The Venture Codex Logo

The Venture Codex

Locum's Nest

24 Greville Street, London, England, EC1N 8SS, United Kingdom

Overview

Locum's Nest operates an app that matches doctors to on-demand shifts across private and public healthcare organisations. It runs a pay-as-you-go model, charging a small fee per successfully filled shift. The company says this approach could save the NHS an estimated £250m in payouts to traditional recruitment firms. Founded by two former NHS doctors, Locum's Nest has matched more than 40,000 doctors to shifts across 15 hospitals and nearly 100 GP practices to date. Stakeholders include NHS Providers, Digital Health.London and Doctors.Net.UK. The startup recently secured an additional £3m in funding, taking its total raised to £4.1m. Locum's Nest is a UK mobile-first platform that connects NHS hospitals and trusts with temporary healthcare professionals. Developed by Dr Ahmed Shahrabani and Dr Nicholas Andreou, the service matches available doctors with hospital shifts to fill rota gaps and maximize utilization of a hospital's existing workforce. It operates on a pay-as-you-go structure. The company secured £1.1m in funding in a round led by Albion Capital. The investment will be used to expand the company nationally and add additional functionality to the service. The platform is designed to manage staffing shortages by efficiently placing doctors in vacant shifts for NHS trusts.

Total raised
$5M
Funding rounds
2
Latest round
Equity
Latest activity
Oct 2018

Industries

  • Health Care
  • Hospital
  • Human Resources
  • Innovation Management
  • Software
Visit website

Recent funding

  1. Equity

    Oct 2018

    $4M

  2. Equity

    Jul 2017

    $1M

Team