Tech in Africa
LocumBase has secured investment funding from Jozi Angels and E2 Investments. The platform recently launched V3. LocumBase brings together medical practices and locum practitioners through a locum booking process.
LocumBase’s founder and Chief executive Zulé Vuuren said, “There was a lot of learning to do before our product could address the needs of the market.” According to Vuuren, the new technology will connect the gap between locums and practices traditionally filled by slow yet expensive recruiters.
Funding for V3 was achieved through bridge investment, adding value to the business. E2 and Jozi Angels add immeasurable value to the businesses while joining existing investors supporting the growth of market-first platforms.
Vuuren believes the business has reached the scaling phase and needs financial backing alongside mentorship support to grow. In 2018 LocumBase took investment from two of South Africa’s most prolific financiers Justin Clarke’s Powerforce Ventures and Michael Jordaan’s Montegray Capital.
LocumBase also participated in one of South Africa’s leading accelerator programmes, Grindstone XL.
Original article on Bizcommunity
