Navenio "Indoor Uber"
London-based Navenio raises £828K investment to help revolutionise healthcare efficiency worldwide.
09:16 21 November 2020
Navenio has recently secured £828,000 funding to address the impact of Covid-19 on hospitals. The funding comes just two weeks after the firm secured a £400,000 grant from the UK Government and Innovate UK, the UK's innovation agency.
Branded as the UK's "indoor Uber", Navenio is a UK healthcare scaleup that specialises in providing infrastructure-free indoor location solutions, the equivalent of GPS for use indoors, to power a range of apps and platforms in sectors including healthcare.
Tim Weil, CEO of Navenio, added: “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’.”
Douglas Hansen-Luke, Executive Chairman at Future Planet Capital commented: ‘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. Also, 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.”