Trusted Health, a San Francisco, CA-based career platform for modern nurses to work, connect and grow, closed a $20m Series A funding.
The round was led by Craft Ventures with participation from previous investors Felicis Ventures and Founder Collective. In conjunction with the funding, Jeff Fluhr, general partner at Craft Ventures and co-founder of StubHub, will also be joining the board.
The company intends to use the funds to:
– enhance the tools and resources used by nurses,
– increase the types and quantities of opportunities available, and
– expand its employment operations into all 50 states and the District of Columbia.
Founded in 2017 by Sarah Gray, R.N., Trusted Health combines a digital employment platform, personalized support and a hiring structure that eliminates the issues and controversy of 1099 contracting, by offering W2 employment, as well as perks similar to those available in the high-tech industry.
With the solution, nurses have a single, go-to resource where they can grow professionally, explore new opportunities and find answers to their questions.
Through its marketplace, the company operates as a fully automated online employment agency, simplifying job searches by providing candidates visibility into the latest openings. The platform also streamlines the application process by digitizing, saving and managing resumes, credentials, certifications and other key employee information. An advanced, automated matching system alerts nurses in real-time of new opportunities that correspond with their credentials, experience and preferences, and provides all job and compensation details upfront so candidates can make informed decisions.
Once a job is accepted, the company becomes the nurse’s employer, integrating everything from signing their contract and enrolling in benefits to timekeeping in the platform and app. Trusted Health provides nurses W2 employment, including overtime, paid sick leave, insurance and other protections not available to 1099 contractors.
Starting with initial operations in California last year, the company employed nurses in 20 states nationwide at the end of the first quarter 2019.