IntelyCare, a gig platform for nurses in long-term care, snagged $115 million in funding, valuing the firm at $1.1 billion.

Janus Henderson Investors led the funding round with other participants including Longitude Capital, Leeds Illuminate, Endeavour Vision, Revelation Partners, and Kaiser Permanente Ventures.

The funding brings the firm’s total raised to date to $170.5 million.

IntelyCare provides per-diem staffing to nursing homes and other long-term care facilities, which saw massive staffing losses during the pandemic. 

IntelyCare says it keeps nurses in the profession by offering a more flexible alternative to full-time, contract employment, while also providing healthcare and other benefits. 

For health-care facilities, it offers contingent staffing to ensure a consistent level of service and to help them avoid dropping below federal staffing level standards.

Since IntelyCare’s $45 million 2020 funding round, the firm says its annual revenue has grown by 850%. The number of nurses on its platform doubled in 2021 while client demand nearly tripled year on year, IntelyCare says.

The company says 30,000 nurses and 1,600 facilities use its platform across the country.

“Nursing wages have predictably increased during the pandemic due to unprecedented demand and labor shortages driven by increasingly challenging working conditions,” IntelyCare president and COO John Shagoury wrote in the funding announcement. “Despite this, IntelyCare has been able to effectively meet the needs of both our nurses and clients because of our technology. By coupling data and behavioral science with advanced machine learning, our platform produces optimal pay rates and shift matching, attracting more nurses and filling more shifts for our clients.”

 

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