Digital health company Wellola has closed a €2.2m funding round which it said will accelerate market expansion to meet demand for its products.
The funding round was led by Elkstone with additional funding from Enterprise Ireland and Bay Advisory and brings its total funding to date to €4m.
Founded in 2016 in Dublin by chartered physiotherapist Sonia Neary, Wellola builds patient management solutions to deliver high-quality care in a rapidly changing environment.
Major healthcare organisations including Leeds Teaching Hospitals NHS Trust, the North East London Foundation Trust and Birmingham Community NHS Trust have already deployed Wellola's Portasana platform.
Wellola's expansion comes at a time of growing demand for digital health solutions, driven by the need for more accessible and patient-centric care delivery models.
Hospital overcrowding, increased waiting times, and an over-extended infrastructure continues to plague healthcare systems across Europe.
Last year, Ireland reached a record high for hospital overcrowding while two in three doctors in the UK suffered moral distress.
Wellola said it aims to change this by providing more hospitals and community-based clinics with the digital communication tools needed to deliver healthcare outside of a hospital setting.
It said it has enabled one NHS Trust department alone to reduce the need for return appointments by 30%, saving it about £325,000 a year.
"At Wellola, we are transforming healthcare delivery for both patients and health professionals through fully interoperable innovation. Digital interventions like ours can address health inequalities by being scalable, affordable, and accessible," Sonia Neary, CEO at Wellola, said.
"This investment will enable us to further enhance our Portasana patient care and communication platform and also expand our footprint across the UK, ultimately empowering healthcare professionals to deliver more efficient, effective, and personalised care to their patients," she added.
