TERN Group, the London-based medical AI workforce platform used to supply, safe and relocate prime healthcare expertise, as we speak broadcasts that it has raised €20 million Sequence A funding – bringing whole funding to €28.2 million.
The spherical was led by Notion Capital, with RTP International, LocalGlobe (UK) , EQ2 Ventures, Leo Capita, PreSight Capital, Lord David Prior (former NHS chairman & UK Deputy Well being Secretary), CEO of AXA Well being, and Tom Stafford (Co-founder of DST International).
Avinav Nigam, Founder and CEO of TERN Group says, “Each Belief we meet tells us the identical story: they want certified employees now, however they can’t threat affected person security or compliance. Our platform offers them pace with out compromise, predictability with out price inflation, and sustainability the place locum dependency has grow to be unsustainable.
“TERN Group’s mission is for each placement to set off a series response: a nurse arriving on time means a ward runs easily, which suggests sufferers get handled sooner. This increase allows us to make these chain reactions occur at scale, throughout the UK and past.”
Based in 2023, TERN Group is a world expertise mobility platform constructing a Scientific AI Workforce system. Working throughout India, Germany, the UK, the GCC, and Japan, TERN Group goals to assist healthcare suppliers rent sooner, extra compliantly, and at scale, whereas guaranteeing professionals start their international careers with dignity and confidence.
The World Well being Organisation predicts that the worldwide healthcare trade will face an 18 million employee shortfall by 2030. The result’s hospitals and care suppliers stretched skinny, pressured to depend on costly locums that drain budgets with out fixing the long-term hole, with the UK NHS alone spending over £10 billion on locums.
Healthcare methods in all places are caught in the identical cycle: demand from the trade is rising, however there isn’t any accessible pipeline of certified healthcare professionals. On prime of that, worldwide recruitment is sluggish and bureaucratic.
TERN Group appears to be like to deal with these issues at scale, combining AI-driven workflows with human-led help for coaching, relocation, and settlement.
Itxaso del Palacio, Accomplice of Notion Capital says, “TERN Group is tackling one in every of thehealthcare trade’s most pressing structural challenges: reasonably priced, dependable and sustainable recruitment. By combining compliance with AI-driven effectivity, they’re proving that workforce supply doesn’t should be sluggish or fragmented. It may be predictable infrastructure, which is why they’re already turning into the trusted associate for healthcare methods within the UK and past.”
The platform reportedly delivers:
- 60% sooner time-to-hire (chopping months-long processes to weeks)
- 3x price financial savings in comparison with locum-heavy fashions
- 15–20% productiveness good points by aligning expertise provide with medical demand
- An improved candidate expertise, driving 96% retention
- AI-workflows might be simply built-in right into a single regulatory-compliant enterprise platform.
TERN Group already has over 100+ international healthcare shoppers, together with 18 UK NHS trusts (together with two of the 5 largest trusts within the UK). The corporate has expanded from one to 6 core markets this previous 12 months, and is now lively in Germany, UK, UAE, KSA, Japan and USA.
Greater than 650,000 professionals from 13 nations have signed as much as entry clear data, upskilling alternatives, and direct roles with respected employers.
Mark Hackett, CEO, College Hospitals Plymouth NHS Belief says, “TERN Group helps us tackle essential workforce shortages by offering a compliant and predictable pipeline of worldwide medical doctors. Their platform brings much-needed pace and construction to a course of that has historically been sluggish and fragmented.”
With the brand new funding, TERN Group will develop its UK operations, deepen partnerships with NHS Trusts and care teams, and speed up growth of its Scientific AI Workforce platform, together with compliance automation, workforce planning, and system integrations.
The corporate may even proceed investing in worldwide expertise preparation – clinically, linguistically, and culturally, guaranteeing professionals not solely arrive prepared, however keep long run.