthcare workplaces, through its proven technology powered platform for indoor mapping, and we are excited to continue supporting the team on the next stage of the company’s journey as they look to deliver its offering to a wider range of use cases and across new geographies.”
— Heather Roxborough, Head of HealthTech at Oxford Science Enterprises
“Navenio has enabled a 66% increase in efficiency and effectiveness in our portering workforce across the 3 Leicester hospitals. Patient flow and experience has improved by getting the right person to the right place at the right time, and the platform has been enthusiastically adopted by our teams. I look forward to expanding our use of Navenio to support additional workgroups and integrate into our other core technologies.”
— Andy Carruthers, CIO University Hospitals of Leicester NHS Trust
“This investment will go a long way in helping Navenio to ramp up its offering in the US as well as in new geographies. We’re on a strong growth trajectory, and accelerating our deployment for real world impact across healthcare and beyond is our top priority.”
— Connie Moser, CEO of Navenio