Float Health, a nurse staffing and pharmacy referral startup based in San Francisco, has recently secured $10 million in a Series A funding round led by Canvas Ventures. The company was founded in 2021 and operates in California and Arizona. Float’s business model involves contracting with registered nurses to provide care in patients’ homes by scheduling shifts.
One of Float’s main areas of focus is addressing chronic illness, a condition that affects 133 million people in the United States. CEO of Float, Ryan Johnson, highlighted the importance of moving specialty medicine into the home as a way to improve patient outcomes and reduce nurse burnout. The company works with specialty pharmacies that facilitate the staffing requests and counts CVS Health, Kroger, Walgreens Boots Alliance, and other major healthcare companies among its clients.
The funding round, which included investment from Wave Capital, Y Combinator, Burst Capital, Also Capital, Max Mullen (co-founder of Instacart), Jed Nachman (COO of Yelp) and Brian Osborn (former VP of marketing at Yelp), brought Float’s total funds raised to $15 million. With a 97% staffing rate and 19,000 visits achieved