TERN Group raises $24M Series A to fix healthcare’s workforce crisis

UK-headquartered clinical AI workforce platform TERN Group has raised $24m Series A funding.

Notion Capital led the funding, which includes RTP Global, LocalGlobe, EQ2 Ventures, Leo Capita, Presight Capital, Mato Peric MPGI, Tom Stafford (Cofounder of DST Global), along with former NHS England chair, and CEO of AXA Healthcare.

This brings TERN Group’s total funding to $33 million.

Hospitals and care providers are stretched thin, forced to rely on expensive locums that drain budgets without solving the long-term gap, with the UK NHS alone spending over £10 billion on locums

Healthcare systems everywhere are caught in the same cycle: demand from the industry is rising, but there is no accessible pipeline of qualified healthcare professionals. On top of that, international recruitment is slow and bureaucratic.

TERN Group has built what it calls the “world’s first AI clinical workforce platform” — developed by clinicians, HR experts, and AI technologists — to source, secure, and relocate top healthcare talent. The enterprise-ready system integrates AI-driven workflows with human-led support, combining sourcing, credentialing, training, relocation, and settlement into a seamless solution.

The platform delivers 60 per cent faster time-to-hire (cutting months-long processes to weeks); 3x cost savings compared to locum-heavy models; 15–20 per cent productivity gains by aligning talent supply with clinical demand; a far superior candidate experience, driving 96 per cent retention; and the AI-workflows can be easily integrated into a single regulatory-compliant enterprise platform. 

TERN Group already has over 100+ global healthcare clients, including 18 UK NHS trusts (including two of the five leading trusts in the country). The company has expanded from one to six core markets this past year, and is now active in Germany, UK, UAE, KSA, Japan and USA. More than 650,000 professionals from 13 countries have signed up to access transparent information, upskilling opportunities, and direct roles with reputable employers. 

According to Avinav Nigam, founder and CEO of TERN Group, Every Trust the founders meet tells the same story: “They need qualified staff now, but they cannot risk patient safety or compliance.”

“Our platform gives them speed without compromise, predictability without cost inflation, and sustainability where locum dependency has become unsustainable. 

TERN Group’s mission is for every placement to set off a chain reaction: a nurse arriving on time means a ward runs smoothly, which means patients get treated faster. This raise enables us to make those chain reactions happen at scale, across the UK and beyond.”

Itxaso del Palacio, Partner of Notion Capital says:

“TERN Group is tackling one of the healthcare industry’s most urgent structural challenges: affordable, reliable and sustainable recruitment. By combining compliance with AI-driven efficiency, they are proving that workforce delivery doesn’t have to be slow or fragmented.

It can be predictable infrastructure, which is why they are already becoming the trusted partner for healthcare systems in the UK and beyond.”

Mark Hackett, CEO, University Hospitals Plymouth NHS Trust shared:

"TERN Group is helping us address critical workforce shortages by providing a compliant and predictable pipeline of international doctors. Their platform brings much-needed speed and structure to a process that has traditionally been slow and fragmented.” 

With the new funding, TERN Group will expand its UK operations, deepen partnerships with NHS Trusts and care groups, and accelerate development of its Clinical AI Workforce platform, including compliance automation, workforce planning, and system integrations. 

The company will also continue to invest in international talent preparation, clinically, linguistically, and culturally, ensuring that professionals not only arrive ready but also stay long term.