- Companies
- Clipboard Health
Clipboard Health Valuation, Funding & Investors
Clipboard Health is valued at $1.3B as of February 2022.
Last Clipboard Health valuation
$1.3B
Series C · Feb 2022
Last Clipboard Health funding round
$30M
Series C · Feb 2022
Cumulative funding Clipboard Health raised
$94M
across 5 funding rounds
Key investors in Clipboard Health
Initialized Capital
Y Combinator
Caffeinated Capital
SciFi VC
Sequoia Capital
Bossa Invest
About Clipboard Health
Clipboard Health is a staffing marketplace connecting travel nurses, CNAs, and allied health professionals to open shifts at hospitals and clinics. Launched in San Francisco, the platform uses AI matching for qualifications, preferences, and location, enabling one-click applications and instant bookings. Serving over 1,000 facilities nationwide, including Kaiser Permanente and HCA Healthcare, Clipboard Health facilitates flexible per diem work amid healthcare labor shortages.
Founded
2016
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Commission
Valuation
$1.3B (Feb 2022)
Clipboard Health Valuation
Clipboard Health is currently valued at $1.3B, based on its Series C in February 2022.
The $30M round was led by Sequoia Capital, with participation from Y Combinator, SciFi VC, Initialized Capital and Caffeinated Capital.
Clipboard Health valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Feb 2022 | Series C | $1.3B |
Clipboard Health Funding History
Clipboard Health has raised a total of $94M across 5 funding rounds.
Clipboard Health's first fundraising round was a $100K pre-seed round in January 2017. The most recent completed round was a $30M Series C in February 2022.
Clipboard Health funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Feb 2022 | Series C | Sequoia Capital (lead); Y Combinator; SciFi VC; Initialized Capital; Caffeinated Capital | $30M | $1.3B | Clipboard Health is a healthcare staffing platform connecting healthcare professionals like nurses with facilities for per diem and urgent shifts, founded in 2016 and headquartered in Walnut, California. It addresses demand-supply challenges in sectors like long-term care, hospitals, and beyond healthcare, achieving 20X growth since January 2021, 50% YoY growth in active professionals and facilities, and 50% YoY growth in shifts posted. The company empowers nurses to earn over $54 per hour on average in 2022, exceeding the national median of $37. This round was announced alongside a prior $50 million Series B led by IVP, bringing total funding to $80 million (or $94.1 million per some sources). The post-money valuation reached $1.3 billion, marking it as a unicorn among healthcare startups hitting $1B+ valuations in 2022. The Series C valued the company at $1.3B post-funding, with the company site confirming this post-Series C figure and noting backing by Sequoia and IVP. Investors total 15, with Sequoia as lead in Series C. Clipboard Health acquired Pathmind in December 2021 and became profitable since 2022, ranking #33 in Y Combinator's top 100 companies, with a team of 550+ across 40+ countries. |
| Mar 2021 | Series B | IVP (lead); Y Combinator; SciFi VC; Initialized Capital; Caffeinated Capital | $50M | - | Clipboard Health is a healthcare staffing marketplace that connects nurses, nursing assistants, and other healthcare professionals with available shifts at nearby facilities through a mobile app. Founded in 2016 and based in Walnut, California (later San Francisco), the company enables flexible work arrangements with no minimum hour or shift requirements for healthcare workers seeking on-demand employment opportunities. In June 2021, Clipboard Health raised $50 million in its Series B round led by IVP, with participation from Y Combinator, Caffeinated Capital, Initialized Capital, and SciFi VC among other investors. The company did not publicly disclose a post-money valuation for the Series B round at the time of announcement. Subsequently, in February 2022, Clipboard Health closed a $30 million Series C round led by Sequoia Capital, which brought its post-money valuation to $1.3 billion and total funding to approximately $94 million. By the time of its Series C announcement in April 2022, the company noted that its gross revenue had increased by a factor of 25 over the preceding 18 months, though absolute revenue figures were not shared publicly. The company achieved profitability by 2022 and expanded its platform to over 30 U.S. cities with more than 1,000 healthcare facilities and tens of thousands of healthcare professionals using the platform. |
| Sep 2019 | Series A | Spark Capital; Emmett Shear; Initialized Capital; Caffeinated Capital | $12M | - | - |
| Mar 2017 | Seed | Initialized Capital; Avichal Garg; Firstrock Capital; Bossa Invest | $2M | - | - |
| Jan 2017 | Pre-seed | Y Combinator; Liquid 2 Ventures | $100K | - | - |
Who has invested in Clipboard Health?
12 investors have backed Clipboard Health across its funding rounds, including Initialized Capital, Y Combinator, Caffeinated Capital, SciFi VC, Sequoia Capital and Bossa Invest.
Lead investors include Sequoia Capital and IVP.
Clipboard Health Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Participant | Mar 2017 | ||
| 3 | Participant | Jan 2017 | ||
| 3 | Participant | Sep 2019 | ||
| 2 | Participant | Mar 2021 | ||
| 1 | Lead | Mar 2021 | ||
| 1 | Participant | Sep 2019 | ||
| 1 | Participant | Jan 2017 | ||
| 1 | Participant | Sep 2019 | ||
| 1 | Participant | Mar 2017 | ||
| 1 | Lead | Feb 2022 | ||
This data is available for Pro users. Sign up to see all 12 Clipboard Health investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialClipboard Health Competitors
Clipboard Health competitors include listed companies like Upwork, Grupa Pracuj and Visional, and private ones like Andela, Apna and Movile.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $50M | - | $1.5B | - | ||
| Private | $14M | - | $1.1B | 78.6x | ||
| Publicly listed | $788M | $180M | $1.1B | 1.1x | ||
| Publicly listed | $214M | $95M | $1B | 4.4x | ||
| Private | - | - | $1B | - | ||
| Publicly listed | $515M | $157M | $2.2B | 2.6x |
Clipboard Health Public Comps
Clipboard Health is still privately-owned, but its public comps include Alma Media, Mony Group, Izumi Co, BuySell Technologies, The RealReal, CarTrade Tech, Moltiply Group, Yelp, Baltic Classifieds Group and Upwork.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $377M | $110M | 3.8x | 3.7x | 13.1x | 11.6x | |||
| $599M | $184M | 2.3x | 2.3x | 7.5x | 7.1x | |||
| $3.7B | $300M | 0.6x | 0.6x | 6.9x | 6.8x | |||
| $647M | $70M | 1.8x | 1.4x | 16.2x | 11.8x | |||
| $693M | $15M | 2.2x | 2.0x | 99.6x | 24.6x | |||
| $81M | $33M | 17.5x | 15.6x | 43.2x | 43.8x | |||
| $787M | $148M | 2.4x | 2.3x | 13.0x | 8.6x | |||
| $1.5B | $251M | 0.8x | 0.8x | 4.5x | 3.4x | |||
This data is available for Pro users. Sign up to see all Clipboard Health competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Clipboard Health
| When was Clipboard Health founded? | Clipboard Health was founded in 2016. |
| Where is Clipboard Health headquartered? | Clipboard Health is headquartered in San Francisco, CA, United States. |
| Is Clipboard Health publicly listed? | No, Clipboard Health is a private, VC-backed company. |
| What is Clipboard Health's valuation? | Clipboard Health was last valued at $1.3B in its Series C in February 2022. |
| How much funding has Clipboard Health raised? | Clipboard Health has raised $94M across 5 funding rounds. |
| What was Clipboard Health's last funding round? | Clipboard Health's last funding round was a $30M Series C in February 2022, led by Sequoia Capital. |
| Who are Clipboard Health's investors? | Clipboard Health's investors include Initialized Capital, Y Combinator, Caffeinated Capital, SciFi VC, IVP, Spark Capital, Liquid 2 Ventures, Emmett Shear, Avichal Garg, Sequoia Capital and 2 others. |
| Which companies are comparable to Clipboard Health? | Companies comparable to Clipboard Health include Andela, Apna, Upwork, Grupa Pracuj, Movile and Visional. |
See companies similar to Clipboard Health
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