Trusted Inc., a talent platform focused on healthcare staffing, announced $149 million in new investments. Meanwhile, ConnectRN, the provider of a staffing app for nurses, completed a $76 million funding round.
Trusted
Trusted's new investments include a $94 million Series C funding round led by venture capital firm Greenspring Associates and a $55 million Series B funding round led by early investors Craft Ventures and Felicis Ventures.
The two rounds bring total funding at Trusted to $175 million.
The rounds will go toward accelerating the rollout of Trusted’s new “Works” platform, which enables hospitals to build their own on-demand workforces from contract labor to internal float pools.
“The entire staffing supply chain in healthcare is broken and has been for some time. Trusted built its brand by focusing on one half of the equation: creating a place where nurses can take control of their job search and find flexible roles,” said StepStone Group General Partner John Avirett. “With the launch of Works, they’re bringing it all together by helping hospitals hire and manage their entire contingent workforce and we feel they are well poised to tackle the entire $1 trillion healthcare workforce market.”
San Francisco-based Trusted had a $20 million Series A round back in May 2019.
ConnectRN
The $76 million in new funding for connectRN brings its total raised to more than $100 million since it was founded in 2014.
Headquartered in Waltham, Massachusetts, connectRN provides career development resources, flexible shift offerings and an online community for nurses and nurses aides.
Suvretta Capital Management and Avidity Partners co-led the round, along with HBM Healthcare Investments, Infinitum Asset Management, Adage Capital Management, Cormorant Asset Management and Park West Asset Management.
Amedisys Inc., a home health nursing company based in Baton Rouge, Louisiana, also participated in the financing and will collaborate with connectRN in these new healthcare settings.
“The business is poised to deliver 240% organic revenue growth year over year in 2021 confirming our hypothesis that nurses and aides are not only in demand but are seeking a better path for their careers,” said connectRN CEO Ted Jeanloz. He noted the financing will provide resources and accelerate connectRN's growth in new and existing markets.
