UK-based healthcare operations software provider Agilio Software has secured a new investment from private equity company TA Associates and Rothschild & Co alternative assets arm Five Arrows.
The size of this investment, categorised as ‘strategic’, remains undisclosed.
Agilio Software offers a comprehensive suite of solutions for healthcare professionals to digitise essential operational functions, including workforce management and compliance, as well as clinical assets tracking.
The company, set up in 2019, is said to have quickly grown to prominence within the UK dental and primary care sectors.
Its products are currently used by some of the leading ten dental groups and Integrated Care Board areas in the UK.
With the latest investment, Agilio Software aims to accelerate its expansion plans.
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By GlobalDataTA Associates managing director Naveen Wadhera said: “Through several strategic acquisitions and a continued commitment to innovation, Agilio has built a market-leading software platform that improves patient care and meets the evolving needs of healthcare providers.”
This investment from Five Arrows and TA Associates, both with global expertise in scaling healthcare technology companies, will also enable Agilio to enhance the existing product development and innovation efforts.
This move is expected to add value for its customers and help the company branch out into new sectors beyond its current focus on primary care, dental, and veterinary services.
In addition, Agilio is set to expedite its international growth, building on its initial entry into the European market with an acquisition in 2022 in the Netherlands.
Agilio CEO Neil Laycock said: “This partnership with Five Arrows and TA will help us deliver new products and services for our core UK and Netherlands markets as we continue to expand into new customer sectors. We also plan to expand into multiple new countries where we believe there is strong demand for our solutions.”