Revolutionizing Telemedicine: Float Health Raises $10 Million for Home-Based Nursing Services

Float Health, a startup providing staffing for home-based care, secures $10 million in fundraising.

Float Health, a nurse staffing and pharmacy referral startup based in San Francisco, has raised $10 million in a Series A funding round led by Canvas Ventures. The company was founded in 2021 and currently operates in California and Arizona. Float’s business model focuses on providing patients with care in their homes through the use of registered nurses and shift scheduling.

One of Float’s primary areas of focus is addressing chronic illness, which affects 133 million people in the United States. CEO Ryan Johnson emphasizes the importance of moving specialty medicine into the home environment to improve patient outcomes and ease the burden on nurses who often work long shifts and juggle multiple priorities.

Float collaborates with specialty pharmacies that send staffing requests to the company. Clients include pharmacies such as CVS Health, Kroger, Option Care Health, Optum, Soleo Health, and Walgreens Boots Alliance. The recent funding round not only involved Canvas Ventures but also Wave Capital, Y Combinator, Burst Capital, and Also Capital, bringing Float’s total funds raised to $15 million.

In addition to institutional investors, individuals such as Max Mullen, a co-founder of Instacart, Jed Nachman, COO of Yelp, and Brian Osborn, former vice president of marketing at Yelp participated in the funding round as angel investors. Float has reported a 97% staffing rate and has conducted 19,000 visits. On average

Leave a Reply