ConnectRN, the provider of a staffing app for nurses, today announced it has completed a $76 million funding round, bringing its total raised to more than $100 million since it was founded in 2014.
Headquartered in Waltham, Massachusetts, connectRN provides career development resources, flexible shift offerings and an online community for nurses and nurses aides.
Suvretta Capital Management and Avidity Partners co-led the round, along with HBM Healthcare Investments, Infinitum Asset Management, Adage Capital Management, Cormorant Asset Management and Park West Asset Management.
Amedisys Inc., a home health nursing company based in Baton Rouge, Louisiana, also participated in the financing and will collaborate with connectRN in these new healthcare settings.
“The business is poised to deliver 240% organic revenue growth year over year in 2021 confirming our hypothesis that nurses and aides are not only in demand but are seeking a better path for their careers,” said connectRN CEO Ted Jeanloz. He noted the financing will provide resources and accelerate connectRN’s growth in new and existing markets.