Healthcare recruitment AI firm TERN Group has raised a total of $24 million in its Series A funding round, bringing total funding for the company to $33 million, as per an official press release.
TERN Group to use raised money for expansion, new AI tools, and partnerships
TERN Group says it will use the raised money for three objectives: expanding its presence across Europe, GCC, Japan, and the U.S; deepening its investments in AI tools such as predictive matching, and adoptive language tools; and strengthening partnerships with governments, nursing colleges, and healthcare employers. The firm also reported annualised revenues of 200 crore rupees, representing 40% month-on-month growth from last year.
TERN Group’s funding round was led by Notion Capital with support from existing investors such as RTP Global, LocalGlobe, EQ2 Ventures, Leo Capital, Presight, and others.
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“Our mission is bigger than filling vacancies. Every successful placement changes the trajectory of a family, strengthens a healthcare system, and moves lives forward. With this raise, we’re building not just a platform, but the backbone of global talent mobility – aligned with India’s vision to become the world’s skill capital,” said CEO and founder Avinav Nigam.
