Pegged Software applies big data and proprietary algorithms to match personality, culture, and talent for hiring and team assembly. The platform targets a wide range of roles across healthcare — including nurses, medical technicians, CNAs, admitting clerks, food and nutrition staff, and housekeepers — and has clients such as Adventist Healthcare, Loma Linda University Medical Center, and Lifebridge Health. Since beginning to scale in healthcare in 2012, Pegged has expanded into 119 facilities nationwide and annually processes over 3 million job applications. The company reports it has reduced employee turnover by an average of 38% across all client sites and job categories, and the announcement also states it can help companies reduce turnover by upwards of 75%; Pegged says it has never failed to achieve a statistically significant turnover reduction. Pegged will use the new capital to expand its product offering, grow its team, broaden its presence within healthcare organizations, and invest in R&D to enter other people-intensive industries.

Total raised

$8M

Funding rounds

1

Latest round

Equity

Latest activity

Jan 2015