Incredible Health’s $80M Round HiBob Makes $150M; others include Bacon, IsoTalent, ImIn, GrowthSpace
August 17, 2022
Funding announcements include an $80 million round from nurse procurement platform Incredible Health and an $150 million round from HR information systems provider HiBob. Other companies announcing rounds are talent platform Bacon, recruitment and employer referral firm IsoTalent, scheduling app ImIn and training platform GrowthSpace.
Incredible Health announced an $80 million Series B funding round valuing the company at $1.65 billion. Incredible Health, based in San Francisco, provides a software platform that searches nurses on a permanent placement basis for hospitals. The company said it was reducing the time frame for hiring permanent nurses to 14 days.
“This new funding follows several significant milestones for Incredible Health over the past 18 months,” CEO and co-founder Iman Abuzeid, MD, wrote in a blog post. “In 2021, revenues increased by 500% thanks to the exponential growth of our market.”
Abuzeid also noted that more than 10,000 US nurses join Incredible Health’s platform every week and it now partners with 600 hospitals.
The funding round was led by Base10 Partners, according to Incredible Health. Existing investors also returned, including Andreessen Horowitz and Obvious Ventures. New investors include Workday co-CEO Chano Fernandez, NBA player Andre Iguodala, Rethink Impact and Stardust Equity. The D’Amelio family – which includes TikTok personalities Charli and Dixie D’Amelio – also joined the round through their 444 Capital Fund. Kaiser Permanente and Johns Hopkins also participated.
Human resources information systems provider HiBob announced a $150 million Series D funding round led by growth capital firm General Atlantic. Bessemer Venture Partners was also there. The round brings Tel Aviv, Israel-based HiBob’s total funding to $424 million and a valuation of $2.45 billion.
It follows a $150 million Series C round last October.
“Business leaders at midsize companies understand the critical role a flexible HR technology platform can play in managing their teams,” said Anton Levy, Co-President, Managing Director and Global Head of Technology Investments at GeneralAtlantic.
HiBob said it made 370 new hires since the fourth quarter; expanded its New York and London offices; opened an office in Berlin, German; and reported users in 166 countries.
Bacon, a Provo, Utah-based online talent platform, announced an $8 million Series A-1 funding round on Aug. 4. Bacon’s app connects independent contractors with customers. It focuses on job opportunities in warehousing, construction, deliveries, catering and other fields.
Plans are for the funding to be used to hire team members and expand to 40 more markets over the next 18 to 24 months.
New investors in the round include Grayhawk Capital, 2.0 Ventures and Elevate Capital. They joined follow-on investors Hall Venture Partners and Assure Syndicates.
Bacon said he provided more than 240,000 shift work opportunities to more than 165,000 workers and 650 companies.
IsoTalent, a Lehi, Utah-based recruitment and employer referral firm, announced a $5 million seed funding round. The round was co-led by Ad Ventures and Crocker Ventures. They were joined by venture capital firm Sweater.
IsoTalent provides on-demand teams of recruiters that companies can call upon, global employer of record services, and a free applicant tracking system. The company said it has served more than 200 businesses to date and aims to add more than 100 new customers this year.
“IsoTalent’s unique hourly rate model levels the playing field when it comes to hiring, saving companies up to 70% from traditional recruiting services by more efficiently connecting job seekers, recruiters and hiring managers,” according to an article by Sweater.
ImIn Inc. announced $1 million in seed funding on August 3. ImIn provides an online scheduling application that allows direct hire employees to set their own schedules. It also allows employers to offer hours to a pool of on-demand staff.
The Atlanta-based company’s app has been in beta since June 2021.
“The world and the way we do things are changing rapidly and ImIn is helping organizations keep up by reinventing the way we work,” said ImIn Founder and CEO Lauren Wilson. “With our app, employees are now in control of their lives and careers and can choose when and how they want to work without affecting their employer’s bottom line.”
Collab Capital, a seed investment fund focused on startups led by Black founders, led the seed funding round.
GrowthSpace Inc., a platform that connects companies with subject matter experts to deliver training, announced a $25 million Series B funding round. It was led by Zeev Ventures. Existing investors M12 (Microsoft’s venture capital fund) and Vertex Ventures also participated in the round. Growthspace’s funding raised now stands at $44 million.
GrowthSpace’s platform can be used for individual and group coaching, mentoring, training, workshops and conferences.
The company is based in New York.