Nurse sourcing platform 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.