Lantum has raised £11.4 million ($15m) in funding led by Finch Capital and other participants to help accelerate the company’s growth plans.
Specialising in workforce management, the company’s platform is now used by over 30,000 clinical and non-clinical staff, and 50% of GP practices in England.
Investors in the over-subscribed round also included Piton Capital, Samos, and US-based Cedars-Sinai Hospital.
The new investment will support Lantum to increase its staff count and build new products to support its goal to reduce £4bn a year that is spent on temporary staffing.
Greater Manchester Health and Care Partnership is one of the company’s customers, using the platform across 10 CCGs to achieve fill rates of up to 94%.
Founded in 2012 by Melissa Morris, she said: “The NHS is in crisis. Healthcare professionals are unable to meet the current demand for care. Staff shortages are high, backlogs of patients, built up over the pandemic, are at dangerous levels, and front-line staff are experiencing extreme burnout like never before.
“Our collective focus must be on alleviating the current pressure in a way that addresses issues with clinician quality of life. We made it possible for thousands of healthcare professionals to take control of their schedules and find and book work flexibly during the pandemic, meaning that 6 million more appointments have taken place.
“Today’s cash injection will enable us to go further. Our booking volumes have more than doubled in the past 12 months, with 14,000 more clinicians onboarded. It’s essential Lantum has the capabilities to meet this demand; we need to significantly drive recruitment and bolster our digital offering.”
To read a case study on the company’s tech, please click here.
