Nomad Health, a healthcare jobs marketplace, closed a $105 million funding round.
The company said the round will expand its marketplace beyond travel nurses to other health professionals including laboratory technicians, physical therapists and ultrasound technicians.
The investment comes as staffing shortages persist industrywide.
“In the past year, Nomad has experienced tremendous growth in a category we pioneered,” said Alexi Nazem, Nomad’s CEO and co-founder, in a statement. “The COVID-19 pandemic has exposed and accelerated the healthcare workforce crisis that has been a powerful undercurrent in healthcare for decades.”
Nomad said it has a user base of more than 250,000 healthcare workers across all 50 states, with each worker filing nearly two job applications. It also said its revenue has increased seven-fold since the beginning of 2021 and is now profitable.
Nomad’s latest funding round was co-led by Adams Street Partners and Icon Ventures. New equity investor HealthQuest Capital committed the largest sum and was joined by existing investors Polaris Partners, .406 Ventures, AlleyCorp, and RRE Ventures, and new debt providers J.P. Morgan and Trinity Capital.
The company has received more than $200 million since it was founded in 2015.