Healthcare workforce management platform Lantum raises $15m

Image from Lantum’s Facebook page

Lantum, which offers a workforce management platform for the NHS, has raised $15 million in a funding round led by Finch Capital, with participation from Piton Capital, Samos Investments, and US-based Cedars-Sinai Hospital.

London-based Lantum claims that 30,000 clinical and non-clinical staff, and 50% of GP practices in England, now use its healthcare services.

The company said it is considering increasing the round size, due to significant oversubscription, adding that it will use the new investment to fuel its growth, increase headcount, and invest in building new products.

Melissa Morris, founder and chief executive of Lantum 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 six million more appointments have taken place. We have helped deliver millions of vaccine doses by offering our scheduling software to hundreds of clinics, and have helped bring retired doctors back into the fold to fight the virus.

“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.”

Aman Ghei, partner at Finch Capital commented: “Lantum has had a momentous year. Their staff count has doubled in the last year alone, as they work to help those on the front line of this pandemic. Digital transformation must be at the forefront of the NHS. With 17 integrated care systems placed across the UK, and significant capital to grow, Lantum is well-positioned to continue to deliver solutions that do better by the NHS, for its staff and for its patients.”

Date published: March 29, 2022

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