Funding Announcement
The Personal Health Record platform Patients Know Best (PKB) has secured a strategic investment from DNV aimed at enhancing its single patient record (SPR) capabilities.
Investment Goals
This funding will be utilized to:
- Introduce new functionalities
- Accelerate international expansion
Leadership Insights
Dr. Mohammad Al-Ubaydli, the CEO and founder of PKB, expressed enthusiasm about the partnership, stating:
βWe are excited to welcome DNV as a partner. This collaboration aligns with our mission and shares our values.β
Global Expansion Plans
In December 2024, PKB secured the SPR contract for Lagos, Nigeria, which has a population of 20 million. The company is also expanding into:
- The Netherlands
- Germany
Strategic Partnership
The investment from DNV will facilitate growth in these new markets while continuing to develop PKB’s presence in the UK. The partnership is expected to leverage PKB’s population health management engine.
Shared Values
PKB emphasized that the funding was awarded after a careful selection process to find an investor that aligns with its values and ambitions. Stephen McAdam, DNV’s segment director for digital health, will join the PKB board.
Expert Commentary
McAdam noted:
βDNV has long-term strategic ambitions in healthcare. We are committed to building a portfolio of investments that address critical challenges in data security, quality, and sharing.β
Current Usage
PKB’s solution is currently utilized by over 25% of NHS Englandβs providers and was the first personal health record to integrate with the NHS App in 2020. It manages records for 20 million UK patients, with more than 5.6 million registered users.
Recent Developments
Since the launch of the GP record integration feature on May 1, 2025, around two million patients have added their GP records to their PKB accounts. This service allows adult patients to consolidate their health data in one secure location via NHS login.
Funding Details
In January 2025, PKB announced it had secured Β£6 million in funding to further develop its personal health record platform and support international growth. A spokesperson for PKB mentioned that the financial details of the investment are not being disclosed, emphasizing that the partnership extends beyond monetary support.