Indoor mapping firm locates £5m for US expansion

Oxford Science Enterprises is leading a £5m investment into Navenio, an indoor navigation software company that doesn’t require GPS.

The company’s technology is used by hospitals to manage health teams as they move around the building. By crowdsourcing data from sensors inside employee smartphones, Navenio doesn’t require additional equipment to be installed.

It uses AI to allocate jobs, based on the physical location of staff and assets. Oxford-based Navenio is now setting its sights on the US with the latest capital injection.

“Navenio has enabled a 66% increase in efficiency and effectiveness in our portering workforce across the three Leicester hospitals,” said Andy Carruthers, CIO of University Hospitals of Leicester NHS Trust.

“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.”

G.K. Goh Ventures, Big Pi Ventures, George Robinson, and the University of Oxford, which previously invested in Navenio, underpinned Oxford Science Enterprises.

Connie Moser, CEO of Navenio, said: “This investment will go a long way in helping Navenio to ramp up its offering in the US as well as in new geographies.”

AI review software company Prolific attracted investment from Oxford Science Enterprises in its £25m Series A in July.