TERN Group Raises $24 Million in Series A Funding

TERN Group, a prominent global talent mobility platform for healthcare professionals, has successfully secured $24 million in Series A funding, spearheaded by Notion Capital, a UK-based investor. This funding round also attracted contributions from RTP Global, LocalGlobe, EQ2 Ventures, and Leo Capital, along with ongoing support from existing investors such as Presight, Tom Stafford, a co-founder of DST Global, and influential policymakers in the healthcare sector. With this investment, TERN’s total funding has now reached $33 million.

Utilising Funds for Expansion and Innovation

The raised capital will be directed towards expanding TERN’s reach into new regions, refining its AI-powered Clinical Workforce platform, and amplifying its training programmes. Established by Avinav Nigam and Krishna Ramkumar, who are both former executives at Urban Company and Cars24, TERN is dedicated to connecting Indian nurses and care workers with international job opportunities through transparent hiring, AI-driven matching processes, and no-fee recruitment.

Remarkable Growth and Revenue Milestones

TERN has reported a tenfold growth over the past year, approaching Rs 200 crore in annualised revenues. The company has established its presence in 13 different countries, including India, the UK, Germany, Saudi Arabia, and the UAE. The platform currently boasts over 650,000 registered professionals and collaborates with organisations such as NSDC, TNAI, and various state governments to enhance training and compliance initiatives.

Competitive Landscape

In the competitive arena of healthcare staffing and talent mobility, TERN faces challenges from established players like AMN Healthcare and MedPro International.