Wellola raises €2.2 million to Accelerate Expansion and Meet Growing Demand for Digital Healthcare Programs across UK and Ireland

Wellola, a leading digital health company, today announced the successful closure of a €2.2 million funding round led by Elkstone with additional funding from Enterprise Ireland. The investment brings Wellola’s total funding to date to €4 million and will accelerate market expansion to meet demand.

Founded in 2016 by Sonia Neary (Chartered Physiotherapist and CEO), Wellola builds innovative patient management solutions to deliver high-quality care in a rapidly changing environment. Built by clinicians, 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 award-winning Portasana® platform.

Portasana® has enabled one NHS Trust department alone to reduce the need for return appointments by 30%, saving it approximately £325,000 a year. In a representative evaluation of over 600 patients across the UK using education courses featured on the platform;

• 95% Have a better understanding of their conditions

• 91% Feel more confident about managing their condition

• 88% Feel more confident about what to do if their condition gets worse

• 59% Have been to hospital less frequently

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. 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.

said Sonia Neary, CEO at Wellola.

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 aims to change this by providing even more hospitals and community-based clinics with the digital communication tools needed to deliver healthcare outside of a hospital setting.

Speaking on the announcement Barry Brennan, Partner at Elkstone said:

Wellola is revolutionising how hospitals and clinics care for and communicate with their patients. As Ireland’s largest early-stage venture fund, we are always on the lookout for innovative Irish founders making an impact both at home and abroad. We are excited to support the team at Wellola as they continue to usher in a new era of healthcare in hospitals right across Ireland, the UK and Europe.

Ruth McAvoy of Enterprise Ireland said:

Wellola has developed an international reputation for innovation and service delivery and Enterprise Ireland is proud to back this funding round which will see Sonia Neary and the Wellola team continue to expand in the UK and Europe. Wellola’s technology brings benefits to both patients and healthcare systems and will play a critical role in the rapidly evolving healthcare sector.

Wellola will use the additional capital to accelerate market expansion across Europe and plans to recruit technical and operational staff across Ireland and the United Kingdom.

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About Wellola

Wellola, proudly established in Dublin in 2016, set up its UK base in 2019 at the Nexus Leeds, working alongside the brightest minds from business, technology and academia. Boasting a highly experienced, clinically-led senior management team of Lyndsey Watson (COO), Dr Imran Khan (CSO) and Jay Ross (CTO), Wellola believes in preventative, community-based care models, underpinned by their interoperable and digital Care Journeys Platform, Portasana®. Integrated with core NHS systems and electronic patient records, staff at a given healthcare organisation can curate an unlimited amount of evidence-based digital care pathways for their patients across all services, supporting the waiting well, reducing the need for follow-up appointments and supporting patients to self-manage care. For Further Information About Wellola:

Name: Sonia Neary

Web: www.wellola.com

Email: info@wellola.com

About Elkstone

Elkstone is the leading Irish investment house focused on entrepreneurs, senior executives, institutional LPs, the venture community, and the Irish diaspora.  Elkstone mission is to increase the economic value and overall well-being of the Island of Ireland by growing our network, enabling deserving investments and delivering superior investment performance. The firm’s Venture business is addressing important economic, social, and environmental issues in Ireland and beyond, whilst the Investment and Wealth Management business and clients are playing a vital part in enabling this.

About Enterprise Ireland

Enterprise Ireland is the Irish government’s enterprise development agency. We invest in and support the development of Irish-owned companies on their journey to achieving greater scale and to become global leaders in their field. This provides a platform for strong economic growth, creating and sustaining jobs in communities around the country. Our teams in Ireland and across our network of 39 international offices help Irish companies to develop high-growth strategies and to enter new markets with innovative and sustainable solutions.