Elemental Software raises £300,000 to tackle chronic conditions and alleviate NHS crisis
We're pleased to announce Elemental Software, which has developed an award-winning social prescribing digital platform that connects patients, health and social care professionals and community health & wellness providers, raises £300,000 with the help of ClearlySo.
Derry, Northern Ireland – Tech for good company, Elemental Software, which has developed an award winning social prescribing digital platform that connects patients, health and social care professionals and community health & wellness providers, announced today that it has raised £300,000 with the help of ClearlySo, Europe’s leading impact investment bank.
Elemental is using the capital to further develop its software that supports and empowers lifestyle change for communities most at risk, make key staff hires, and expand marketing reach.
Elemental’s platform is the only comprehensive social prescribing solution developed by community development experts that measures the impact of social prescribing and the difference that non clinical solutions can make to the health and wellbeing of communities, which is a growing priority at the highest level in government and rapidly being adopted in the UK. Elemental Software’s platform was awarded the ‘Best Tech in the 3rd Sector’ of 2016 by Digital DNA and the best enterprise software at INVENT 2016.
Leeann Monk and Jennifer Neff, co-founders of Elemental Software, said: “We are absolutely delighted that ClearlySo plugged into the Elemental vision for revolutionising the ability to socially prescribe across the health, social care and third sectors. The investment partnership, created by London-based ClearlySo, engages social impact investors who each bring a wealth of knowledge, expertise and resource to help us solve one of the most pressing health and social care challenges of our generation.“
More than 80% of the world’s chronic conditions can be avoided by lifestyle change alone. Despite this, chronic conditions such as type 2 diabetes, mental health related illness and heart disease are rising and so too are costs. In the UK alone, the NHS, which has a funding gap estimated at £22bn by 2020, is spending £7 out £10 in treatment of conditions while GPs capacity is strained. The key aim of Elemental’s Social Prescribing platform is to demonstrate the value and difference that referrals to local exercise, diet and nutrition and mental support can make to peoples’ lives.
Further commenting, Stefano Cappanari, investment manager at ClearlySo, said: “We were very pleased to play a role in helping Elemental scale the “more than medicine” approach to health. From grass-roots Jennifer and Leeann built a business around the patient, health and social professionals, community based providers and Commissioners and we are excited that the capital raise, which closed in record time, and capabilities from our network will allow them to take the next step in transforming our care system for better.”
Notes to the Editors
About Elemental Software
Elemental Software was launched last year at NHS Expo 2016 by social innovators, Leeann Monk and Jennifer Neff, in response to work they were delivering at strategic and community level in the City of Derry, Northern Ireland, at a time when the city had a connected focus on improving health and wellbeing in local communities.
Since its launch, the company has expanded from its base in Derry into Dubai, where it is delivering a wide range of work to reduce the risk of diabetes. In the UK, it is delivering a wide range of work including incorporating the Baby Box University to enable Halton CCG to arm women with a connection to all levels of guidance and peer support for a healthy birth and aftercare. Linking Elemental social prescribing software to this means the CCG can pilot a cohort of women and families to track their development and emotional health by keeping a live connection through a ‘virtual mammy’ which will connect and track users to the vast local and regional offer embedded into the Baby Box University.
In Northern Ireland, 15 Healthy Living Centres will use Elemental to introduce over 28,000 people to diet and nutrition, exercise and mental health support and will measure the impact of referrals using Elemental’s software.
Elemental Software were announced as the winners of INVENT 2016 Enterprise Software Category and as NI’s Propel Programme Business of the Year, runner up.
ClearlySo is Europe’s leading impact investment bank, working exclusively with businesses and funds delivering positive social, ethical, and/or environmental impact as well as financial return.
Originally founded in 2008, ClearlySo has helped more than 100 clients raise more than £142 million in impact investment from its extensive network of high-net-worth individual and institutional investors.
ClearlySo is headquartered in London.
Co-Founder and Co-CEO, Elemental Software
T: 0044 777 5732 113
Chief Marketing Officer, ClearlySo
T: 0207 490 9520