The Series A round was led by BGF Ventures with participation from Spring Partners.
"We’ve been growing really fast over the last two years, and are planning to invest to continue this growth. We’re roughly doubling the size of our engineering and sales teams over the coming months to keep up with growth."
The Wiltshire-based data analytics firm has raised £2m from BGF to expand its digital platform.
"People recognise the value of their personal data but they also have concerns around privacy. They are more likely to engage with organisations if they feel in control of how their data is being used and know that they are genuinely benefiting from an organisation being able to analyse that data."
The funding round was led by BGF Ventures to support sales expansion and product development.
"When I worked in the NHS I saw how much money was wasted on hiring locums from expensive recruitment agencies. Network Locums’s software can help hospitals and GP practices dramatically cut their spending on recruitment, as well as making sure that the best and most caring doctors are the first to be offered shifts."
The funding package comprises equity from MMC Ventures and debt from Clydesdale & Yorkshire Bank.
"One of the key reasons our customers opt to deploy the Invenias platform is because of our strategy of continuous innovation. We have seen tremendous demand for our software in the North American market in the last 12 months, with prestigious firms such as ON Partners in Boston, The Toft Group in San Diego and Conroy Ross Partners across Canada, all choosing to run their business on Invenias. This funding package will enable us to meet our growth ambitions as it will empower us to invest in our platform, our infrastructure and scale with our customers."
Angels4Angels provided equity backing led by John Caines.
"I believe Angels4Angels is the ideal partner to help us accelerate our growth, both in terms of customers and revenue as well as our product portfolio"