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The CEO of a healthcare startup was introduced to a VC with hundreds of millions by her boyfriend

Jul 4, 2016, 16:22 IST

Melissa Morries Network LocumNetwork Locum

Melissa Morris, the CEO of Network Locum - a healthcare startup that helps hospitals and GP practices to find cheap on-demand doctors - was introduced to venture capital firm Beringea by boyfriend George Marangos-Gilks, who is the cofounder of student media publication The Tab.

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The introduction has helped Morris, who founded Network Locum in August 2010 after a stint in the NHS, to raise around £1 million from Beringea, which has funds of around $650 million (£489 million).

Beringea investment director Rob Hodgkinson explained the encounter to Business Insider:

Jack Rivlin and George Marangos-Gilks of The Tab.The Tab

"George, who runs The Tab, was looking to raise money about 18 months ago. I can't remember where I met him. I think I read an article about the Tab and just got in touch with him. So we were looking at The Tab [and realised] it's a bit too early for what we do. But he said you should speak to my girlfriend, who runs Network Locum.

"She already had £2 million but we managed to persuade her, that because we've got this US angle, because we've got quite a lot of healthcare expertise, that actually, we would be useful. So she made space for us [in the funding round]."

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Morris added: "It's brilliant going out with your best friend who also completely understands exactly what you are going through. We help each other out 24/7. "

Network Locum has raised a total of £8.5 million, with the most recent round of £5.3 million announced on Sunday.

The startup is one of the first young technology companies to announce a significant investment round following the UK's decision to leave the European Union - a move that has startup founders worried that they'll struggle to raise the capital they require.

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