Built In Boston reporter Gordon Gottsegen covers IntelyCare’s Series B fundraising round of $45 million – the largest venture round in nursing tech.
There simply aren’t enough nurses to meet the current level of demand in the U.S., and with an aging population of Baby Boomers, the problem is only going to get worse.
IntelyCare is looking to address this by applying aspects of the gig economy to nursing. The company has built an on-demand workforce management platform for nurses to pick their shifts and facilities to hire staffing as needed. The company says this adds “20 percent capacity to the available workforce” while lowering the cost to facilities.
The Quincy, Massachusetts-based startup is gaining attention from investors. The company announced on Thursday that it raised $45 million in a Series B funding round led by Endeavour Vision.
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