IntelyCare’s Series A fundraising was recently covered in Xconomy by Brian Dowling.
IntelyCare, a Massachusetts-based nurse-staffing platform for long-term care, assisted living, and rehabilitation facilities, has raised $10.8 million from venture investors, less than a week before voters weigh in on a new state mandate hospital for patient-to-nurse ratios.
San Francisco firm Leerink Revelation Partners led the Series A funding round and was joined by Longmeadow Capital, LRVHealth, and entrepreneur Bill Mantzoukas. Last year, Quincy, MA-based IntelyCare raised $3 million through debt financing and other securities, according to filings with regulators.
IntelyCare says its artificial intelligence technology automates scheduling and filling shifts at post-acute care facilities, such as rehabilitation facilities, skilled nursing facilities, and long-term care facilities. The facilities pay flat rates for IntelyCare’s staffing tool, which competitively prices the nurse wages based on how easy or hard it is to fill the shift.
To read the full article, visit xconomy.com.