Dr. Iman Abuzeid’s pivot into business has been far worth the leap.
As previously reported by AfroTech, following her earning her medical degree, she co-founded Incredible Health — a platform that uses an algorithm to match hospitals to nurses — back in 2017. After two years, the San Francisco-based company raised $15 million in its Series A funding round.
Now, Abuzeid has returned with a big win for healthcare workers and patients.
Big Boss Moves
On Aug. 17, Incredible Health announced that it raised an $80 million Series B round — bringing its valuation to unicorn status at $1.65 billion — in a blog post. With the major announcement, Abuzeid stands as one of only a few Black women founders who leads a unicorn company, which is one valued at over $1 billion.
I’m thrilled to share that @JoinIncredible raised $80 million in Series B funding at $1.65B valuation, making us the leader in healthcare hiring. Funding will support our mission of helping healthcare workers live better lives and find their dream roles: https://t.co/Q88TcSqLFs
— Iman Abuzeid MD (@ImanAbuzeid) August 17, 2022
“As the highest valued tech-enabled career marketplace in healthcare, we’ve transformed how nurses are hired and will build on this work to help health systems and healthcare workers manage surging patient demand in the midst of a national labor crisis,” Abuzeid wrote in a blog post.
Investors In The Round
The round was led by Base 10 Partners as part of its Advancement Initiative — which donates 50 percent of the fund’s carried interest to Historically Black Colleges and Universities — per the post.
Participants included returning investors such as Andreessen Horowitz and Obvious Ventures, along with new investors Workday CEO Chano Fernandez, NBA star Andre Iguodala, Rethink Impact, Stardust Equity, and the D’Amelio family’s 444 Capital Fund.
Funding To Support Beyond Nurses
In light of the new funding, Abuzeid is adamant that it will support her startup’s mission of helping healthcare workers have the opportunity to better lives, as well as live out their dream roles.
“Nurses are the backbone of the US healthcare system and they deserve the well-staffed teams and tools to not only succeed, but also feel fulfilled in their careers,” Abuzeid added. “We’re excited to accelerate our growth to affect even more change for US healthcare workers and health systems.”
The company aims to scale further across the nation and create more roles for the likes of doctors, physical therapists, pharmacists, and more.