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§ Private Profile · Remote, OR, USA
On-demand healthcare workforce platform connecting facilities with local clinicians for flexible per diem shifts, optimizing staffing & costs.
CareRev has raised $51.0M across 2 funding rounds.
Key people at CareRev.
CareRev was founded in 2015 by William Patterson (Founder/CEO) and Sofia Pessanha (Founder/COO).
CareRev has raised $51.0M in total across 2 funding rounds.
Based in Los Angeles and Sacramento, California, CareRev operates an on-demand workforce platform that connects healthcare facilities with local clinicians for flexible per diem shifts. The marketplace serves acute care facilities across more than 32 metropolitan areas, encompassing over 70 health systems and 540 outpatient centers nationwide. Utilizing a mobile application and artificial intelligence tools like Smart Rates, the platform manages a network of over 35,000 registered nurses and allied health professionals while generating approximately $63 million in revenue. The company has raised $50 million in total funding from venture capital backers including Y Combinator, FundRx, and Industry Ventures. Operating with a corporate workforce of 250 to 300 employees, the business recently expanded its W-2 staffing capabilities to help hospitals optimize internal labor pools and reduce external agency costs. CareRev was founded in 2015.
Key people at CareRev.
CareRev was founded in 2015 by William Patterson (Founder/CEO) and Sofia Pessanha (Founder/COO).
CareRev has raised $51.0M in total across 2 funding rounds.
CareRev's investors include Transformation Capital, 8VC, Active Capital, Antler, Ascension Ventures, Breega, Cake Ventures, Coelius Capital, Drive Capital, DST Global, foobar.vc, Fuel Ventures.
CareRev has raised $51.0M across 2 funding rounds. Most recently, it raised $50.0M Series A in April 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Apr 1, 2021 | $50M Series A | Transformation Capital | 8VC, Active Capital, Antler, Ascension Ventures, Breega, Cake Ventures, Coelius Capital, Drive Capital, DST Global, Foobar.vc, Fuel Ventures, Hyde Park Venture Partners, Invariantes Fund, Khosla Ventures, Kindred Ventures, Moonshots Capital, OAK HC/FT, Tiger Global Management, Tribe Capital, Union Square Ventures, Greg Schroy, Matt Brezina, S J, Michael Seibel, Zach Coelius, Gaingels, Industry Ventures | Announced |
| Aug 1, 2016 | $1M Seed | — | Byers Capital, Cota Capital, F7 Ventures, Fifth Wall, Founders Fund, Great Oaks Venture Capital, Highbury Group, Lionheart Ventures, Long Journey Ventures, Maverick Capital, Meridian Street Capital, Mohamad Makhzoumi, Pareto Holdings, Quiet Capital, Recursive Ventures, RRE Ventures, Silicon Valley Data Capital, SNR, Unpopular Ventures, Webb Investment Network, Badr AL Rumaih, Ethan Beard, John Kobs, Othman Laraki, RAN Makavy, Sean Glass, TOM Williams | Announced |
CareRev is a technology-driven healthcare staffing platform that seamlessly connects healthcare facilities with local, flexible clinical professionals such as registered nurses, certified nursing assistants, licensed practical nurses, and technicians. It empowers healthcare professionals to take control of their careers by choosing shifts that fit their schedules, while enabling hospitals, health systems, outpatient centers, and skilled nursing facilities to efficiently fill staffing needs in real-time. This direct marketplace model eliminates intermediaries, reduces staffing costs, and addresses labor shortages by providing a scalable, on-demand workforce. CareRev currently serves over 32 major metropolitan areas across the U.S., partnering with more than 70 hospitals and health systems and over 540 outpatient and skilled nursing centers[1][2][3].
Founded by healthcare and technology professionals (specific founders not detailed in the search results), CareRev emerged from the need to solve persistent staffing challenges in acute care and other healthcare settings. The idea was to leverage technology to create a flexible, resilient workforce that benefits both healthcare providers and professionals. Early traction came from successfully enabling hospitals to fill last-minute shift openings and providing clinicians with greater scheduling flexibility, which helped reduce burnout and improve operational efficiency. The company has evolved to include features like the "Available Now" function, allowing hospitals to access clinicians ready to work within 24-72 hours, further enhancing responsiveness to fluctuating patient demand[3][6].
CareRev rides the growing trend of on-demand workforce platforms and gig economy models applied to healthcare, addressing critical labor shortages and burnout in the sector. The timing is crucial as healthcare systems face increasing patient demand, cost pressures, and the need for flexible staffing solutions. By leveraging technology to streamline staffing logistics and empower clinicians with scheduling autonomy, CareRev influences the broader healthcare ecosystem by promoting workforce resilience, operational efficiency, and improved clinician well-being. Its marketplace approach exemplifies how digital platforms can transform traditional industries by enhancing transparency, speed, and user experience[1][3][6].
Looking ahead, CareRev is poised to expand its footprint by deepening integration with health systems and enhancing platform features that improve workforce agility and satisfaction. Trends such as increasing demand for flexible work arrangements, digital transformation in healthcare operations, and acute care staffing challenges will continue to shape its trajectory. CareRev’s influence may grow as it sets new standards for how healthcare staffing is managed, potentially expanding into new clinical roles and geographies while fostering a more sustainable healthcare workforce model. This aligns with its mission to build the local, resilient, and flexible healthcare workforce of the future[3][6][1].