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- Trusted
Trusted Funding, Investors & Competitors
Trusted has raised $175M across 6 funding rounds, most recently a $94M Series C in November 2021.
Last Trusted funding round
$94M
Series C · Nov 2021
Cumulative funding Trusted raised
$175M
across 6 funding rounds
Key investors in Trusted
FJ Labs
Felicis
Craft Ventures
Founder Collective
Abstract
Juney Ham
Techstars
CSC Upshot
About Trusted
Trusted is a San Francisco-headquartered staffing platform matching nurses and allied health professionals with hospitals via Trusted Works. Founded in 2017, it fills shifts amid labor shortages, providing compliance tracking and predictive demand forecasting. Backed by Craft Ventures and Felicis, the platform serves 500 facilities across 40 states, sourcing from 100,000 clinicians. Trusted integrates AI for matching and offers transparency on pay rates averaging $80 per hour.
Founded
2017
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Services
Trusted Funding History
Trusted has raised a total of $175M across 6 funding rounds.
Trusted's first fundraising round was a $300K pre-seed round in May 2015. The most recent completed round was a $94M Series C in November 2021.
Trusted funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Nov 2021 | Series C | Greenspring Associates (lead); FJ Labs; Manhattan Venture Partners (MVP); Blue Gentian Capital | $94M | Trusted, Inc. is a labor marketplace for healthcare professionals, offering job-matching services particularly for nurses. In November 2021, it announced $149 million in new investment, including a $94 million Series C round led by Greenspring Associates (recently acquired by StepStone Group), plus a previously unannounced $55 million Series B from Craft Ventures and Felicis Ventures, bringing total funding to $175 million. Other investors in the round included Blue Gentian Capital, FJ Labs, and Manhattan Venture Partners. The Series C funding was aimed at launching the Works platform and doubling the company's headcount by the end of 2022. Greenspring Associates, a venture capital and growth equity firm focused on technology-driven companies with investments in Uber, Airbnb, and Snap, led the round. |
| Mar 2020 | Series B | Craft Ventures (lead); Felicis (lead); FJ Labs | $55M | Trusted raised a $55 million Series B funding round in March 2020, led by Craft Ventures and Felicis, with FJ Labs also participating as a key investor. This followed a $20 million Series A in May 2019 led by Craft Ventures and a $4 million seed round in August 2018 led by Felicis, bringing total funding to $174.8 million across these rounds. The Series B was aimed at supporting the development and rollout of the Works platform and other growth initiatives. Craft Ventures focuses on technology companies, software, marketplaces, and e-commerce, with notable investments in SpaceX, Reddit, and Bird. Felicis Ventures, an early-stage firm, targets technology, healthcare, software, and consumer products, backing companies like Shopify, Fitbit, and Plaid. |
| May 2019 | Series A | Craft Ventures (lead); TitletownTech; FJ Labs; Felicis; Founder Collective; Abstract; Healthbox; Juney Ham | $20M | Trusted is a nursing marketplace platform backed by 16 investors including FJ Labs and Greenspring Associates. The company raised $20 million in Series A funding in May 2019 led by Craft Ventures, with the motivation to accelerate growth and expand market reach. Craft Ventures, founded by David Sacks and other serial entrepreneurs, specializes in early-stage B2B software investments and had previously established the firm with a $350 million debut fund before raising a second $500 million fund in 2019. Trusted has raised capital across six rounds including Pre-Seed ($300,000 in May 2015), and subsequent funding rounds, with total raised exceeding $174.8 million across its fundraising history. |
| Aug 2018 | Seed | Felicis (lead); Wavemaker 360; 1984 Ventures; Texas Medical Center; Abstract | $4M | - |
| Aug 2017 | Seed | Founder Collective (lead); CSC Upshot; Juney Ham | $2M | - |
| May 2015 | Pre-seed | Techstars (lead) | $300K | - |
Who has invested in Trusted?
16 investors have backed Trusted across its funding rounds, including FJ Labs, Felicis, Craft Ventures, Founder Collective, Abstract and Juney Ham.
Lead investors include Greenspring Associates, Craft Ventures, Felicis, Founder Collective and Techstars.
Trusted Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Participant | May 2019 | ||
| 3 | Lead | Aug 2018 | ||
| 2 | Lead | Aug 2017 | ||
| 2 | Participant | Aug 2018 | ||
| 2 | Participant | Aug 2017 | ||
| 2 | Lead | May 2019 | ||
| 1 | Participant | Aug 2018 | ||
| 1 | Participant | Aug 2017 | ||
| 1 | Lead | Nov 2021 | ||
| 1 | Participant | May 2019 | ||
| 1 | Participant | Aug 2018 | ||
| 1 | Participant | Aug 2018 | ||
| 1 | Participant | Nov 2021 | ||
This data is available for Pro users. Sign up to see all 16 Trusted 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 Trusted
Trusted has acquired 1 company to date.
Last acquisition by Trusted was on August 18th 2026. Trusted acquired Shiftos for undisclosed valuation.
Latest Acquisitions by Trusted
| Description | Shiftos is a healthcare software company providing AI-driven scheduling and staffing optimization tools for clinical and operational workforces. |
| HQ Country | |
| HQ City | San Francisco, CA |
| Deal Date | 18 Aug 2026 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Trusted acquisitions and their M&A valuation multiples. Start Free Trial | |
Trusted Competitors
Trusted competitors include listed companies like Recruit Holdings, BOSS Zhipin, Seek and Visional, and private ones like Andela and Clipboard Health.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $24B | $4B | $156B | 6.0x | ||
| Publicly listed | $1.2B | $493M | $6.6B | 2.6x | ||
| Publicly listed | $914M | ($63M) | $3.1B | 4.5x | ||
| Publicly listed | $515M | $157M | $2.2B | 2.6x | ||
| Private | $50M | - | $1.5B | - | ||
| Private | - | - | $1.3B | - |
Trusted Public Comps
Trusted is still privately-owned, but its public comps include Amazon, Alibaba Group, Recruit Holdings, Uber, Pinduoduo, MercadoLibre, Prosus, DoorDash, Carvana and Sea.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $717B | $161B | 3.9x | 3.5x | 17.5x | 13.8x | |||
| $153B | $15B | 1.7x | 1.6x | 17.5x | 13.0x | |||
| $24B | $4B | 6.4x | 6.0x | 37.9x | 25.2x | |||
| $52B | $6.2B | 3.0x | 2.8x | 24.9x | 14.6x | |||
| $64B | $14B | 0.7x | 0.7x | 3.1x | 2.8x | |||
| $29B | $3.7B | 3.5x | 2.6x | 27.2x | 25.1x | |||
| $9.7B | $1.1B | 9.1x | 8.0x | 83.8x | 123.7x | |||
| $14B | $1.5B | 6.0x | 4.9x | 55.8x | 23.7x | |||
This data is available for Pro users. Sign up to see all Trusted competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Trusted
| When was Trusted founded? | Trusted was founded in 2017. |
| Where is Trusted headquartered? | Trusted is headquartered in San Francisco, CA, United States. |
| Is Trusted publicly listed? | No, Trusted is a private, VC-backed company. |
| How much funding has Trusted raised? | Trusted has raised $175M across 6 funding rounds. |
| What was Trusted's last funding round? | Trusted's last funding round was a $94M Series C in November 2021, led by Greenspring Associates. |
| Who are Trusted's investors? | Trusted's investors include FJ Labs, Felicis, Founder Collective, Abstract, Juney Ham, Craft Ventures, Wavemaker 360, CSC Upshot, Greenspring Associates, TitletownTech and 6 others. |
| Which companies are comparable to Trusted? | Companies comparable to Trusted include Recruit Holdings, BOSS Zhipin, Seek, Visional, Andela and Clipboard Health. |
| How many companies has Trusted acquired? | Trusted has acquired 1 company, including Shiftos. |
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