HealthTech startup Locum’s Nest has raised £1.1m in a round led by Albion Capital and IDO Investments, an innovation firm based in Oman.
The UK-based company provides a mobile-first platform designed to overhaul the way staffing shortages are addressed in the NHS.
Founded by two NHS doctors – Dr Ahmed Shahrabani and Dr Nicholas Andreou – Locum’s Nest claims to have already saved two NHS Trusts over £400,000 this year by helping them fill vacant shifts with participating NHS doctors.
The platform matches available doctors with hospital shifts to fill rota gaps at a fraction of the price of locum agencies.
The startup aims to use the new investment to expand nationally and add additional functionality to its service.
Dr Shahrabani said: “Doctors can’t be forced to work more shifts than they already do, but through a combination of transparency, convenience and fun, Locum’s Nest has managed to make a very bureaucratic process much easier.
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“We are thrilled to be working with Albion and IDO, with their industry expertise we are confident that Locum’s Nest can make a positive impact to the NHS at a national level.”
Locum’s Nest marks Albion’s 17th investment in the healthcare sector in the last five years. Other investments managed by Albion in the healthcare sector include: Achilles Therapeutics, Freeline Therapeutics, Mirada Medical, My Meds & Me, Oviva, Orchard Therapeutics, Oxford Immunotec and Proveca.
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