TERN Group Raises $24M Series A to Build the Future of Global Healthcare Workforce

Two years ago, TERN began with a simple question:
If the world needs 18 million more healthcare workers by 2030, why are so many skilled professionals in countries like India, Morocco, Tunisia, and many other countries unable to access global opportunities?

That question has driven everything since.

Today, we’re proud to share that TERN Group has raised $24 million in Series A funding - one of the largest Series A rounds in 2025. The round was led by UK-based Notion Capital, with participation from RTP Global, LocalGlobe, EQ2 Ventures, Leo Capital, Presight, Tom Stafford (Co-founder, DST Global), the former NHS Chairman, the CEO of AXA Healthcare, and several senior policymakers.

This brings our total funding to $33 million, after an oversubscribed Seed round last year, and marks the beginning of a new chapter in our journey.

Why This Matters

The world’s healthcare system is under immense strain.

• In Germany, one in three citizens will be over 65 by 2050, and hospitals and care homes are already struggling to staff critical roles.
• The UK’s NHS faces its most severe workforce shortage in decades.
• Across the GCC, governments are building healthcare infrastructure at unprecedented scale.

And yet, countries like India have a surplus of qualified nurses and caregivers — young, ambitious professionals eager to step into these roles.

What stands in the way? Outdated, fragmented migration systems that make global careers slow, expensive, and opaque. Nurses can spend ₹20–40 lakhs and wait 2–3 years just to move abroad. Others fall prey to scams and never make it at all.

This isn’t a talent gap. It’s an infrastructure gap.

Why TERN Is Different

TERN isn’t another recruitment agency. We’re building the workforce infrastructure of the future - powered by AI, designed for scale, and anchored in ethics.

Workforce means more than hiring. It means:

• Recruitment: Fast, transparent matching of nurses and care workers with global employers.
• Credentialing: AI-powered verification of qualifications, licenses, and compliance.
• Mobility: Seamless visa, relocation, and settlement support.
• Assessment: Language proficiency, clinical readiness, and predictive fit.
• Management: Ongoing integration, retention, and career progression.

By integrating all these layers into a single system, we make global mobility predictable infrastructure — not a gamble.

What We’ve Achieved So Far

In just two years, TERN has:

• Changed lives of over 1000 certified nurses and caregivers, and readying 2500 this year. 
• Partnered with 100+ hospitals and care groups, including national hospital chains.
• Built a vetted pipeline of 650,000+ healthcare professionals across 13 countries.
• Achieved a 96% retention rate post-placement.
• Cut hiring timelines by 60% and delivered outcomes 4X higher than the national average.
• Grown 40% month on month this past year, crossing 200Cr in annualised revenues.
  
  

We’re not just about recruitment. We’re building the full stack of migration infrastructure - from training to compliance, relocation to integration. Each year, we train 1,500–2,000 Indian nurses and today hold a 25%+ share of the German language training market in India, a crucial requirement for placements in Germany.

What This Funding Will Power

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With this $24M raise, we’re focused on three priorities:

• Expanding geographies: Scaling across Europe, the GCC, Japan, and the US.
• Investing in AI: From predictive matching to adaptive language tools, making mobility faster and smarter.
• Scaling training and operations: Deepening partnerships with governments, nursing colleges, and healthcare employers to prepare thousands more professionals each year.

Our AI-powered Clinical Workforce platform already shortens migration timelines, increases compliance, and protects workers with a zero-fee, ethics-first model. Now, we’ll take it to the next level.

What Our Partners Are Saying

“At RTP Global, we love backing founders who take on big challenges with heart,” said Galina Chifina, CEO of RTP Global. “Avinav and Krishna are just those founders - solving problems they’ve lived and felt. With TERN, they’re reimagining global talent mobility in a way that’s ethical, scalable, and deeply human.”

Itxaso del Palacio, General Partner of Notion Capital says, “TERN Group is tackling one of the healthcare industry’s most urgent structural challenges: affordable, reliable and sustainable recruitment. By combining compliance with AI-driven efficiency, they are proving that workforce delivery doesn’t have to be slow or fragmented. It can be predictable infrastructure, which is why they are already becoming the trusted partner for healthcare systems in the UK and beyond.”

The Road Ahead

This funding isn’t the finish line. It’s the beginning of a new phase.

Because every placement we enable is more than a number. It’s a nurse finally working in the career she trained for. It’s a hospital ward that stays open instead of shutting down. It’s a family lifted into stability.

As our Founder & CEO, Avinav Nigam, says:

“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.”

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The world needs talent. India has it. At TERN, we’re building the bridge - fast, fair, and future-ready.

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