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Tech funding: Incredible Health’s $80 million round; HiBob reports $150 million; others include Bacon, IsoTalent, ImIn, GrowthSpace

August 17, 2022

Funding announcements include an $80 million round from nurse sourcing platform Incredible Health and a $150 million round from HR information system provider HiBob. Other firms announcing rounds are talent platform Bacon, recruiter and employer-of-record firm IsoTalent, scheduling app ImIn and training platform GrowthSpace.

Incredible Health

Incredible Health announced an $80 million series B funding round valuing the company at $1.65 billion. San Francisco-based Incredible Health provides a software platform that sources nurses on a permanent-placement basis for hospitals. The company said it reduces the time to hire for permanent nurses to 14 days.

“This new funding comes on the heels of several major milestones for Incredible Health over the last 18 months,” CEO and co-founder Iman Abuzeid, MD, wrote in a blog post. “In 2021, revenue grew 500% as our marketplace grew exponentially.”

Abuzeid also noted more than 10,000 US nurses join Incredible Health’s platform every week and it now partners with 600 hospitals.

The funding round was led by Base10 Partners, according to Incredible Health. Existing investors also returned, including Andreessen Horowitz and Obvious Ventures. New investors include Workday co-CEO Chano Fernandez, NBA player Andre Iguodala, Rethink Impact and Stardust Equity. The D’Amelio family — which includes TikTok personalities Charli and Dixie D’Amelio — also joined the round through their 444 Capital Fund. Kaiser Permanente and Johns Hopkins participated as well.

HiBob

Human resources information system provider HiBob reported a $150 million series D funding round led by growth equity firm General Atlantic. Also taking part was Bessemer Venture Partners. The round takes Tel Aviv, Israel-based HiBob’s total funding to $424 million and a valuation of $2.45 billion.

It follows a $150 million series C round last October.

“Business leaders of midsize companies understand the mission-critical role a flexible HR technology platform can play in managing their teams,” said Anton Levy, co-president, managing director and global head of technology investing at General Atlantic.

HiBob reported that it made 370 new hires since the fourth quarter; expanded its New York and London offices; opened an office in Berlin, Germany; and reported users in 166 countries.

Bacon

Bacon, an online talent platform based in Provo, Utah, announced an $8 million series A-1 funding round on Aug. 4. Bacon’s app connects independent contractors with clients. It focuses on job opportunities in warehousing, construction, deliveries, catering and other areas.

Plans call for the funding to go toward hiring team members and expanding to 40 more markets in the next 18 to 24 months.

New investors in the round include Grayhawk Capital, 2.0 Ventures and Elevate Capital. They joined follow-on investors Hall Venture Partners and Assure Syndicates.

Bacon reported it has provided more than 240,000 shift work opportunities to more than 165,000 workers and 650 companies.

IsoTalent

IsoTalent, a Lehi, Utah-based recruiting and employer-of-record firm, announced a $5 million seed funding round. The round was co-led by Ad Ventures and Crocker Ventures. They were joined by venture capital firm Sweater.

IsoTalent provides on-demand teams of recruiters that companies can tap into, global employer-of-record services and a free applicant tracking system. The company reported it has served more than 200 companies to date and aims to add more than 100 new customers this year.

“IsoTalent’s unique hourly-rate model levels the hiring playing field, saving companies up to 70% from traditional recruiting services by more efficiently connecting jobseekers, recruiters and hiring managers,” according to a post by Sweater.

ImIn Inc.

ImIn Inc. announced a $1 million seed funding round on Aug. 3. ImIn provides an online scheduling app that enables directly hired employees to set their own schedules. It also enables employers to offer hours to a pool of on-demand staff.

The Atlanta-based company’s app has been in beta stage since June 2021.

“The world and how we do things is changing quickly, and ImIn is helping organizations keep up by reimagining the way we work,” said ImIn’s founder and CEO Lauren Wilson. “Through our app, employees are now in control of their lives and careers and can choose when and how they want to work without impacting their employer’s bottom line.”

Leading the seed funding round was Collab Capital, an early-stage investment fund focused on startups led by Black founders.

GrowthSpace

GrowthSpace Inc., a platform that connects companies with subject-matter experts to provide training, announced a $25 million series B funding round. It was led by Zeev Ventures. Also participating in the round were existing investors M12 (Microsoft’s venture fund) and Vertex Ventures. Growthspace’s funding raised now totals $44 million.

GrowthSpace’s platform can be used for individual and group coaching, mentoring, training, workshops and lectures.

The company is based in New York.