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- ShiftKey
ShiftKey Valuation, Funding & Investors
ShiftKey is valued at $2B as of January 2023.
Last ShiftKey valuation
$2B
Undisclosed stage · Jan 2023
Last ShiftKey funding round
$300M
Undisclosed stage · Jan 2023
Cumulative funding ShiftKey raised
$300M
across 1 funding round
Key investors in ShiftKey
Ares Management
Clearlake Capital
Health Velocity Capital
Pantheon Ventures
Lorient Capital
About ShiftKey
ShiftKey is a healthcare scheduling marketplace linking licensed professionals such as nurses and therapists with facilities facing staffing shortages. The platform advertises per diem shifts to a network of credentialed providers, ensuring full compliance, internal scheduling, and agency-free operations. Miami-headquartered since 2015, ShiftKey serves hospitals and clinics across 35 U.S. states with mobile booking and verification tools.
Founded
2016
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Commission, Subscription
Valuation
$2B (Jan 2023)
ShiftKey Valuation
ShiftKey is currently valued at $2B, based on its undisclosed-stage round in January 2023.
The $300M round was led by Lorient Capital, with participation from Health Velocity Capital, Pantheon Ventures, Clearlake Capital and Ares Management.
ShiftKey valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jan 2023 | Undisclosed stage | $2B |
ShiftKey Funding History
ShiftKey has raised a total of $300M across 1 funding round.
ShiftKey funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jan 2023 | Undisclosed stage | Lorient Capital (lead); Health Velocity Capital; Pantheon Ventures; Clearlake Capital; Ares Management | $300M | $2B | ShiftKey is a Dallas-based technology platform that connects licensed healthcare professionals directly with facilities needing shift workers, addressing labor shortages by enabling flexible scheduling across over 10,000 healthcare organizations nationwide and serving hundreds of thousands of professionals including nurses, medical assistants, and scribes. The company announced a $300 million funding round in January 2023, sponsored by majority investor Lorient Capital as lead, valuing ShiftKey in excess of $2 billion. This continuation vehicle was led by Ares Management Secondaries funds and Pantheon Ventures, with additional participation from Clearlake Capital and Health Velocity Capital. Goldman Sachs and Aviditi Advisors served as placement agents, with McDermott Will & Emery and Gibson Dunn as legal advisors. The round realigns ShiftKey's investor base to support its long-term strategy of becoming the preeminent technology platform for licensed work, as stated by Lorient Capital managing partner David Berman. CEO Tom Ellis confirmed the $300 million raise to Axios. ShiftKey's proprietary software empowers professionals to choose when, where, and how they work, positioning it as a key player in transforming healthcare staffing amid ongoing workforce challenges. Lorient Capital focuses on growth-stage healthcare services and tech firms that are cash flow positive and at inflection points. The funding supports national expansion and platform enhancements in a competitive healthcare staffing market strained by labor shortages. |
Who has invested in ShiftKey?
5 investors have backed ShiftKey across its funding rounds, including Ares Management, Clearlake Capital, Health Velocity Capital, Pantheon Ventures and Lorient Capital.
Lead investors include Lorient Capital.
ShiftKey Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Jan 2023 | ||
| 1 | Participant | Jan 2023 | ||
| 1 | Participant | Jan 2023 | ||
This data is available for Pro users. Sign up to see all 5 ShiftKey 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 TrialShiftKey Competitors
ShiftKey competitors include listed companies like Schrödinger and Privia Health, and private ones like Incredible Health, Collective Health, IntelyCare and eMed.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1.6B | - | ||
| Private | - | - | $1.5B | - | ||
| Private | - | - | $1.1B | - | ||
| Private | - | - | $2B | - | ||
| Publicly listed | $256M | ($96M) | $2.3B | 7.9x | ||
| Publicly listed | $2.1B | $44M | $2.6B | 0.9x |
ShiftKey Public Comps
ShiftKey is still privately-owned, but its public comps include Insperity, Qingdao Baheal Medical, Schrödinger, Meitec Group Holdings, Tieto, Omnicell, Indegene, Privia Health, Hays and EverCommerce.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $6.8B | $35M | 0.3x | 0.3x | 50.5x | 9.8x | |||
| $1.1B | $139M | 1.9x | 1.9x | 15.1x | 16.8x | |||
| $256M | ($96M) | 7.6x | 7.9x | (20.3x) | (14.0x) | |||
| $885M | $134M | 1.6x | 1.6x | 10.8x | 10.9x | |||
| $2.1B | $186M | 1.3x | 1.4x | 15.2x | 7.9x | |||
| $1.2B | $92M | 1.2x | 1.1x | 15.0x | 8.1x | |||
| $366M | $68M | 3.7x | 3.3x | 19.9x | 18.2x | |||
| $2.1B | $44M | 1.0x | 0.9x | 50.2x | 15.3x | |||
This data is available for Pro users. Sign up to see all ShiftKey competitors and their valuation data. Start Free Trial | ||||||||
Common questions about ShiftKey
| When was ShiftKey founded? | ShiftKey was founded in 2016. |
| Where is ShiftKey headquartered? | ShiftKey is headquartered in Dallas, TX, United States. |
| Is ShiftKey publicly listed? | No, ShiftKey is a private, VC-backed company. |
| What is ShiftKey's valuation? | ShiftKey was last valued at $2B in its undisclosed-stage round in January 2023. |
| How much funding has ShiftKey raised? | ShiftKey has raised $300M across 1 funding round. |
| What was ShiftKey's last funding round? | ShiftKey's last funding round was a $300M undisclosed-stage round in January 2023, led by Lorient Capital. |
| Who are ShiftKey's investors? | ShiftKey's investors include Health Velocity Capital, Pantheon Ventures, Clearlake Capital, Ares Management and Lorient Capital. |
| Which companies are comparable to ShiftKey? | Companies comparable to ShiftKey include Incredible Health, Collective Health, IntelyCare, eMed, Schrödinger and Privia Health. |
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