Forward Health raises $5m funding

Forward Health, the healthcare communications tool launched by NHS doctors, has unveiled a company rebrand and announced new investor backing from Skip Capital as it accelerates plans for international launch.

The company, which provides over 25,000 professionals in 200 NHS hospitals with secure and efficient tools to communicate around patient care, will be now known as Pando Health.

Pando welcomes Skip Capital as an investor for this next phase of growth. Skip Capital is a billion dollar fund led by Kim Jackson and the co-founder and co-CEO of Atlassian, Scott Farquhar. Skip Capital invests in technology enabled businesses who are solving global problems. Pando is the first European healthtech investment for the fund.

Skip Capital joins existing investors Stride.VC and Albion Capital in a $5 million raise designed to accelerate Pando’s international expansion and deepen the value they deliver.

Co-CEO and co-founder Philip Mundy commented: “Skip Capital are a phenomenal partner, and we’re thrilled to have their backing and the continued support of Stride.VC as we push ahead with our growth plans. Skip understands not only what we’re building, but also why it’s so important. With this support, we have the resources to take our network to scale, while cementing our position within UK healthcare.”

International demand for the service has increased sharply over recent months, with a waiting list that now numbers thousands of departments and professionals. In Q1 2020, Pando Health will become available to healthcare teams throughout India, Canada, and Australia, with more markets to follow.

According to a study conducted across several Trusts, 74% of NHS staff who use Pando reported that it improved their workplace satisfaction and 68% said that it enabled them to deliver better patient care.

Kim Jackson, from Skip Capital, added: “Pando Health combines everything we look for in a company; passionate founders solving a fundamental, global problem with a positive impact. From our first meeting, I could tell the team was fiercely committed to making a difference, and we are excited to join the journey.

“Their success across the NHS shows how overdue a revolution in health and social care communication truly is and we’re looking forward to supporting them as they scale their impact internationally.”

The funds will support a headcount expansion to 35 and scale Pando’s reach outside of the UK.