Wellola Raises €1 million for Growth
6th June 2022
Irish digital health software company, Wellola which is headed up by Sonia Neary, recently announced that the company raised €1 million in funding from Business Venture Partners (BVP) to support the growth of its healthcare communications platform in Ireland, the UK and across Europe.
This news follows on from recent announcements of large NHS contracts secured in England, including Leeds Teaching Hospital NHS Trust and Birmingham Community NHS Foundation Trust, and will enable Wellola to fund expansion in existing and new markets.
Wellola was established in Ireland in 2016 and set up its UK subsidiary three years later. The company currently serves a variety of public and private healthcare organisations in Ireland and the UK. it also collaborated with the Health Service Executive’ Digital Transformation Team during the onset of COVID-19, to offer its platform to all Irish GPs. Additionally Wellola supports both Allied Health and Mental Healthcare professionals, being the provider of choice for the British Association of Counsellors and Psychotherapists, Dublin Simon, and Accord Dublin, among others.
The Wellola team believes only the sickest of the sick should be hospitalised and that the future of healthcare is preventative, community-based and supported by digital tools. Ensuring high quality care that is effective, efficient, equitable, accessible and acceptable to patient users underpins all that Wellola does.
Built by clinicians for clinicians, Wellola is very much aligned with the key deliverables of modern-day healthcare providers – to improve the flow of healthcare information between patients and their care-providers and to shift of care out of acute hospital setting into the community.
On the recent funding announcement, Sonia Neary, CEO, and co-founder of Wellola said “Our vision is very much a European wide one.
We want to be Europe’s most accessible portal. This investment gives us the ability to deepen our partnerships and broaden our commercial footprint. More importantly, it will place our solution in the hands of more patients who, we believe, should have access to and be able to contribute to aspects of their healthcare record”.
Wellola’s communications platform is rich in functionality, highly modularised & interoperable. It is a platform rather than point solution, incorporating eight core communications modules. These modules support clients as their communication needs grow, complimenting existing systems to offer everything from appointment management to remote care delivery via the platform’s symptom tracking, video and remote device connectivity modules, all fully integrated and interoperable with the key incumbent technologies in a given healthcare ecosystem.
Elliott Griffin, MD, and Founder of BVP said, “BVP believes in digital tools to enhance patient care in healthcare, and we have been impressed by the interest in Wellola, from large healthcare providers in the UK”.
Wellola now has the strong, financial foundations in place to continue on its growth trajectory – building on its success in Ireland, expanding on its achievements in the UK and developing into a new country market across Europe.
In 2019, Sonia Neary was honoured to represent Ireland as a finalist in the global Women in Tech Awards in Paris and to accept the ‘Integrated Care’ award from the Irish Medical & Surgical Trade Association on behalf of Wellola. Sonia is a strong advocate for greater gender diversity in entrepreneurship and a super role model to boot!