ShiftKey has raised significant capital across multiple funding rounds, most recently securing $300 million in January 2023, led by Lorient Capital, Ares Management, Clearlake Capital Group, and Health Velocity Capital, at a valuation of $2 billion. Founded in 2016, ShiftKey specializes in connecting licensed healthcare professionals with facilities, enabling flexible work arrangements through its technology-driven platform.
What Is ShiftKey and What Does It Do?
ShiftKey, founded by Mike Vitek, Matt Creason, Rafal Marczynski, and Tom Ellis in 2016, is a U.S.-based health-tech company headquartered in Irving, Texas. The platform offers a marketplace where licensed professionals can find, book, and manage shifts at healthcare facilities that align with their schedules and preferences. By offering control over work-life balance and simplifying staffing management for hospitals and clinics, ShiftKey enhances operational efficiency while supporting the flexibility of professionals.
ShiftKey employs approximately 292 people and serves hospitals, clinics, and healthcare organizations nationwide. Its technology streamlines scheduling, shift fulfillment, and administrative tasks, positioning the company as a leading platform for flexible workforce solutions in the healthcare industry.
How Much Funding Has ShiftKey Raised?
1. Series A Round
- Amount Raised: $300M
- Date: January 2023
- Lead Investors: Lorient Capital, Ares Management, Clearlake Capital Group, Health Velocity Capital
- Motivation: To scale the platform nationally, enhance technology, and expand staffing solutions.
Total Funding Raised: $300 Million
Current Valuation: $2 Billion (as of January 2023)
Latest Funding Date: January 2023
Key Investors
1. Lorient Capital
- Details: Institutional investor focusing on high-growth companies.
- Investment Focus Areas: Technology, healthcare, growth-stage startups.
- Notable Investments: ShiftKey, ClearGage, Centria Healthcare, PurposeCare.
2. Ares Management
- Details: Global alternative investment firm managing private equity and credit funds.
- Investment Focus Areas: Technology, healthcare, and infrastructure.
- Notable Investments: InMoment: Eagle Football Group, Miami Dolphins.
3. Clearlake Capital Group
- Details: Private equity firm investing in technology-enabled businesses.
- Investment Focus Areas: SaaS, enterprise tech, health tech.
- Notable Investments: Dun & Bradstreet, BlackLine, Inc., Quest Software.
4. Health Velocity Capital
- Details: Specialized healthcare-focused investment firm.
- Investment Focus Areas: Digital health, health-tech innovation, enterprise solutions.
- Notable investments: MDLive, Livongo, HealthJoy, and OnShift.
Where Is ShiftKey’s Headquarters?
ShiftKey is headquartered in Irving, Texas, a strategic location that supports national healthcare staffing operations and allows for close coordination with partner hospitals and clinics across the U.S.
What’s Next for ShiftKey?
ShiftKey is expanding its platform to cover more healthcare facilities nationwide and integrate advanced scheduling analytics to improve operational efficiency further. With strong backing from leading investors and a growing workforce, the company is poised to redefine flexible staffing in healthcare while exploring partnerships with hospitals, clinics, and tech innovators to drive further growth.
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