Locum’s Nest, an app that connects doctors to locum work in hospitals, has today raised £3m in further funding from Albion Capital.
Locum’s Nest app was co-created by Nicholas Andreou and Ahmed Shahrabani, both former NHS doctors.
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 realised the huge potential of Locum’s Nest when supporting us with startup funding in June last year.
The new funding takes the total investment in Locum’s Nest to £4.1m.
Will Fraser-Allen, deputy managing partner at Albion Capital, went on to note: “Locum’s 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.
“The Locum’s 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.”
The startup is also backed by IDO Investments, an innovation firm based in Oman.