Apploi announced on March 30, 2022, that it has raised US $25 million in a Series B round headed by m]x[v Capital, with participation from Defy and Underscore, bringing the total amount raised to US $38 million.
The Goal of Apploi:
There is an employment crisis in the healthcare industry. According to a recent Morning Consult survey, nearly 20% of medical staff have left their professions due to the epidemic. Before the emergence of COVID-19, some studies estimated the cost of burnout in the healthcare system to be around US $4.6 billion per year, which has undoubtedly risen.
To solve the problems, businesses have increased benefits and hired more people. However, they still confront challenges, such as lengthy onboarding and employee verification.
Adam Lewis promotes Apploi, the platform he founded eight years ago, as the answer. Apploi, which was initially aimed at hiring managers and job searchers across various industries, has recently focused on healthcare to stand out in a sea of HR companies.
What the founder has to say:
Adam Lewis: Co-Founder of Apploi:
“The increased capital will enable us to build more healthcare-specific functionality throughout our whole portfolio of products, ensuring a personalized and superior end-to-end experience and expanding our sales and marketing responsibilities across the country,” says the company. Customers love our product, with a monthly retention rate of 99.6%.”
“Right away, we recognized there were some particular issues in healthcare – an industry with a lot of demand.” As a result, in 2018, the company decided to focus solely on the healthcare industry, assisting companies in hiring and retaining the most remarkable individuals to give the best care to the most vulnerable populations. “The company provides a complete software-as-a-service platform to assist healthcare organizations in recruiting, onboarding, credentialing, and managing high-volume hires, primarily nurses and nursing assistants.”
About Apploi:
Lewis claims that Apploi is already doing so, citing its acquisition of healthcare credentialing provider Healthgig in 2020 as an example. Apploi, which employs over 100 employees and has 6,000 users, claims sales increased by 130 percent in 2021.
Apploi also keeps track of job post-conversion rates, indicating where candidates are coming from, and can measure job post-performance across social media platforms and follow candidates throughout the recruiting process. In addition, before issuing an offer, Apploi can start screenings and assist candidates through stages such as license verification, background checks, and other administrative requirements.
Apploi’s tools appear to be quite comprehensive from the outside looking in. In addition, the health tech business has a lot of venture funding, with Silicon Valley Bank claiming that health tech startups raised $39.7 billion in 2021. However, Apploi’s future success will hinge on its ability to separate itself from competitors such as Lantum, Vivian Health (previously NurseFly), and Incredible Healt
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