Healsgood AI secures additional £2.5m in seed funding to accelerate roll-out of Flexzo AI, bringing total raised for NHS
Written by Christina Levada
Healsgood AI Ltd, trading as Flexzo AI, today announced it has secured £2.5 million in additional seed funding from Octopus Ventures, one of Europe’s largest and most active venture capital firms. This investment brings total seed funding raised for Flexzo AI to £5 million within the past 12 months, marking a significant milestone in the company’s mission to transform NHS workforce management.
Flexzo has seen a surge in demand from the NHS. This fresh round of funding will be used to support on-boarding of those customers and accelerate research and development of Flexzo AI’s artificial intelligence platform, designed to help NHS Trusts and Integrated Care Boards (ICBs) reduce reliance on expensive bank and agency staffing.
This latest raise builds on earlier investment from Fuel Ventures, who invested £1.5 million, alongside over £1 million from leading angel investors.
Backing from leading UK venture funds
Octopus Ventures, with over £2 billion under management, has a strong track record in supporting Healthcare scale-ups in the UK. Fuel Ventures is one of the UK’s most prolific early-stage investors, backing high-growth technology companies from seed through scale. Together, their support demonstrates strong confidence in Flexzo AI’s vision and its potential to deliver significant cost savings for the NHS.
Delivering workforce savings through AI
The NHS currently spends billions each year on temporary staffing. Flexzo AI provides advanced AI-driven infrastructure to optimise workforce planning, enabling Trusts to manage their own staff banks, standardise rates, and significantly reduce costs. By leveraging AI, Flexzo AI delivers workforce solutions at a fraction of the cost of traditional providers.
Jack Henderson, Founder and CEO of Healsgood AI Ltd, commented:
“The NHS has faced years of spiralling bank and agency costs that put pressure on budgets and frontline care. At Flexzo AI, we’re building the digital infrastructure that allows the NHS to own and manage its workforce sustainably. With Octopus Ventures, Fuel Ventures, and our angel investors behind us, we’re in a strong position to scale solutions that can save the NHS millions while improving conditions for clinicians.”
Uthish Ranjan, Partner at Octopus Ventures, said:
"Jack and the Flexzo team impressed us from the outset with their mission-driven focus on solving one of the NHS’s most urgent and timely challenges, delivering cost savings at scale. Their AI-powered platform is already seeing strong demand from Trusts, and we’re delighted to be partnering with them as they execute on this opportunity and build towards a more efficient, sustainable healthcare system”
Shiv Patel, Partner at Fuel Ventures, added:
“From the outset, we were impressed by Jack and the team’s vision to tackle one of the NHS’s most urgent financial challenges. The combination of deep sector expertise and cutting-edge AI technology positions Flexzo AI to deliver enormous value to the healthcare system. We’re proud to have supported the company from the beginning and are excited to see them scale with the backing of Octopus Ventures.”
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