Kevala, a Seattle, Washington-based workforce management and engagement solution built specifically for healthcare, announced that it raised $12.1 million in Series A funding to modernize the healthcare industry through innovative scheduling and compliance software.
The round was led by Cercano Management, with participation from existing investors Costanoa Ventures, High Alpha, and PSL Ventures.
With rapid revenue growth and new funding, Kevala plans to accelerate its pace of innovation. Kevala plans to continue to expand its reach into new states with its software platform and the Kevala Care Network of caregivers this coming year.
Company: Kevala, Inc.
Raised: $12.1M
Round: Series A
Funding Month: February 2022
Lead Investors: Cercano Management
Additional Investors: Costanoa Ventures, High Alpha, and PSL Ventures
Company Website: https://www.kevala.care/
Software Category: Workforce management and engagement platform
About the Company: Kevala is an intelligent workforce management and engagement platform built to solve staffing problems in healthcare facilities. Kevala is first addressing the unique needs of long-term care organizations, including senior living, skilled nursing and rehabilitation, and hospice. By building an integrated and intelligent SaaS solution, Kevala is able to maximize employee productivity and engagement, while improving the quality of care and the bottom line. Kevala is reshaping the way healthcare organizations manage and engage their internal and external care teams. Founded in 2020 by a team of seasoned technology veterans to reshape the way small and medium-sized healthcare organizations build, manage and engage their internal and external staff. By delivering a purpose-built SaaS platform that automates healthcare scheduling and compliance, coupled with a marketplace stocked with shift-ready supplemental staff, Kevala is able to ensure that all shifts are filled with happy and engaged care teams.
Source: https://www.businesswire.com/news/home/20220214005156/en/Kevala-Raises-12.1-Million-Series-A-to-Modernize-Healthcare-Staffing-Amid-Worker-Shortage