TERN Group, a London-headquartered recruitment startup that uses AI to source healthcare talent from across the world, has raised $24m (£17.7m) in Series A funding.
Founded in 2023, TERN’s platform was created to address a workforce shortfall in the healthcare sectors in regions including the UK, the European Union, the US and the Arab Gulf.
The company partners with health providers, sources workers from regions with high numbers of medical and engineering talent in need of work – India, Africa and Central Asia are the focus areas of the firm – and supports their relocation.
“With India’s talent at the heart of our mission, TERN Group is building the workforce infrastructure that makes global healthcare careers seamless, transparent, and trusted,” said TERN founder and chief executive Avinav Nigam.
“This funding allows us to double down on three priorities: expanding into new geographies, investing further in our AI platform, and scaling our training and operations to support thousands more professionals every year.”
Nigam said the company was born out “lived experience”, from sick friends unable to find hospital beds due to staff shortages to a trained ICU nurse struggling to find legitimate work.
The funding round saw investments from Notion Capital, RTP Global, LocalGlobe EQ2 Ventures, Leo Capita, Presight Capital, Mato Peric MPGI and several angels.
