Perfect Ward secures GBP4m of growth capital from Octopus Investments
Perfect Ward, a digital quality inspection platform designed to support the health and social sectors, has secured GBP4 million investment from the Development Capital team of Octopus Investments, part of Octopus Group.
Perfect Ward is used across a rapidly expanding base of hospitals, care homes and other health and social care organisations in the UK and internationally. The software helps customers to continually drive improvements in quality and care, through the digitalisation of quality inspections.
Timothy Bolot, Founder and CEO of Perfect Ward, says: “Perfect Ward’s software platform empowers frontline care staff to own quality improvement. It is quick and easy to use, freeing up time for nurses, carers and other staff to devote to patients and residents. We are delighted with the new partnership as Octopus shares our passion for supporting front line staff to improve quality while providing management real-time assurance across all services.”
Perfect Ward combines the clinical knowledge of frontline staff with an intuitive digital platform. This allows hospitals and care providers to better track, monitor and document their quality inspections and action plans through the data collected, allowing them to make better decisions and ensure compliance.
With offices in London and Adelaide, Perfect Ward serves over 70 customers in the UK, Australia and South Africa, and has been used in over 500,000 inspections by more than 25,000 registered healthcare professionals. NHS trusts and private care providers, including the care homes within Octopus Real Estate (part of the Octopus Group), have been driving quality by integrating the platform into their day-to-day processes.
The investment from Octopus will support Perfect Ward’s ambitious plans. This includes a focus on growth of its core territories through an increase in sales, marketing and customer support, as well as further expansion into international markets. Perfect Ward also intends to accelerate its product development as it continues to improve its market-leading solution, whilst enabling accurate, complete, and monitored quality audits.
Richard Court, Head of Development Capital at Octopus Investments, says: “We’re delighted to be partnering with Perfect Ward. Their platform is well positioned to help healthcare organisations track, monitor, and document their inspections, in line with best-in-class practice guidelines, improving clinical safety. Octopus has a particularly good insight into the importance and potential for growth in this area, with care homes within Octopus Real Estate (part of the Octopus Group) having been a customer of Perfect Ward for the past eighteen months. Tim and his team have an impressive track record, with deep industry experience and expertise to develop the right product for healthcare organisations. There is also a strong values alignment with Octopus, and we are excited to be supporting Perfect Ward in its commitment to delivering clinically safer inspections.”