HealthTech app聽Locum鈥檚 Nest has bagged聽拢3m in funding from Albion Capital, taking total raised to 拢4.1m.
The start-up is also backed by聽IDO Investments, an innovation firm based in Oman.
The app, which was created by two former NHS doctors, helps doctors find temporary locum work in hospitals while also cutting out middlemen for teams hunting for staff.
Locum鈥檚 Nest app was co-created by former NHS doctors Nicholas Andreou and Ahmed Shahrabani, and instead charges a small one-off admin fee per shift that is filled.
The pair believed hospitals were ‘held over a barrel’ by recruitment agencies when looking for doctors, and聽created the app to streamline the process.
鈥淲e are truly delighted that Albion Capital and IDO have combined to invest in the next stage of our growth,鈥� said co-founder Nicholas Andreou.
鈥淎lbion Capital understands digital health and how healthcare can be transformed through technologies such as ours. They realised the huge potential of Locum鈥檚 Nest when supporting us with start-up funding in June last year.鈥�
To date, Locum鈥檚 Nest has successful placed over 40,000 doctors in shifts across 15 NHS Hospitals and nearly 100 GP Practices.
Will Fraser-Allen, deputy managing partner at Albion Capital, said: 鈥淟ocum鈥檚 Nest is a clear demonstration of how the NHS can use technology to drive performance improvement by disrupting the expensive locum recruitment agency model and generating considerable savings for the Exchequer.
鈥淭he Locum鈥檚 Nest team has achieved a great deal in a short timeframe and we are proud to support the business with additional funding. We look forward to working with them to deliver their growth strategy.鈥�