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Black Female Entrepreneur Makes History as the Co-Founder of a $1.6 Billion Tech Startup

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Iman Abuzeid, a medical doctor turned entrepreneur and CEO, is one of the few Black women to lead a billion-dollar corporation. Incredible Health, her health-tech startup, is currently valued at $1.65 billion. She is only the fourth Black woman in history to achieve this feat.

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Incredible Health reportedly received a $80 million Series B round of funding in August 2022, increasing the company’s total current valuation to up to $1.65 billion and making its CEO, Abuzeid, only the fourth Black woman in history to lead a company valued at more than a billion dollars.

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In 2015, Abuzeid co-founded Incredible Health with the intention of connecting more qualified nurses with hospitals and healthcare organizations that have open positions. The platform has been extremely useful, particularly during the COVID-19 pandemic, when a lack of medical personnel impacted many hospitals in the United States.

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With Incredible Health, several hospital systems in the country paid the company to list their open positions, while the algorithm finds the best candidates for them faster than traditional recruitment.

“We’ve transformed how nurses are hired and will build on this work to help health systems and healthcare workers manage surging patient demand in the midst of a national labor crisis,” she told Good Morning America.

Starting with 200 hospitals, the platform has now expanded its partnership to over 600 hospitals in the United States. The number of nurses joining the network is increasing at a rate of over 10,000 per week, reducing the average hiring time to at least 14 days. In 2021, the company’s revenue increased by more than 500 percent.

Abuzeid, a medical doctor, says she is well aware of the country’s shortage of health professionals. That is why, in addition to digitizing the recruitment process, her company offers free accredited nursing courses to fill the critical talent gap.

“We are committed to addressing both sides of this crisis with tech-enabled support and services for the US nursing workforce,” she said.

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Written by How Africa News

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