- Companies
- Incredible Health
Incredible Health Valuation, Funding & Investors
Incredible Health is valued at $1.6B as of August 2022.
Last Incredible Health valuation
$1.6B
Series B · Aug 2022
Last Incredible Health funding round
$80M
Series B · Aug 2022
Cumulative funding Incredible Health raised
$100M
across 4 funding rounds
Key investors in Incredible Health
NFX
Obvious Ventures
Andreessen Horowitz
Precursor Ventures
Matt Mickiewicz
Peter Kazanjy
About Incredible Health
Incredible Health is a San Francisco-headquartered recruiting platform matching hospitals with registered nurses. Its AI system analyzes 1.5 billion data points from 3 million nurse profiles to fill permanent roles, serving 1,500+ health systems like Kaiser Permanente and Cleveland Clinic. Founded in 2017, it reduces hiring time by 60% through verified skill matching and retention incentives.
Founded
2017
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$1.6B (Aug 2022)
Incredible Health Valuation
Incredible Health is currently valued at $1.6B, based on its Series B in August 2022.
The $80M round was led by Base10 Partners, with participation from Chano Fernandez, Andre Iguodala, 444 Capital, Obvious Ventures, Andreessen Horowitz and 3 other investors.
Incredible Health valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Aug 2022 | Series B | $1.6B |
Incredible Health Funding History
Incredible Health has raised a total of $100M across 4 funding rounds.
Incredible Health's first fundraising round was a $2M pre-seed round in November 2016. The most recent completed round was a $80M Series B in August 2022.
Incredible Health funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Aug 2022 | Series B | Base10 Partners (lead); Chano Fernandez; Andre Iguodala; 444 Capital; Obvious Ventures; Andreessen Horowitz; Kaiser Permanente; Stardust Equity; Rethink Impact | $80M | $1.6B | Incredible Health is a San Francisco-based career marketplace platform that matches permanent healthcare workers, primarily nurses, with hospitals and health systems using proprietary algorithm-based technology. Founded by Iman Abuzeid and Rome Portlock, it focuses on full-time placements rather than contractors, serving over 600 top hospitals nationwide including Stanford Health Care, Cedars-Sinai, NYU Langone, and Northwestern Medicine, as well as customers like Kaiser Permanente. The platform has reduced average hiring time to 14 days from the industry average of 89 days and is used by over 10,000 nurses weekly. On August 17, 2022, Incredible Health raised $80 million in an oversubscribed Series B funding round led by Base10 Partners as part of their Advancement Initiative, which supports underrepresented minorities and donates to HBCUs. Existing investors Andreessen Horowitz and Obvious Ventures participated, alongside Kaiser Permanente, Workday CEO Chano Fernandez, NBA champion Andre Iguodala, Rethink Impact, Stardust Equity, and the D'Amelio family via 444 Capital. The round brought total funding to $97 million and valued the company at a $1.65 billion post-money valuation, achieving unicorn status as the highest-valued tech-enabled career marketplace in healthcare. The funding will accelerate growth to manage surging patient care demand amid a national labor crisis, expand to more healthcare roles beyond nursing, include urgent care and surgical centers, scale to support 90% of America's nurse workforce, enhance career support offerings, and pursue market expansion. Incredible Health, with 180 remote employees across 35 states, plans scholarship initiatives for nurses with Base10 Partners and continues rapid hiring. It competes with platforms like Trusted Health and Clipboard Health in addressing hospital staffing shortages. |
| Sep 2019 | Series A | Andreessen Horowitz (lead); Peter Kazanjy; Obvious Ventures; Matt Mickiewicz; Precursor Ventures; Steve Goodman; NFX; GingerBread Capital | $15M | - | Incredible Health is a tech-enabled career marketplace matching nurses and healthcare professionals with permanent hospital jobs using proprietary algorithms. The company launched its platform in late 2017, initially focusing on California with over 150 hospitals and thousands of nurses signed up. In September 2019, it raised a $15 million Series A round led by Andreessen Horowitz, with participation from NFX, Obvious Ventures, Precursor Ventures, GingerBread Capital, and individuals including Matt Mickiewicz, Steve Goodman, and Peter Kazanjy. The funding aimed to accelerate national scaling across the US. The platform emphasizes permanent, well-paid hospital positions over travel or temp nursing, reducing manual application sifting for faster hiring. By 2022, Incredible Health had grown significantly, partnering with over 600 hospitals nationwide and achieving milestones like 10,000 weekly nurse sign-ups and reducing average hiring time to 14 days from the industry standard of 82 days. |
| Jul 2017 | Seed | Obvious Ventures (lead); Peter Kazanjy; Matt Mickiewicz; Precursor Ventures; Steve Goodman; NFX; Linnea Roberts; iAngels | $2M | - | - |
| Nov 2016 | Pre-seed | NFX (lead) | $2M | - | - |
Who has invested in Incredible Health?
17 investors have backed Incredible Health across its funding rounds, including NFX, Obvious Ventures, Andreessen Horowitz, Precursor Ventures, Matt Mickiewicz and Peter Kazanjy.
Lead investors include Base10 Partners, Andreessen Horowitz, Obvious Ventures and NFX.
Incredible Health Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Jul 2017 | ||
| 3 | Lead | Nov 2016 | ||
| 2 | Participant | Jul 2017 | ||
| 2 | Participant | Jul 2017 | ||
| 2 | Participant | Jul 2017 | ||
| 2 | Lead | Sep 2019 | ||
| 2 | Participant | Jul 2017 | ||
| 1 | Participant | Aug 2022 | ||
| 1 | Participant | Aug 2022 | ||
| 1 | Participant | Aug 2022 | ||
| 1 | Participant | Aug 2022 | ||
| 1 | Participant | Aug 2022 | ||
| 1 | Lead | Aug 2022 | ||
This data is available for Pro users. Sign up to see all 17 Incredible Health investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialIncredible Health Competitors
Incredible Health competitors include listed companies like Omnicell and Indegene, and private ones like Collective Health, ShiftKey, IntelyCare and Unite Us.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1.5B | - | ||
| Private | - | - | $2B | - | ||
| Private | - | - | $1.1B | - | ||
| Private | - | - | $1.6B | - | ||
| Publicly listed | $1.2B | $92M | $1.5B | 1.1x | ||
| Publicly listed | $366M | $68M | $1.5B | 3.3x |
Incredible Health Public Comps
Incredible Health is still privately-owned, but its public comps include Omnicell, Qingdao Baheal Medical, Indegene, EverCommerce, U.S. Physical Therapy, PHC Holdings, Visional, Upwork, Vitec Software and Schrödinger.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.2B | $92M | 1.2x | 1.1x | 15.0x | 8.1x | |||
| $1.1B | $139M | 1.9x | 1.9x | 15.1x | 16.8x | |||
| $366M | $68M | 3.7x | 3.3x | 19.9x | 18.2x | |||
| $589M | $128M | 3.0x | 2.9x | 13.7x | 9.5x | |||
| $781M | $110M | 2.5x | 2.3x | 17.5x | 18.9x | |||
| $2.3B | $320M | 1.0x | 1.0x | 7.2x | 6.5x | |||
| $515M | $157M | 3.3x | 2.6x | 10.8x | 9.3x | |||
| $788M | $180M | 1.0x | 1.1x | 4.6x | 3.6x | |||
This data is available for Pro users. Sign up to see all Incredible Health competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Incredible Health
| When was Incredible Health founded? | Incredible Health was founded in 2017. |
| Where is Incredible Health headquartered? | Incredible Health is headquartered in San Francisco, CA, United States. |
| Is Incredible Health publicly listed? | No, Incredible Health is a private, VC-backed company. |
| What is Incredible Health's valuation? | Incredible Health was last valued at $1.6B in its Series B in August 2022. |
| How much funding has Incredible Health raised? | Incredible Health has raised $100M across 4 funding rounds. |
| What was Incredible Health's last funding round? | Incredible Health's last funding round was a $80M Series B in August 2022, led by Base10 Partners. |
| Who are Incredible Health's investors? | Incredible Health's investors include Obvious Ventures, NFX, Peter Kazanjy, Matt Mickiewicz, Precursor Ventures, Andreessen Horowitz, Steve Goodman, Chano Fernandez, Andre Iguodala, 444 Capital and 7 others. |
| Which companies are comparable to Incredible Health? | Companies comparable to Incredible Health include Collective Health, ShiftKey, IntelyCare, Unite Us, Omnicell and Indegene. |
See companies similar to Incredible Health
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