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 '26
  • Sep 2026 · Series C
    $100M

Company at a glance

Founded2024
Location
London, United Kingdom

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

Mattijs De Paepe

Data Scientist at Via

Sohum Patel

Building @ Penelope | Medical Doctor | University of Cambridge | Senior Whitby Scholar at Downing College

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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