Grindstone Ventures led funding raised by E-health startup LocumBase
As it prepares for exponential expansion, South African firm LocumBase, an impartial online medical booking platform, has acquired an undisclosed investment round from Grindstone Ventures.
Zulé Vuuren founded LocumBase in 2016 to link independent medical practitioners with South African practices and streamline the locum-finding process.
“As a practice owner or primary practitioner, you need to rest and revive in order to provide the very best care to your patients. You need a simple, seamless way to manage your temporary team and find the best new locums to grow your business,” Vuuren said.
This is what LocumBase wants to offer. The firm graduated as the cohort winner from the Grindstone Accelerator program last year. The firm will benefit as it grows from the money provided by Grindstone Ventures, which offers finance to accelerator alumnae with an emphasis on female-founded startups.
“LocumBase’s tech stack has unlimited application. We are geared up to scale across South Africa and look ahead to expand across boarders before the end of 2023. We see more and more interest from untapped industries where our core software can have a positive impact on workforce efficiency and employment opportunities, from day one implementation,” Vuuren said.
Giving female-founded firms equitable investment opportunities is fundamental to the Grindstone Ventures ethos, according to managing partner Catherine Young.
“LocumBase, as a Grindstone Accelerator alumni company, has grown exponentially since graduating as the overall winner of their cohort in 2021, and we are excited about the opportunity to make an investment into a business that is disrupting the traditional way of allocating locums to medical practices,” she said.