- Companies
- IntelyCare
IntelyCare Valuation, Funding & Investors
IntelyCare is valued at $1.1B as of April 2022.
Last IntelyCare valuation
$1.1B
Series C · Apr 2022
Last IntelyCare funding round
$115M
Series C · Apr 2022
Cumulative funding IntelyCare raised
$171M
across 3 funding rounds
Key investors in IntelyCare
Kaiser Permanente Ventures
Revelation Partners
Endeavour Vision
Janus Henderson
Longitude Capital
Eastward Capital Partners
About IntelyCare
IntelyCare is a Boston-headquartered platform founded in 2014 that matches licensed nurses and nursing assistants with per diem shifts at post-acute care facilities across the United States. The company leverages a mobile app and predictive analytics to fill shifts three times faster than industry averages, serving over 1,000 facilities in 25 states. IntelyCare's tools forecast staffing needs, optimize schedules, and provide real-time shift updates, helping providers manage labor shortages while offering nurses flexible work options with transparent pay rates.
Founded
2014
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Commission, Subscription
Valuation
$1.1B (Apr 2022)
IntelyCare Valuation
IntelyCare is currently valued at $1.1B, based on its Series C in April 2022.
The $115M round was led by Janus Henderson, with participation from Revelation Partners, Kaiser Permanente Ventures, Leeds Illuminate, Endeavour Vision and Longitude Capital.
IntelyCare valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Apr 2022 | Series C | $1.1B |
IntelyCare Funding History
IntelyCare has raised a total of $171M across 3 funding rounds.
IntelyCare's first fundraising round was a $11M Series A in November 2018. The most recent completed round was a $115M Series C in April 2022.
IntelyCare funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Apr 2022 | Series C | Janus Henderson (lead); Revelation Partners; Kaiser Permanente Ventures; Leeds Illuminate; Endeavour Vision; Longitude Capital | $115M | $1.1B | IntelyCare is a cloud-based healthcare workforce management platform that uses machine learning and artificial intelligence to match nursing professionals with healthcare facilities, helping predict and flexibly manage staffing needs. The company operates a gig-model-based approach that provides nurses with flexible scheduling control while enabling healthcare facilities to better manage their internal and per diem staff across their operations. On April 6, 2022, IntelyCare completed a Series C funding round of $115 million led by Janus Henderson Investors and including Endeavour Vision, Kaiser Permanente Ventures, Leeds Illuminate, Longitude Capital, and Revelation Partners. The round valued the company at $1.1 billion post-money valuation. At the time of the funding, IntelyCare had achieved substantial growth, more than tripling its revenue in 2021 and growing annual revenue by over 850% since its $45 million Series B round in early 2020. Estimated annual recurring revenue (ARR) as of 2022 was approximately $545.8 million, reflecting the company's rapid scaling. The company had expanded to operate across 28 states with over 30,000 nursing professionals on its platform serving more than 1,600 healthcare facilities nationwide. The Series C capital was designated for expansion into new U.S. states and investment in IntelyCare's artificial intelligence and data analytics capabilities, as the company continued to establish itself as the largest tech-enabled nurse staffing platform in the United States. |
| Feb 2020 | Series B | Endeavour Vision (lead); Revelation Partners; Kaiser Permanente Ventures; Generator Ventures | $45M | - | IntelyCare is a Boston-based digital workforce augmentation platform that applies gig economics and advanced data science to match nurses with post-acute care facilities, filling shifts at three times the industry average and optimizing staffing needs. The company raised $45 million in its Series B round on February 20, 2020, led by Endeavour Vision with participation from Kaiser Permanente Ventures and Generator Ventures, alongside existing investors like Revelation Partners. This marked the largest venture round in nursing technology at the time, comprising new equity and debt financing to expand the platform, enhance data analytics, acquire clients, and address the projected 1 million nurse shortfall by 2030. At the time of the Series B, IntelyCare's platform served over 400 facilities and 11,000 nurses, staffing 2 million hours of care gaps. The company had doubled its revenue and facility count from 2018 to 2019, demonstrating rapid growth. Post-Series B, IntelyCare continued scaling, raising a $115 million Series C in April 2022 led by Janus Henderson Investors at a $1.1 billion valuation, with returning investors including Endeavour Vision, Revelation Partners, and Kaiser Permanente Ventures. Annual revenue grew over 850% since the 2020 round, nurse pool doubled in 2021, and client demand nearly tripled, expanding to over 30,000 nurses and 1,600 facilities across multiple states. Total funding reached $174 million across rounds. |
| Nov 2018 | Series A | Leerink Revelation Partners (lead); Longmeadow Capital Partners; LRVHealth; Eastward Capital Partners | $11M | - | IntelyCare raised $10.8 million in its Series A funding round in November 2018, led by Leerink Revelation Partners with participation from Longmeadow Capital Partners, LRVHealth, and angel investor Bill Mantzoukas. This brought the company's total funding to $14 million following a prior seed round. The platform provides intelligent workforce management software for post-acute care facilities, matching nurses and certified nursing assistants with flexible shifts to address staffing shortages. The funding supported accelerated product development and market adoption of IntelyCare’s on-demand nurse staffing app. IntelyCare aims to streamline administration, reduce burnout, and improve patient care by better allocating nursing professionals. The company had previously raised approximately $3 million in seed funding in 2017. |
Who has invested in IntelyCare?
11 investors have backed IntelyCare across its funding rounds, including Kaiser Permanente Ventures, Revelation Partners, Endeavour Vision, Janus Henderson, Longitude Capital and Eastward Capital Partners.
Lead investors include Janus Henderson, Endeavour Vision and Leerink Revelation Partners.
IntelyCare Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Feb 2020 | ||
| 2 | Participant | Feb 2020 | ||
| 2 | Lead | Feb 2020 | ||
| 1 | Lead | Nov 2018 | ||
| 1 | Lead | Apr 2022 | ||
| 1 | Participant | Nov 2018 | ||
| 1 | Participant | Nov 2018 | ||
| 1 | Participant | Apr 2022 | ||
| 1 | Participant | Feb 2020 | ||
This data is available for Pro users. Sign up to see all 11 IntelyCare 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 TrialAcquisitions by IntelyCare
IntelyCare has acquired 1 company to date.
Last acquisition by IntelyCare was on January 8th 2026. IntelyCare acquired CareRev for undisclosed valuation.
Latest Acquisitions by IntelyCare
| Description | CareRev is a Los Angeles-headquartered online marketplace connecting hospitals and outpatient facilities with per diem healthcare professionals across the United States. The platform enables direct booking of nurses, therapists, and technicians for shifts, bypassing agencies to reduce costs and fill rates. Operating in over 20 states, it maintains nurse-to-patient ratios and enhances staffing flexibility for facilities nationwide. |
| HQ Country | |
| HQ City | Los Angeles, CA |
| Deal Date | 8 Jan 2026 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all IntelyCare acquisitions and their M&A valuation multiples. Start Free Trial | |
IntelyCare Competitors
IntelyCare competitors include listed companies like U.S. Physical Therapy and SMS, and private ones like NexHealth, Helian Health, United Imaging Intelligence and Collective Health.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1B | - | ||
| Publicly listed | $781M | $110M | $1.2B | 2.3x | ||
| Private | - | - | $900M | - | ||
| Private | - | - | $1.4B | - | ||
| Publicly listed | $416M | ($63M) | $1.4B | 3.2x | ||
| Private | - | - | $1.5B | - |
IntelyCare Public Comps
IntelyCare is still privately-owned, but its public comps include PHC Holdings, FESCO Group, Zensar Technologies, Vitec Software, iFLYHealth, BLS International, McMillan Shakespeare, U.S. Physical Therapy, TKC and HealthStream.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $2.3B | $320M | 1.0x | 1.0x | 7.2x | 6.5x | |||
| $6.7B | $296M | 0.0x | 0.0x | 0.5x | 0.7x | |||
| $593M | $105M | 1.3x | 1.3x | 7.5x | 8.1x | |||
| $371M | $151M | 3.7x | 3.5x | 9.1x | 9.0x | |||
| $136M | ($7M) | 7.7x | 6.2x | (150.8x) | (144172.5x) | |||
| $313M | $89M | 2.9x | 2.6x | 10.0x | 9.4x | |||
| $336M | $179M | 4.5x | 3.5x | 8.4x | 11.4x | |||
| $781M | $110M | 2.5x | 2.3x | 17.5x | 18.9x | |||
This data is available for Pro users. Sign up to see all IntelyCare competitors and their valuation data. Start Free Trial | ||||||||
Common questions about IntelyCare
| When was IntelyCare founded? | IntelyCare was founded in 2014. |
| Where is IntelyCare headquartered? | IntelyCare is headquartered in Boston, MA, United States. |
| Is IntelyCare publicly listed? | No, IntelyCare is a private, VC-backed company. |
| What is IntelyCare's valuation? | IntelyCare was last valued at $1.1B in its Series C in April 2022. |
| How much funding has IntelyCare raised? | IntelyCare has raised $171M across 3 funding rounds. |
| What was IntelyCare's last funding round? | IntelyCare's last funding round was a $115M Series C in April 2022, led by Janus Henderson. |
| Who are IntelyCare's investors? | IntelyCare's investors include Revelation Partners, Kaiser Permanente Ventures, Endeavour Vision, Leerink Revelation Partners, Janus Henderson, Longmeadow Capital Partners, LRVHealth, Leeds Illuminate, Generator Ventures, Eastward Capital Partners and 1 other. |
| Which companies are comparable to IntelyCare? | Companies comparable to IntelyCare include NexHealth, U.S. Physical Therapy, Helian Health, United Imaging Intelligence, SMS and Collective Health. |
| How many companies has IntelyCare acquired? | IntelyCare has acquired 1 company, including CareRev. |
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