Locate a Locum raises £1m investment to grow and scale
by Startacus Admin
The lowdown on the investment secured by the Belfast based healthcare startup
The Belfast based tech startup, Locate a Locum, which helps locum healthcare professionals find flexible work opportunities, has just announced that it has secured £1m in equity funding. The money raised will be used to grow and scale the business. At present, the business uses its on-demand technology platform to match thousands of pharmacists around the UK with over 8,000 workplaces in need of staff. In as little as a minute, users can book a shift in their desired place of work.We first featured Locate a Locus in 2017 and now with current clients including the UK’s four largest pharmacy chains - Boots, Well, Rowlands and Lloyds - and having already launched and sold a bespoke workforce management platform to Superdrug that is used in over 230 branches, the business is already showing significant success.
Having now raised £1m in equity investment from Techstart Ventures, private investors and Co-Fund NI, a European Regional Development Fund managed by Clarendon Fund Managers, the next phase of its development, which includes the creation of six new jobs is set to begin.
Speaking on the investment, Jonathon Clarke, Chief Executive of Locate a Locum, said: “We are excited to receive this backing from our investors as it will help us scale the business and continue to grow. Locate a Locum has a close-knit team of 20 today, but we expect to triple in size in the next three years as we extend our reach and expand into new markets. We currently have six live roles for talented people to come and join Locate a Locum. It is a vibrant, diverse team and we want to bring in innovative people who will buy into our culture and share our values.”
With more than 1000 pharmacists actively booking shifts through the platform on a weekly basis, Locate a Locum plans to replicate its approach in other healthcare sectors. Jonathon explained: “More and more people want flexibility in their working lives and we intend to diversify to serve other healthcare professions in the future.”
Great news all round then - the investment, the creation of jobs and of course the flexibility that Locate a Locum is on a mission to provide within the healthcare sector! Congrats team!
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Published on: 27th November 2019
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