The healthcare collaboration platform Siilo has secured £8.6 million (€9.5m) in Series A funding to help fuel the company’s continued growth across Europe.
European digital health VC Heal Capital is at the forefront of the investment, backed by Germany’s private health insurers. It is the VC’s first investment following the Berlin-based fund’s launch in 2019. Also participating in the round are Philips Health Technology Venture Fund and current investor EQT Ventures.
Siilo is now the largest medical network in Europe with more than a quarter of a million healthcare professionals. Each month, more than 20 million messages are exchanged in more than 16,500 clinical chat groups or directly between users. Siilo Connect is used for secure departmental collaboration within renowned academic institutions such as East Lancashire Hospitals NHS Trust, Erasmus Medical Centre Rotterdam and Berlin-based Charité.
With the investment, Siilo will continue to expand its product offering to better support case-based collaboration and knowledge-sharing on its platform, as well as increase network growth across Europe, specifically across the UK and Ireland as well as, DACH, BENELUX. The company will also be hiring talent in areas such as product development and customer success.
“Communication is key in every organisation. Siilo has a strong vision in making healthcare professionals fall in love with their intuitive solution to promote it in a bottom-up approach,” said Dr. Christian Weiss, General Partner at Heal Capital. “Siilo’s messenger can be a true game changer in digitising the healthcare sector.”
Siilo was founded in 2016 by former surgery resident Joost Bruggeman (CEO) and Arvind Rao (CFO). Having experienced the fragmented healthcare system and outdated methods of communication — such as fax, pagers, and landlines — firsthand, Joost recognised the need for a secure, easy-to-use messaging app designed specifically for healthcare professionals. Bruggeman was recently named by Sifted as one of 80 European founders and companies shaping the post-pandemic world.
Joost Bruggeman, co-founder and CEO at Siilo said: “We believe there is a massive opportunity for healthcare to operate as a collaborative network. We started by connecting professionals treating individual patients, but during the acute phase of the pandemic, we’ve also been able to play a critical role in connecting different levels of healthcare to facilitate faster decision-making and information-sharing. With Siilo, frontline care workers, public health officials, and everyone in between are able to practice medicine together.
We’re only just starting to uncover the different ways technology can facilitate collaboration and simplify workflows in healthcare, and we’re excited to increase our product offering and member network with the support of our newest investors, who bring a wealth of insights and experience around scaling innovative healthcare solutions.”
The Siilo Messenger app is free for individuals and teams to coordinate patient care, expand their professional network, and significantly reduce time-to-decision by exchanging best practices. Siilo Connect is the company’s subscription service for hospitals, care organisations, and medical associations where administrators can facilitate staff-wide collaboration on patient cases, discuss internal policies, and consult with external specialists, all while maintaining organisational compliance.