Anne Stych, Staff Writer, Bizwomen
Incredible Health
Dr. Iman Abuzeid, founder of Incredible Health
Healthcare worker career marketplace Incredible Health Inc. has secured $80 million in Series B funding, bringing the company’s valuation to $1.65 billion.
Base10 Partners led the funding round for the company, which operates an online job board for nurses. The new financing more than doubles the San Francisco startup’s valuation from the $59 million its backers had assigned it as part of its Series A round three years ago.
Led by Dr. Iman Abuzeid, Incredible Health saw its revenue jump by more than 500% last year, according to the company. Some 60% of the nation’s top-ranked hospitals, including Stanford Health Care, use its service to find staff, it says.
“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,” said Abuzeid. “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.”
Base10 Partners led the round as part of their Advancement Initiative, a fund designed to align the success of tech companies with wealth creation for underrepresented minorities. The Advancement Initiative invests in leading pre-IPO companies and donates 50% of the fund’s carried interest to Historically Black Colleges & Universities (HBCUs) to create student scholarships and support university endowments. Incredible Health and Base10 Partners intend to create a scholarship initiative for nurses.
Existing investors Andreessen Horowitz and Obvious Ventures also returned for investment. Incredible Health customer Kaiser Permanente also participated. New investors include Workday CEO Chano Fernando, NBA player Andre Iguodala, Rethink Impact, and Stardust Equity. TikTok personalities Charli and Dixie D’Amelio also joined the round via their 444 Capital Fund.
Incredible Health currently has 180 remote employees in 35 states.
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