# HcT2 Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hct2

- Industry: Healthcare IT
- Headquarters: Portland, US
- Website: www.nursegrid.com
- Total disclosed funding: $12M
- Latest round: Series A (Oct 31, 2023)
- Investors on record: 8

## About

HcT2 Co. develops innovative solutions for healthcare staffing challenges, particularly through its Nursegrid platform, which enhances scheduling for nurses and improves work-life balance.Founded in 2013 and headquartered in Portland, US, HcT2 Co. specializes in creating technology solutions for the nursing workforce. The company has raised JPY 700 million in its Series A funding round on October 31, 2023, attracting investments from Energy & Environment Investment and Spiral Capital. CEO Rob MacNaughton leads the company, which has successfully completed a total of 6 deals.HcT2 Co. primarily offers a comprehensive scheduling application, Nursegrid, specifically designed to optimize the work-life balance for nurses. The app provides 24/7 access to personal schedules, multi-location shift management, networking tools, and credential management features, catering to over half a million nurses across various U.S. markets.HcT2 Co. operates on a subscription-based model, serving individual nurses and larger healthcare institutions. The Nursegrid app generates revenue through direct subscriptions and partnerships with healthcare facilities looking to enhance operational efficiency in scheduling and credential tracking, thereby driving user engagement and retention.Following the recent JPY 700 million Series A funding in October 2023, HcT2 Co. plans to utilize the investment for improving its logistics infrastructure and addressing social issues. The company is focused on expanding its market presence, although specific details on new product launches or geographic targets have not been disclosed.

## Funding rounds

- Series A, Oct 31, 2023, $4.7M — Energy & Environment Investment, Spiral Capital
- Series B, Jan 18, 2018, $5.7M — Hatteras Venture Partners, Portland Seed Fund, Toba Capital, Excelerate Health Ventures, Healthbox
- Seed, Jun 22, 2015, $1.2M — Portland Seed Fund, The Indus Entrepreneurs, Excelerate Health Ventures
- Seed, Jun 19, 2014 — Portland Seed Fund

## Investors

- Portland Seed Fund (https://capitalatlas.ai/funds/portland-seed-fund) — Seed, Series B
- The Indus Entrepreneurs — Seed
- Excelerate Health Ventures (https://capitalatlas.ai/funds/excelerate-health-ventures) — Seed, Series B
- Hatteras Venture Partners (https://capitalatlas.ai/funds/hatteras-venture-partners) — Series B
- Toba Capital (https://capitalatlas.ai/funds/toba-capital) — Series B
- Healthbox (https://capitalatlas.ai/funds/healthbox) — Series B
- Energy & Environment Investment (https://capitalatlas.ai/funds/energy-environment-investment) — Series A
- Spiral Capital (https://capitalatlas.ai/funds/spiral-capital) — Series A