Berlin-based Medwing, makers of digital HR management tools for the healthcare sector, has raised €44 million in a Series C that welcomed new investors Hambro Perks and SVB Capital (yes, you read that right, SVB Capital) to the cap table alongside a renewed commitment from Quadrille Capital, Cathay Innovation, Northzone, Cherry Ventures, and Atlantic Labs. Since mid-2017 Medwing has raised approximately €72 million.
Medwing says that the fresh influx will be used to further strengthen its market position, particularly in the UK and Germany. While continuing to add new features and services, the company expects to reach profitability by the end of this year, spurred on in part by the new working capital.
The German company has created digital tools that help hospitals and other medical care facilities with recruitment and HR processes, with the goal of keeping the healthcare sector fully (and more happily) staffed.
In addition to a platform that includes a pool of potential hires, a candidate matching system, and a tool for scheduling interviews and individual shifts, the company offers career consultation for healthcare professionals.
Founded in 2017, the healthcare HR startup counts over 5,500 hospitals and nursing homes amongst its database used by over half a million healthcare workers, with 15,000+ new candidate registrations arriving each month.
“The rising shortage of healthcare staff increases the need to help workers find the right job. Our ambition is to become the starting point for everyone who is looking for a permanent or temporary job in healthcare,” says Medwing CEO and founder Johannes Roggendorf. “Our technology helps to provide superior, faster, yet personalised job matches. With the new funding we’re excited to further invest in our product and service to empower healthcare workers to do what they do best: care.”
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