NurseGrid Raises $5.7 Million to Transform Healthcare Scheduling and Staffing Tools

PORTLAND, Ore., Jan. 18, 2018 /PRNewswire/ -- NurseGrid, a leader in healthcare scheduling and staffing technology, today announced it has closed a $5.7 million funding round led by Hatteras Venture Partners. This news comes as NurseGrid nears its 500,000th mobile download and finalizes enterprise deals at facilities across the country.

NurseGrid is founded by nurses. Understanding healthcare first-hand, the company creates top-rated tools that allow healthcare departments to manage schedules, fill open shifts, increase staff satisfaction, and boost retention -- all from a single platform. In 2017, the company's free mobile app was used by nearly half a million nurses and gained a 4.7 App Store rating. The paid manager platform gained 99% support satisfaction, and 85% of nurses said that when their department uses the technology, they are more satisfied at work.

"The nationwide nurse shortage is a well-documented crisis in our healthcare system," said Jeff Terrell, Principal at Hatteras Venture Partners. "NurseGrid has demonstrated the ability to uniquely engage and connect with nurses to make their lives easier, to drive a broad set of efficiencies, and for health system customers to improve employee retention and job satisfaction. Hatteras is thrilled to partner with this team."

Hatteras leads the round as a new investor. Former investors also participating in this round include Excelerate Health Ventures, Toba Capital, HealthBox, and the Portland Seed Fund.

"We are proud to bring capital into Portland and excited to have many local investors supporting our business and hometown's technology sector," said Joe Novello, NurseGrid's CEO. "We plan on using the funds to continue revolutionizing the way hospitals and healthcare facilities manage the schedule, open shifts, float pools, recruiting, and so much more. We have big plans for 2018."

NurseGrid's team grew nearly 50% in 2017. New funding will help continue growing the team, expand the product line, and improve existing tools. Current plans call for expanding features, such as managing float staff across departments and enabling staff to schedule themselves using smartphones. NurseGrid will also build out the mobile Jobs Board, allowing nurses to apply for and seek out new jobs within the NurseGrid app.

About NurseGrid

NurseGrid creates simplified schedule management tools for healthcare facilities. The company works with nursing departments and enterprise healthcare clients to modernize staffing processes while improving department efficiency. For more information, visit www.nursegrid.com.

SOURCE NurseGrid

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