IntelyCare, a US-based producer of healthcare workforce management software, secured $115m in series C funding yesterday from investors including healthcare provider Kaiser Permanente.
Janus Henderson Investors led the round, which also featured Endeavour Vision, Longitude Capital, Leeds Illuminate and Revelation Partners, while Kaiser Permanente invested through corporate venturing unit Kaiser Permanente Ventures. The round valued the company at $1.1bn.
IntelyCare provides a cloud-based platform that matches healthcare facilities with available nursers, helping them to predict and flexibly manage their staffing needs, using machine learning and artificial intelligence technology to fill empty shifts.
The capital will be used to expand into new US states and invest in IntelyCare’s artificial intelligence and data capabilities. It said the number of nursing professionals on the platform more than doubled last year.
The company also claims its annual revenue has grown by more than 850% since its $45m series B round, in early 2020, which included Kaiser Permanente Ventures and Generator Ventures.
Intelycare has now secured $174m altogether, with Leerlink Revelation Partners, Longmeadow Capital, LRVHealth and Bill Mantzoukas among its earlier backers.
David Coppins, IntelyCare’s co-founder and chief executive, said: “In 2016 we began working on a platform to disrupt an industry that was slow to innovate.
“We knew that a technology solution could change lives for both sides of the market and we are seeing that vision come to fruition as we now have over 30,000 nursing professionals working with IntelyCare at over 1,600 facilities across the country. We will use this investment to continue redefining the future of work for our nation’s nurses.”
Photo courtesy of IntelyCare, Inc.
