Total amount raised
$60 Millions
Latest funding date
04/01/2022
Location
Vivian Health has successfully raised funds through multiple rounds, with the last funding round being a Private Equity round closed on April 26, 2022. The company has been backed by investors including Collaborative Fund and Thoma Bravo.
Keep reading to explore the intricacies of Vivian Health's fundraising journey and the investors backing this innovative platform.
What Is Vivian Health?
Vivian Health, founded in 2017, is a prominent player in the healthcare and human resources industry. Headquartered in San Francisco, California, the company specializes in connecting healthcare professionals with job opportunities, particularly in nursing and residential care.
Founded by Parth Bhakta, Vivian Health employs between 101 and 250 people. The platform is designed to make job searches faster and easier for healthcare professionals, offering a range of employment types including staff, travel, local contract, and per diem opportunities.
How Much Funding Has Vivian Health Raised?
- Private Equity Round
- Amount Raised: $60M
- Date: April 2022
- Lead Investors: Thoma Bravo
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth, expand reach in the healthcare industry, and support future mergers and acquisitions.
Total Amount Raised: $60M. Current Valuation: Not publicly disclosed.
Key Investors
The major investors in Vivian Health are as follows:
- Thoma Bravo
- Details: Thoma Bravo is a leading private equity firm with a focus on investing in software and technology-enabled services. The firm has a history of partnering with management teams to implement operational best practices and drive growth.
- Investment Focus Areas: Software, technology-enabled services, healthcare.
- Notable Investments: SolarWinds, McAfee, Barracuda Networks.
- Collaborative Fund
- Details: Collaborative Fund is a venture capital firm that invests in companies pushing the world forward. The firm focuses on supporting innovative and sustainable businesses.
- Investment Focus Areas: Technology, healthcare, sustainability.
- Notable Investments: Lyft, Kickstarter, Beyond Meat.
What's Next for Vivian Health?
Vivian Health stands at the cusp of significant growth, fueled by a recent $60 million funding round. This capital injection is set to accelerate their expansion in the healthcare industry, with plans to support future mergers and acquisitions. The company’s user base of over 700,000 registered clinicians highlights the vast opportunity ahead.
Future fundraising efforts are likely as Vivian Health aims to scale operations and integrate new acquisitions. However, challenges such as managing a growing user base and competing with other healthcare job marketplaces could pose hurdles. The industry’s shift towards cloud-based solutions and support for underrepresented founders also presents both opportunities and challenges for the company.
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