Nolea Health raises $1.25m for U.K. mental health recruitment marketplace
Nolea Health raises $1.25m for U.K. mental health recruitment marketplace Ben Salisbury
Nolea Health, a recruitment platform for mental health professionals has raised £1 million ($1.25 million U.S.).
The London-based startup was founded in 2022 and aims to tackle the chronic staff shortages of mental health professionals in the U.K., exacerbated by the pandemic which led to more people suffering from mental health issues and placed further strain on an already overstretched NHS.
Frontline Ventures led the seed funding round, which also saw participation from Calm/Storm Ventures. The funding marks the company’s formal public launch after 12 months in stealth, it said in a statement.
The platform matches candidates with available positions by using various data points, including location, job requirements, experience, education and other factors. The company claims its algorithm can increase the number of successful hires for mental health positions.
Once candidates and positions are matched, the company can appoint the clinician to deliver short-term remote-based and in-person mental healthcare. This form of healthcare, known as telemedicine, has increasingly been used since the Covid-19 pandemic started in 2020.
Nolea’s digital workflow technology aims to streamline the talent acquisition process for healthcare providers hiring teams and reduce hiring friction. Employers can browse and find clinical talent on demand. A key feature on the platform is its clinician directory, containing verified and vetted healthcare professionals.
The platform’s matching technology lets organizations upload vacant positions and get back suitable candidates within 24 hours. This speeds up the hiring process, enabling organizations to fast-track candidates to the interview stage.
The company is building a national network of mental healthcare professionals and making them available to be found on its jobs marketplace to help solve shortages. The new funds will be used towards doubling the number of staff in its team to help it expand into machine learning tech.
“Our mental healthcare industry is in crisis. The demand for services is growing, while the supply of skilled professionals is dwindling,” said company founder and CEO Richie Dawes.
“Our mission at Nolea Health is to create a revolutionary platform that will change how healthcare providers find talent and healthcare professionals find jobs. With our innovative approach, we believe we can make a real difference in this area and successfully address the urgent issue of staff shortages.”
Dawes is a former CTO of a leading U.K. mental healthcare company, Clinical Partners. He spent three years building its full-stack virtual care technology before setting up Nolea Health in 2022. Nolea Health’s platform partly utilises Dawes’s experience leading e-commerce marketplace launches for JustEat, YOOX Net-a-Porter Group, Gianni Versace S.r.l, and Conde Nast’s style.com.
Nolea Health received its first investment ODX, the On Deck Global Accelerator program in January 2022 and has made significant progress over the last 12 months. It was part of the Google Black Founder Fund program last summer and received non-dilutive cash grants, Google Cloud credits, and hands-on support.
The company has been testing its marketplace with leading U.K. healthcare organizations and claims improvements, averaging between 200% – 400%, in the productivity of healthcare recruiters and talent acquisition managers. Nolea Health claims this saves recruiters 45 hours of activity time each week. The company plans to expand its marketplace healthcare to address workforce planning challenges and staff shortages in other areas of healthcare.
Related Articles
March 3, 2023
An unusual, niche digital recruitment marketplace has launched by a camping website, Campsited.
February 8, 2023
U.K.-based health recruitment marketplace Syndi Health has raised $2 million U.S. in a pre-seed funding…
February 16, 2023
A new recruitment marketplace dubbed Huntly.ai has just launched in Poland and Romania. The platform…