San Francisco, a U.S-based career marketplace for permanent healthcare workers, Incredible Health, raised USD 80 million. The Series B round took place on August 17, 2022. With the latest funding, the valuation of the company soared to USD 1.65 billion. It helped the company to achieve the unicorn status.
Base10 Partners led the financing for the firm. Existing investors such as Andreessen Horowitz and Obvious Ventures participated in the funding. Kaiser Permanente, Johns Hopkins, Workday CEO Chano Fernandez and NBA Champion Andre Iguodala, and The D’Amelio family, including Charli and Dixie D’Amelio, joined in the investment.
Purpose of funding for Incredible Health
With the latest funding, the company aims to optimize every aspect of the hiring workflow with machine learning technology. This involves screening and matching to a personalized and automated experience for healthcare workers and employers. Besides, Incredible Health has plans to support nurses and other healthcare workers throughout their careers, beyond finding permanent jobs, including skill growth, scheduling services, mobility and relocation support, cross-training, and educational scholarships.
Meanwhile, the company seeks to enhance its tech-enabled nurse community with personalized advice and content ranking. The healthcare firm intends to expand and scale to 90% of the U.S. nurse workforce and support healthcare worker roles beyond nursing that have critical shortages.
What the cofounder has to say
Iman Abuzeid M.D., CEO and cofounder of Incredible Health, said, “Nurses are the backbone of the U.S. healthcare system, and they deserve the well-staffed teams and tools to not only succeed but also feel fulfilled in their careers. Our model has met the moment and changed the paradigm for both nurses and healthcare providers in the most challenging time in U.S. healthcare. We’re excited to accelerate our growth to affect even more change.”
What the investor has to say
Jamison Hill, the partner at Base10 Partners, said, “Incredible Health is an exciting addition to the Advancement Initiative portfolio. The company’s mission and support for nurses closely align with our values, but what truly makes Incredible Health special is how the company has transformed the way health systems recruit talent and nurses find work. The company is solving an urgent need in healthcare, and we’re excited to be a part of its next stage of growth.”
What UC Davis Health official has to say
David Lubarsky, CEO and M.D. of UC Davis Health, said, “These past few years have brought many lessons learned, but one of the biggest is the importance of really listening to our nurses, and right now – nurses need more nurses. We’re glad to have streamlined our internal hiring operations to move past conventional time – with Incredible Health stepping in to do the heavy lifting. The company truly understands what our workforce needs and provides the right technology and support to see their mission through.”
About Incredible Health
Rome Portlock and Iman Abuzied co-founded the company in 2017. The U.S-based operates as a career marketplace for nurses, focusing on helping hospitals hire workers for permanent roles. Incredible Health works with more than 600 hospitals across 25 states. It works with extensive health systems such as Kaiser Permanente and HCA Healthcare, regional systems like Baylor Scott and White and WellStar, and academic medical centres like NYU, Northwestern, Stanford, and Cedar Sinai.
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