Total amount raised
$240 Million
Latest funding date
06/01/2024
Location
Nomad Health has successfully raised funds over 11 rounds, with the latest being a Venture - Series Unknown round. The platform connects clinicians to healthcare jobs, offering personalized job matches and industry-leading pay.
Keep reading to explore the intricacies of Nomad Health's fundraising journey and the investors backing this innovative platform.
What Is Nomad Health?
Nomad Health is an online staffing marketplace that connects clinicians to healthcare jobs. The company operates in the healthcare, human resources, marketplace, and recruiting industries. It is based in New York, New York, United States, and has a substantial employee base of 501-1000 employees.
Nomad Health focuses on providing travel nurses and allied health professionals with high-paying job opportunities across the United States. The platform offers personalized job matches, industry-leading pay, and comprehensive support for clinicians throughout their travel assignments.
How Much Funding Has Nomad Health Raised?
- Series A
- Amount Raised: USD 4,000,000
- Date: July 2016
- Lead Investors: First Round Capital, RRE Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the platform and begin connecting clinicians with healthcare jobs.
- Series B
- Amount Raised: USD 12,000,000
- Date: February 2018
- Lead Investors: Polaris Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the business and enhance the technology platform.
- Series C
- Amount Raised: USD 34,000,000
- Date: August 2019
- Lead Investors: Icon Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and improve service offerings.
- Series D
- Amount Raised: USD 63,000,000
- Date: September 2021
- Lead Investors: Adams Street Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support rapid growth and further develop the platform.
- Series E
- Amount Raised: USD 22,000,000
- Date: June 2024
- Lead Investors: HealthQuest Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the product portfolio and meet growing demand.
- Series Unknown
- Amount Raised: USD 33,802,679
- Date: December 2025
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue scaling operations and enhance technological capabilities.
Total Amount Raised: USD 168,802,679
Current Valuation: Not publicly disclosed
Key Investors
- Adams Street Partners
- Details: Adams Street Partners is a global private markets investment manager. They provide investment management services to institutional investors.
- Investment Focus Areas: Private equity, venture capital, private credit.
- Notable Investments: Not publicly disclosed.
- HealthQuest Capital
- Details: HealthQuest Capital is a growth capital firm based in the San Francisco Bay Area. They focus on investing in commercial-stage companies that optimize value in healthcare.
- Investment Focus Areas: Medical technologies, diagnostics, digital health, innovative services.
- Notable Investments: Not publicly disclosed.
- Icon Ventures
- Details: Icon Ventures is a venture capital firm that invests in early to growth-stage technology companies. They are known for their strategic investments in innovative tech startups.
- Investment Focus Areas: Technology, healthcare, digital media.
- Notable Investments: Not publicly disclosed.
- Polaris Partners
- Details: Polaris Partners is a venture capital firm that invests in technology and healthcare companies. They have a long history of supporting innovative startups.
- Investment Focus Areas: Technology, healthcare, life sciences.
- Notable Investments: Not publicly disclosed.
- RRE Ventures
- Details: RRE Ventures is a venture capital firm that invests in early-stage companies across various sectors. They focus on supporting disruptive technologies and innovative business models.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: Not publicly disclosed.
What's Next for Nomad Health?
Nomad Health stands at the cusp of significant growth opportunities, driven by the increasing demand for healthcare staffing solutions. With a recent $22 million funding round, the company is poised to expand its product portfolio and enhance its technology, aiming to place clinicians more efficiently where they are needed most. The healthcare staffing market is vast and growing, offering substantial potential for Nomad Health to capture a larger market share.
Future fundraising opportunities appear promising as the company continues to innovate and meet the rising demand for its services. The involvement of multiple investors and the strategic appointment of a new CEO suggest that Nomad Health is well-positioned for further growth, which may include additional funding rounds. However, the company will need to navigate challenges such as competition from other well-funded platforms and maintaining high standards of service and efficiency as it scales.
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