ShiftMed Funding, Investors & Competitors

ShiftMed has raised $315M across 7 funding rounds, most recently a $4M seed round in July 2025.

Last ShiftMed funding round

$4M

Seed · Jul 2025

Cumulative funding ShiftMed raised

$315M

across 7 funding rounds

Key investors in ShiftMed

  • BIP Ventures
  • Blue Heron Capital
  • 3TS Capital Partners
  • Motley Fool Ventures
  • Healthworx
  • Q Holdings Inc
  • Audacious Capital

ShiftMed Overview

About ShiftMed

ShiftMed is a mobile marketplace for nursing professionals, connecting over 350,000 credentialed W-2 workers with acute care, post-acute, and home health providers. Its workforce management software optimizes staffing dynamically via cloud tools, cutting reliance on travel agencies and lowering costs. Chicago-headquartered since 2016, ShiftMed supports U.S. health systems in 40 states with retention-focused features.


Founded

2019

HQ

United StatesWashington, DC

Status

Privately held

Customer focus

B2B

Revenue model

Commission

ShiftMed Funding History

ShiftMed has raised a total of $315M across 7 funding rounds.

ShiftMed's first fundraising round was a $2M seed round in July 2015. The most recent completed round was a $4M seed round in July 2025.

ShiftMed funding rounds

ShiftMed funding rounds
DateStageInvestorsRaisedDeal Summary
Jul 2025Seed-$4MShiftMed is a healthcare workforce optimization technology platform that connects credentialed nursing professionals with healthcare providers for flexible staffing needs. It uses AI-powered software for shift fulfillment, scheduling, and workforce management to reduce costs and improve efficiency for hospitals and health systems. ShiftMed has demonstrated strong growth, earning the #1,219 spot on the 2025 Inc. 5000 list of America's fastest-growing private companies, based on performance from 2020-2023. The company launched an AI-Powered Workforce Suite on July 15, 2025, to drive cost savings and operational efficiency. It serves leading health systems, managing labor as their largest operating expense, and helps reclaim over $200 per open shift. Previous funding includes a Series D round of $45 million led by BIP Ventures and Healthworx (CareFirst Holdings), with participation from Blue Heron Capital, Motley Fool Ventures, and 3TS Capital Partners. In February 2023, ShiftMed raised $200 million led by Panoramic Ventures, with Blue Heron Capital and Audacious Capital participating, to address nurse shortages and expand its platform serving over 1,500 enterprise healthcare partners.
May 2024Undisclosed stage-$47MShiftMed operates a mobile app-based W-2 healthcare workforce management marketplace connecting credentialed nurses and aides with healthcare providers including health systems, post-acute, and in-home care facilities across 110 U.S. markets. It provides automated scheduling and workforce optimization tools to reduce reliance on costly travel nursing by 30-40%, improve retention, and lower labor costs using a pool of over 350,000 workers and partnerships with more than 1,500 enterprise clients. The company reported 8x growth over the prior 24 months at the time of its $200M Series B round on February 6, 2023, led by Panoramic Ventures with participation from Blue Heron Capital and Audacious Capital, bringing total funding to $245M. ShiftMed continued strong growth post-2023 funding, ranking #164 on the 2024 Deloitte Technology Fast 500 with 719% revenue growth over three years ending around 2024. The platform integrates with existing HR systems for shift fulfillment, targeting a multi-billion-dollar market opportunity in healthcare staffing amid ongoing labor shortages. Competitively, ShiftMed differentiates from traditional travel nursing agencies by focusing on local, compliant W-2 staff and tech-driven predictability, addressing post-pandemic burnout and scheduling issues. As of late 2024, it employs around 400 in-office staff and emphasizes expansion into all healthcare segments.
Feb 2023Undisclosed stageBIP Ventures (lead); Q Holdings Inc; Blue Heron Capital; Audacious Capital$200MShiftMed operates a W-2 healthcare workforce management marketplace connecting credentialed nurses and aides with healthcare facilities for on-demand shifts via a mobile app, emphasizing local staffing to reduce reliance on travel nurses. The platform offers nurses flexible scheduling, instant pay, transportation perks, and benefits, while providing facilities with faster staffing, retention tools, and cost control. By February 2023, it had expanded to 110 markets, 1,500 enterprise partners including hospitals and nursing facilities, and over 350,000 credentialed professionals, up from 56 markets and 700 partners in 2021. On February 6, 2023, ShiftMed raised $200 million in a Series B round led by Panoramic Ventures, with participation from Blue Heron Capital and Audacious Capital. This followed a $45 million Series D in late 2021 led by BIP Ventures and Healthworx (CareFirst Holdings), with Blue Heron Capital also participating. Funds aimed at national expansion across healthcare segments amid nursing shortages projected at over 200,000 annual U.S. openings through 2031. ShiftMed reported 8x revenue growth over the two years prior to the 2023 round and 400% growth in 15 months ending 2021, with earlier traction including 10,000 nurses hired, over 1 million care hours, and 200,000 patients served in Q3 2021. The company continued raising capital post-2023, including BIP Ventures' $7 million in a Series E-2 round on April 18, 2024.
Oct 2021Series DBIP Ventures (lead); Blue Heron Capital; 3TS Capital Partners; Healthworx; Motley Fool Ventures$45MShiftMed operates a digital healthcare workforce management platform connecting over 60,000 credentialed nurses and healthcare professionals with healthcare providers for on-demand staffing. BIP Ventures led the company's Series D funding round of $45 million on October 27, 2021, with participation from Healthworx (CareFirst Holdings), Blue Heron Capital, Motley Fool Ventures, and 3TS Capital Partners. The funding aimed to support continued growth, national rollout into 56 markets, and development of its product suite. The platform streamlines care services delivery, enabling faster staffing fulfillment for hospitals, skilled nursing facilities, home health, and assisted living providers. By Q3 2021, ShiftMed facilitated care for over 200,000 patients through relationships with more than 700 enterprise healthcare providers. In 2021, it hired over 10,000 nurses who provided more than 1 million hours of care, and its mobile app ranks as the top for professionals seeking flexible nursing jobs. Subsequent funding included a $200 million Series B in February 2023 led by Panoramic Ventures, with Blue Heron Capital and Audacious Capital, where ShiftMed reported 8x revenue growth over the prior two years, 1,500 enterprise partners, 110 markets, and over 350,000 credentialed professionals, but no specific figures provided.
Aug 2019Series A-$6MShiftMed completed a Series B funding round on August 2, 2019, raising $2.00M. An additional Series A round occurred on the same date, raising $3.19M. The company operates as a W-2 healthcare workforce management marketplace connecting credentialed professionals with healthcare providers.
Jan 2018Series A-$11M-
Jul 2015Seed-$2M-

Who has invested in ShiftMed?

7 investors have backed ShiftMed across its funding rounds, including BIP Ventures, Blue Heron Capital, 3TS Capital Partners, Motley Fool Ventures, Healthworx and Q Holdings Inc.

Lead investors include BIP Ventures.


ShiftMed Investors

Investors in ShiftMed by funding rounds participated
InvestorHQRoundsRoleFirst check
Blue Heron CapitalUnited StatesRichmond, VA2ParticipantOct 2021
BIP VenturesUnited StatesAtlanta, GA2LeadOct 2021
Q Holdings IncUnited StatesNew York City, NY1ParticipantFeb 2023
Audacious CapitalUnited StatesBaltimore, MD1ParticipantFeb 2023
3TS Capital PartnersFinlandFinland1ParticipantOct 2021

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions by ShiftMed

ShiftMed has acquired 1 company to date.

Last acquisition by ShiftMed was on April 22nd 2024. ShiftMed acquired CareerStaff Unlimited for undisclosed valuation.


Latest Acquisitions by ShiftMed

CareerStaff Unlimited
Description
CareerStaff Unlimited is a healthcare staffing agency supplying nurses, therapists, pharmacists, and allied health professionals to facilities nationwide. The company operates over 100 offices across 30 states, providing travel assignments, local contracts, and per diem shifts with 24/7 support. CareerStaff Unlimited holds Joint Commission certification and serves hospitals, long-term care centers, and rehabilitation facilities. Headquartered in Dayton, Ohio, since 1986, it manages a clinician network exceeding 20,000 professionals.
HQ CountryUnited States
HQ City
Dallas, TX
Deal Date22 Apr 2024
Valuationundisclosed
EV/Revenue
EV/EBITDA

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ShiftMed Competitors

ShiftMed competitors include listed companies like Recruit Holdings, BOSS Zhipin, Seek and Visional, and private ones like RigUp and Job&Talent.

Public and private companies comparable to ShiftMed
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Recruit HoldingsJapanJapanPublicly listed$24B$4B$156B6.0x
BOSS ZhipinChinaChinaPublicly listed$1.2B$493M$6.6B2.6x
SeekAustraliaAustraliaPublicly listed$914M($63M)$3.1B4.5x
VisionalJapanJapanPublicly listed$515M$157M$2.2B2.6x
RigUpUnited StatesAustin, TXPrivate--$2.9B-
Job&TalentSpainMadridPrivate$2.1B$70M$1.5B0.7x

ShiftMed Public Comps

ShiftMed is still privately-owned, but its public comps include Amazon, Alibaba Group, Recruit Holdings, Uber, Booking Holdings, Pinduoduo, Airbnb, MercadoLibre, Prosus and DoorDash.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Amazon$717B$161B3.9x3.5x17.5x13.8x
Alibaba Group$153B$15B1.7x1.6x17.5x13.0x
Recruit Holdings$24B$4B6.4x6.0x37.9x25.2x
Uber$52B$6.2B3.0x2.8x24.9x14.6x
Booking Holdings$27B$8.3B4.9x4.6x15.9x12.4x
Pinduoduo$64B$14B0.7x0.7x3.1x2.8x
Airbnb$12B$2.4B7.2x6.5x36.3x18.2x
MercadoLibre$29B$3.7B3.5x2.6x27.2x25.1x

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Common questions about ShiftMed

When was ShiftMed founded?ShiftMed was founded in 2019.
Where is ShiftMed headquartered?ShiftMed is headquartered in Washington, DC, United States.
Is ShiftMed publicly listed?No, ShiftMed is a private, VC-backed company.
How much funding has ShiftMed raised?ShiftMed has raised $315M across 7 funding rounds.
What was ShiftMed's last funding round?ShiftMed's last funding round was a $4M seed round in July 2025.
Who are ShiftMed's investors?ShiftMed's investors include Blue Heron Capital, BIP Ventures, Q Holdings Inc, Audacious Capital, 3TS Capital Partners, Healthworx and Motley Fool Ventures.
Which companies are comparable to ShiftMed?Companies comparable to ShiftMed include Recruit Holdings, BOSS Zhipin, Seek, Visional, RigUp and Job&Talent.
How many companies has ShiftMed acquired?ShiftMed has acquired 1 company, including CareerStaff Unlimited.

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