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

Trusted Overview

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

United StatesSan Francisco, CA

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

Trusted funding rounds
DateStageInvestorsRaisedDeal Summary
Nov 2021Series CGreenspring Associates (lead); FJ Labs; Manhattan Venture Partners (MVP); Blue Gentian Capital$94MTrusted, 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 2020Series BCraft Ventures (lead); Felicis (lead); FJ Labs$55MTrusted 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 2019Series ACraft Ventures (lead); TitletownTech; FJ Labs; Felicis; Founder Collective; Abstract; Healthbox; Juney Ham$20MTrusted 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 2018SeedFelicis (lead); Wavemaker 360; 1984 Ventures; Texas Medical Center; Abstract$4M-
Aug 2017SeedFounder Collective (lead); CSC Upshot; Juney Ham$2M-
May 2015Pre-seedTechstars (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

Investors in Trusted by funding rounds participated
InvestorHQRoundsRoleFirst check
FJ LabsUnited StatesNew York City, NY3ParticipantMay 2019
FelicisUnited StatesSan Francisco, CA3LeadAug 2018
Founder CollectiveUnited StatesUnited States2LeadAug 2017
AbstractUnited StatesSan Francisco, CA2ParticipantAug 2018
Juney HamUnited StatesUnited States2ParticipantAug 2017
Craft VenturesUnited StatesSan Francisco, CA2LeadMay 2019
Wavemaker 360United StatesLos Angeles, CA1ParticipantAug 2018
CSC UpshotUnited StatesSan Francisco, CA1ParticipantAug 2017
Greenspring AssociatesUnited StatesBaltimore, MD1LeadNov 2021
TitletownTechUnited StatesGreen Bay, WI1ParticipantMay 2019
1984 VenturesUnited StatesUnited States1ParticipantAug 2018
Texas Medical CenterUnited StatesHouston, TX1ParticipantAug 2018
Manhattan Venture Partners (MVP)United StatesNew York City, NY1ParticipantNov 2021

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions 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

Shiftos
Description
Shiftos is a healthcare software company providing AI-driven scheduling and staffing optimization tools for clinical and operational workforces.
HQ CountryUnited States
HQ City
San Francisco, CA
Deal Date18 Aug 2026
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Trusted Competitors

Trusted competitors include listed companies like Recruit Holdings, BOSS Zhipin, Seek and Visional, and private ones like Andela and Clipboard Health.

Public and private companies comparable to Trusted
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
AndelaNigeriaLagosPrivate$50M-$1.5B-
Clipboard HealthUnited StatesSan Francisco, CAPrivate--$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 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
Pinduoduo$64B$14B0.7x0.7x3.1x2.8x
MercadoLibre$29B$3.7B3.5x2.6x27.2x25.1x
Prosus$9.7B$1.1B9.1x8.0x83.8x123.7x
DoorDash$14B$1.5B6.0x4.9x55.8x23.7x

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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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