Nomad Health, a web-based job portal for non permanent healthcare employees, scooped up $105 million in financing, led by Adams Road Companions and Icon Ventures.
Different contributors within the spherical embody HealthQuest Capital, Polaris Companions, .406 Ventures, AlleyCorp and RRE Ventures in addition to new debt suppliers J.P. Morgan and Trinity Capital.
The staffing startup mentioned the brand new capital brings its whole elevate to greater than $200 million. The funding comes lower than a 12 months after Nomad introduced it had introduced in $63 million in new fairness and debt financing.
WHAT IT DOES
Nomad gives a staffing market for non permanent employees, permitting customers to seek for open jobs throughout the nation, apply to positions, handle a web-based resume and filter openings by pay and specialty.
The corporate plans to make use of the capital to develop past journey nurses to incorporate professionals like laboratory technicians, bodily therapists and ultrasound technicians. It additionally introduced the rent of Maquel Shaw as chief advertising officer, who joins the startup from commerce firm Overstock.com.
“The COVID-19 pandemic has uncovered and accelerated the healthcare workforce disaster that has been a robust undercurrent in healthcare for many years. This twenty first century scale downside direly wants a twenty first century answer. We’ve been working laborious to suppose in a different way and to use expertise, refined knowledge science, and greatest enterprise practices from throughout industries in order that Nomad can extra effectively, successfully, and scalably serve clinicians of every kind at well being techniques all throughout the nation,” CEO and cofounder Dr. Alexi Gharib Nazem mentioned in an announcement.
Healthcare staffing shortages have develop into a significant concern for suppliers, significantly within the midst of the continued COVID-19 pandemic. A latest report from the American Hospital Association discovered labor makes up greater than half of hospitals’ whole bills. In the meantime, the report famous a 120% improve in job postings for contract or journey nurses from January 2019 to January 2022.
There are actually a lot of startups touting tech-enabled healthcare job marketplaces. In April, Clipboard Well being introduced it had raised $80 million throughout two funding rounds, a $30 million Sequence C that wrapped up in February and a $50 million Sequence B from final 12 months.
IntelyCare, which focuses on nurses and nursing assistants, recently scooped up $115 million in Sequence C funding, bumping the corporate’s valuation to $1.1 billion. In the meantime, connectRN introduced a $76 million raise in December, whereas Prolucent Well being raised $11.5 million in Sequence A funding.