
Healthtech · London, United Kingdom
Penelope Health
Penelope Health builds intelligence infrastructure for American healthcare billing by converting payer policies and medical records into computable, auditable rules to reduce care costs and address information asymmetry between providers and payers.
Work at Penelope Health?
- Location
- London, United Kingdom
- Team size
- 1-10
- Founded 2024
- Total raised
- $100M
- Series C · last round Sep '26
About Penelope Health
Penelope Health builds intelligence infrastructure for American healthcare billing by converting payer policies and medical records into computable, auditable rules grounded in formal logic. Founded approximately ten months ago, the London-based startup has already secured $2.678M in pre-seed funding and announced $100M in committed funding led by Thoreau, alongside investors including Bertelsmann Healthcare Investments, Twine Ventures, and Seedcamp, with angels from Cloudflare, Microsoft AI Health, and other prominent figures. The company's mission is to materially reduce the cost of care for American patients by collapsing the adversarial system between providers and payers, addressing information asymmetry as a root cause of market inefficiencies in US healthcare. Led by co-founder and CEO Dr. Sohum Patel and co-founder and CTO Mattijs De Paepe, Penelope Health operates with a lean team of four and has established a strategic design partnership with Ensemble Health Partners, a $12B revenue cycle management company.
Culture & values
Extreme leanness with end-to-end ownership expected from team members
Culture defined by intellectual curiosity
Product-user mindset — understanding why things work and asking 'why' until the bigger picture is clear
Significant flexibility to experiment with cutting-edge workflows including AI coding tools and agent systems
Five days a week in-office at Hoxton, London headquarters fostering close collaboration
Weekly ritual: Wild Wednesdays for pitching crazy ideas
Weekly ritual: Friday lunch & learns on any topic
Engineers expected to go deep into complexities of healthcare billing and revenue cycle management, not just solve technical problems in isolation
Culture that respects people's time while moving fast
Mission to materially reduce the cost of care for the American patient by collapsing the adversarial system between providers and payers
Funding
$100Mtotal raised
- Sep 2026 · Series C$100M
Company at a glance
Top Benefits
- Candidates are compensated for final-round work trials
- Dinner is covered for late nights
The team at Penelope Health
1-10 peopleSee everyone on LinkedIn
Location
Team Composition
4 people- Engineering and Technical2
- General Management2 senior2
Life at Penelope Health
Frequently asked questions
Key benefits include: Candidates are compensated for final-round work trials, Dinner is covered for late nights.
Penelope Health is based in London, United Kingdom.
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