Pegged Software, a Baltimore, MD-based provider of a platform that applies big data to hiring and team assembly, raised $7.5m in growth capital from an affiliate of SunBridge Capital Management, LLC.
The company Pegged will use the proceeds to further expand its team, expand more broadly into healthcare organizations, and invest in research and development for expansion into other people-intensive industries.
Led by Mike Rosenbaum, Founder and CEO, Pegged Software applies big data to employee hiring and team assembly for a list of job categories, including nurses, medical technicians and CNAs, admitting clerks, food and nutrition employees, and housekeepers.
Since 2012, Pegged has expanded across the country into 119 facilities, ranging from acute-care hospitals to long-term care facilities; and, annually processes over 3 million job applications.
Clients include Adventist Healthcare, Loma Linda University Medical Center, Lifebridge Health, and other world-renowned healthcare providers.
In conjunction with the raise, Charles A Ledsinger, Jr., Chairman of SunBridge Capital Management, LLC, Alfred Berkeley, former President of NASDAQ and former head of the technology practice at Alex, Brown; and David Joerg, Managing Director and key technologist at Two Sigma, will be joining Pegged’s Board of Directors.