Healthcare staffing company Nomad Health raises $105 million

Nomad Health , a digital marketplace for temporary healthcare jobs, closed a $105 million funding round 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. This brings Nomad’s total funding to over $200 million since its founding in 2015.

Founded in 2015 by a team of doctors and serial entrepreneur Kevin Ryan, Nomad Health has built the first online marketplace where clinicians and medical employers can directly connect for freelance healthcare jobs. Now, in addition to continuing to support the demand for its travel nursing product, Nomad will use this new funding to expand to allied health professionals, including laboratory technicians, physical therapists, and ultrasound technicians.

According to the company, its user base now includes more than 250,000 healthcare workers who have submitted nearly half a million job applications on the platform. Its revenue has increased more than seven-fold, and the company is profitable.

In addition to the new financing and business expansion, Nomad (now a team of over 700 employees) announced the hiring of Maquel Shaw as Chief Marketing Officer. A marketing veteran with over a decade of experience, Ms. Shaw comes from Overstock.com, where she most recently served as interim Chief Marketing Officer, tasked with overseeing a multi-million-dollar budget and leading the creation and execution of national marketing and brand campaigns.