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

Incredible Health Overview

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

United StatesSan Francisco, CA

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

Incredible Health valuation by funding round
DateStageValuation
Aug 2022Series 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

Incredible Health funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Aug 2022Series BBase10 Partners (lead); Chano Fernandez; Andre Iguodala; 444 Capital; Obvious Ventures; Andreessen Horowitz; Kaiser Permanente; Stardust Equity; Rethink Impact$80M$1.6BIncredible 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 2019Series AAndreessen 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 2017SeedObvious Ventures (lead); Peter Kazanjy; Matt Mickiewicz; Precursor Ventures; Steve Goodman; NFX; Linnea Roberts; iAngels$2M--
Nov 2016Pre-seedNFX (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

Investors in Incredible Health by funding rounds participated
InvestorHQRoundsRoleFirst check
Obvious VenturesUnited StatesSan Francisco, CA3LeadJul 2017
NFXUnited StatesSan Francisco, CA3LeadNov 2016
Peter KazanjyUnited StatesUnited States2ParticipantJul 2017
Matt MickiewiczCanadaCanada2ParticipantJul 2017
Precursor VenturesUnited StatesSan Francisco, CA2ParticipantJul 2017
Andreessen HorowitzUnited StatesSan Francisco, CA2LeadSep 2019
Steve GoodmanUnited StatesSan Francisco, CA2ParticipantJul 2017
Chano FernandezUnited KingdomLondon1ParticipantAug 2022
Andre IguodalaUnited StatesSan Francisco, CA1ParticipantAug 2022
444 CapitalUnited StatesUnited States1ParticipantAug 2022
Kaiser PermanenteUnited StatesSan Francisco, CA1ParticipantAug 2022
Stardust EquityUnited StatesNew York City, NY1ParticipantAug 2022
Base10 PartnersUnited StatesSan Francisco, CA1LeadAug 2022

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Incredible Health Competitors

Incredible Health competitors include listed companies like Omnicell and Indegene, and private ones like Collective Health, ShiftKey, IntelyCare and Unite Us.

Public and private companies comparable to Incredible Health
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Collective HealthUnited StatesSan Francisco, CAPrivate--$1.5B-
ShiftKeyUnited StatesDallas, TXPrivate--$2B-
IntelyCareUnited StatesBoston, MAPrivate--$1.1B-
Unite UsUnited StatesNew York City, NYPrivate--$1.6B-
OmnicellUnited StatesUnited StatesPublicly listed$1.2B$92M$1.5B1.1x
IndegeneIndiaIndiaPublicly listed$366M$68M$1.5B3.3x

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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Omnicell$1.2B$92M1.2x1.1x15.0x8.1x
Qingdao Baheal Medical$1.1B$139M1.9x1.9x15.1x16.8x
Indegene$366M$68M3.7x3.3x19.9x18.2x
EverCommerce$589M$128M3.0x2.9x13.7x9.5x
U.S. Physical Therapy$781M$110M2.5x2.3x17.5x18.9x
PHC Holdings$2.3B$320M1.0x1.0x7.2x6.5x
Visional$515M$157M3.3x2.6x10.8x9.3x
Upwork$788M$180M1.0x1.1x4.6x3.6x

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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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