Locum's Nest, a London-based startup which has developed an online platform that helps locum doctors find work, has raised £3 million ($3.9 million) in funding from Albion Capital and IDO Investments.
This takes the company's total funding to £4.1 million ($5.3 million), after an initial £1.1 million ($1.4 million) was raised in July 2017, also from Albion Capital, and additionally from IDO, a tech innovation firm based in Oman.
Locum's Nest was founded in 2015 by former NHS doctors Ahmed Shahrabani and Nicholas Andreou, in order to provide a more efficient, organized way for hospitals to hire locums, and accordingly for locums to find work, cutting out the agency middlemen.
These types of platforms are becoming more and more popular, in an effort to make business processes more efficient. (Image: Martin Brosy, Unsplash)
Andreou said: "We are truly delighted that Albion Capital and IDO have combined to invest in the next stage of our growth. Albion Capital understands digital health and how healthcare can be transformed through technologies such as ours. They realized the huge potential of Locum's Nest when supporting us with startup funding in June last year."