Awell is eyeing up the US healthcare market, after the company secured $5m in funding for its clinical workflow platform.

The seed funding, led by Octopus Ventures with participation from S16, will support expansion in the US and creation of new products. Awell also said the backing, which included funding from angel investor Lord David Prior, former chair of the UK’s National Health Service (NHS), will be used for R&D investments.

Awell’s software aims to modernise paper-based workflows by providing a framework to manage a patient’s care on one platform. In a statement announcing the funding, the company pointed to a study which highlighted that paper-based documentation was perceived to be the greatest time waste of doctors’ and nurses’ time.

Awell offers triaging, patient onboarding and care plans on its platform. It can also bring data together from different systems.

The Belgium digital health company stated its monthly active patient numbers grew by 522% in H1 2023.

Awell’s CEO and founder Thomas Vande Casteele said: “Overwhelmed doctors wade through endless admin, patients juggle a different point solution for each medical condition, and care teams are forced to stay up-to-date with more medical research than they can handle.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

 “Our journey is inspired by these challenges faced by care teams across the world. We are on a mission to drive real change in the sector, supporting those on the frontline of healthcare by making care flows work harder than care teams.”

Despite the proliferation of digitised healthcare management solutions, there has been industry wariness about cybersecurity risk as more patient data becomes electronically stored. There were numerous patient data leaks from health platforms in 2023 – the largest being HCA Healthcare’s data breach affecting 11 million patients.

In March 2023, New York-based health technology company Florence, raised $20m for its clinical workflow platform.