Existing investors double down and invest €44m alongside new investors Hambro Perks and SVB Capital.
MEDWING is the leading HealthTech marketplace for permanent and temporary staffing in the European healthcare sector
With over 500,000 of candidates on its platform, MEDWING manages the largest pool of healthcare professionals in Europe
More than 5,500 medical employers are registered on the MEDWING platform
Berlin – MEDWING (medwing.com), one of Europe’s fastest-growing HealthTech startups, has successfully closed its €44 million Series C round bringing the company’s total funding to €87m. The investment is further strengthening the company’s ability to build the leading job matching marketplace in Europe. As part of this new round, existing investors Quadrille Capital, Cathay Innovation, Northzone, Cherry Ventures and Atlantic Labs participated alongside new investors Hambro Perks and SVB Capital.
Founded in Berlin in 2017, MEDWING was created as a response to the global shortage of healthcare workers and continues to deliver on its promise of empowering healthcare workers through their entire professional life cycle. Its goal is to improve their working conditions by matching them to the jobs that best fit their lifestyle and needs, but also by enabling flexible working.
Johannes Roggendorf, Founder and CEO of MEDWING, said: “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. 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.”
MEDWING has the largest pool of employees for medical and nursing professions in Europe, with over 500,000 trained professionals and 5,500 healthcare employers registered on the platform. The company is growing with more than 15,000 new candidate registrations every month. More than 50,000 temporary shifts are booked monthly via MEDWING’s marketplace and every year MEDWING places more than 2,000 specialists in permanent positions, enabling long-term career moves to thousands of medical staff.
Thanks to its continued efforts, MEDWING proved itself to be one of the most promising European scale-ups in the HealthTech sector. The company is expecting to reach profitability by the end of this year and with this new round of financing, MEDWING will accelerate its sustainable growth, particularly in Germany and the UK. To do so, the company intends to invest further in its digital platform by continuing to add new features, products and services. MEDWING’s team is composed of over 300 employees from over 35 countries.
Costanza Carissimo, Director at Cathay Innovation: “Cathay Innovation’s main goal is to support the digital transformation of society and the economy. Accompanying MEDWING in this new phase of growth directly answers that objective. Indeed, we believe digitalizing existing healthcare processes is a priority to answer the growing needs of professionals and organisations in the field. We are excited to continue supporting Johannes and MEDWING’s leadership team in their mission to build the largest digital end-to-end platform for workers in healthcare.”
Michiel Kotting, Partner at Northzone: “I’m very excited with the platform mission: giving nurses and other healthcare professionals more control over their career, an essential part of our society that has been hit heavily by the stresses of Covid and inflation spiraling. There’s still a long way to go and Medwing is here to fix this gap!”
Vianney Barre, Vice-President Quadrille Capital: “The healthcare system suffers from chronic nursing shortages, which have only become worse following the Covid-19 pandemic. Medwing’s platform is uniquely positioned to address this challenge in Europe by leveraging technology to match candidates with hospitals and other healthcare institutions as they recruit nurses. Quadrille is pleased to further support Johannes and his Medwing team as they continue to lead this high-growth market.”
MEDWING (medwing.com) is Europe’s technologically leading job matching marketplace for all healthcare professionals. A modern technology company that uses the advantages of digitalization and automation to make the matching process between professionals and hospitals or care facilities as timely, efficient, transparent and simple as possible for all parties involved. Our aim is to make working in the health care professions more attractive and to eliminate the shortage of personnel in the healthcare system. We want to enable every candidate to work the way they want to. To achieve this, we rely on innovative technology and personal contact. As a digital health company we are growing rapidly and currently have around 15,000 new registrations per month, over 160 professionals find a new job in the health industry every month and over 50,000 shifts are placed each month. With over 500,000 trained professionals, we have one of the largest pools of employees for medical and nursing professions in Germany and Europe. We currently work with more than 5,500 hospitals and nursing homes, thus helping to avoid staff shortages.
MEDWING, founded in 2017 by Johannes Roggendorf and former co-founder Dr. Timo Fischer, is active not only in Germany, but also the UK and currently employs around 300 people from over 35 nations. Business Insider put MEDWING on the “Watchlist der 20 vielversprechendsten Unternehmen” in 2020, LinkedIn voted us the “Top Startup 2019” in Germany. During the Corona crisis MEDWING initiated the nationwide pro bono initiative “WIR WOLLEN HELFEN”. www.medwing.com
ABOUT CATHAY INNOVATION
Cathay Innovation is a global venture capital partnership, created in affiliation with Cathay Capital, investing in startups at the centre of the digital revolution across North America, Latin America, Europe, Asia and Africa. Its global platform unifies technology investment across continents, investors, entrepreneurs and leading corporations to accelerate startup growth with access to new markets, invaluable industry knowledge and introductions to potential partners from the start. As a multi-stage fund with over $2 billion in assets under management and offices across San Francisco, New York, Paris, Shanghai, Beijing and Singapore, Cathay Innovation partners with visionary entrepreneurs and startups positively impacting the world through technology.