Money Moves: McLean healthcare workforce platform ShiftMed raised $45M

ShiftMed, a McLean, Virginia-based management platform for healthcare workers, raised $45 million this week. The round was led by industry investors, Panoramic Ventures and Healthworx, the innovation arm of CareFirst. Additional participants included Blue Heron Capital, Motley Fool Ventures and 3TS Capital Partners.

The funding from the raise will be used to continue developing ShiftMed’s products as well as expanding its footprint nationally. In the third quarter of 2021, over 200,000 patients used ShiftMed and its hired over 10,000 nurses since its inception.

“Now more than ever, credentialed caregivers are needed to support our hospital, post-acute, and in-home business segments. ShiftMed’s software platform allows our customers real-time access to the workers they need,” said Todd Walrath, ShiftMed CEO, in a statement. “We are excited to accelerate our mission of building a global community of engaged health care professionals.”


Fairfax, Virgnia-based software developer 3Pillar has landed a strategic growth investment from an affiliate of H.I.G. Capital, the company announced this week.

With the investment, 3Pillar said it will continue the company’s growth, including adding members to the team. It is currently hiring data analysts, UX designers, engineers and salespeople for its Fairfax headquarters, but the company is fully remote with a “work from anywhere” policy.

“These past 18 months created an opportunity for accelerated growth in the digital transformation market, and 3Pillar rose to meet that need,” Margaret Irons, 3Pillar VP of marketing and communications, told “This new partnership with H.I.G. Capital will allow us to maintain our current strategic growth, mature our development systems, and help hire and develop the top talent in the industry. This investment will strengthen our momentum going into 2022, and we are excited for what our future holds.”

Earlier this year, the company acquired Europe-based developer Software Development Europe.


DC financial edtech firm MPower Financing, which caters to international and DACA students, is doubling its student lending limit.

MPower announced this week that it would be raising its…