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Siilo raises Euro 9.5 million Series A funding round

London: Siilo, the secure collaboration app for healthcare professionals, has raised an approx €9.5 million Series A funding round. The lead investor in the round is European digital health VC Heal Capital, backed by Germany’s private health insurers, in addition to Philips Health Technology Venture Fund and current investor EQT Ventures. With the fresh funds, Siilo will continue to expand its product offering, hire new talent, and increase network growth across Europe, specifically across DACH, BENELUX, and the UK and Ireland.

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 Having experienced the fragmented healthcare system and outdated methods of communication – such as fax, pagers, and landlines – firsthand, Joost recognised the need for a secure, easy-to-use messaging app designed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. He and the Siilo team are on a mission to create a dedicated platform where every healthcare professional can be connected while also adhering to healthcare compliance regulations such as GDPR, ISO-27001, HIPAA, NHS standards, and more. The impact of connecting on one single platform can be measured in lives saved, quality of life improved, and healthcare costs reduced.

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.”

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