In a groundbreaking achievement for both women entrepreneurs and the healthcare industry, Iman Abuzeid, a Sudanese-American innovator, has etched her name in history as the fourth Black woman to spearhead a billion-dollar company.
With her visionary leadership and trailblazing contributions to the healthcare technology sector, Abuzeid has emerged as a front-runner among young, successful female business moguls, captivating the world.
Forbes, the renowned U.S. business magazine that tracks the fortunes of ultra-high net-worth individuals, recently unveiled a list of America’s richest self-made women, which led to the subsequent publication of Billionaires.Africa‘s List of America’s 9 Richest Black Women.
Amidst the well-known names of media powerhouse Oprah Winfrey and cosmetics tycoon Robyn “Rihanna” Fenty, the emergence of Iman Abuzeid sparked widespread fascination and awe.
Iman Abuzeid’s inspiring journey to extraordinary success and prominence
Born to Sudanese parents in Saudi Arabia, Abuzeid developed a deep-rooted passion for healthcare technology that improves lives. She earned undergraduate and medical degrees from University College London before embarking on a journey to the United States, where she ventured into healthcare consulting.
Fueled by her desire to tackle the nursing shortage afflicting American hospitals, Abuzeid co-founded Incredible Health, a groundbreaking digital nurse hiring platform, in 2017. The startup has swiftly emerged as the fastest-growing career marketplace for permanent healthcare workers, revolutionizing the industry’s approach to staffing.
Unlike other platforms that predominantly cater to contractors, Abuzeid’s startup puts nurses in the driver’s seat by focusing solely on permanent employees.
the unique approach has garnered significant attention and support, with 700 hospitals nationwide already utilizing the platform.
Abuzeid’s vision has resonated deeply within the healthcare sector, with around 60 percent of America’s top-ranked hospital systems, including industry giants such as Cedars-Sinai and Baylor Scott & White, eagerly embracing Incredible Health.
By listing their open job positions on the platform, these hospitals tap into the power of the startup’s proprietary algorithm, which matches the best candidates to the available roles.
Under Iman Abuzeid, Incredible Health raises $80 million, achieves $1.65 billion valuation
In August 2022, under Abuzeid’s astute leadership, Incredible Health achieved a groundbreaking milestone. The startup secured $80 million in a Series-B funding round, propelling its valuation to a remarkable $1.65 billion.
The significant capital injection not only solidified Incredible Health’s position as a major player in the healthcare technology landscape but also elevated Abuzeid into the exclusive circle of Black female founders with billion-dollar companies.
The Series-B funding round was spearheaded by Base 10 Partners as part of its Advancement Initiative, a program committed to donating 50 percent of the fund’s carried interest to historically Black colleges and universities.
Iman Abuzeid’s interest in her billion-dollar company has propelled her net worth to $350 million
Abuzeid’s success story not only breaks barriers within the business realm but also paves the way for greater inclusivity and representation within the investment landscape.
According to Forbes, her interest in the billion-dollar company has propelled her net worth to $350 million, making her one of America’s richest Black women.
This extraordinary accomplishment highlights the transformative power of entrepreneurship and showcases Abuzeid’s unwavering dedication to solving critical issues in the healthcare sector.
As Abuzeid continues to revolutionize healthcare staffing through Incredible Health, her influence, and impact ripple far beyond the confines of the industry. As a doctor herself, she understands the importance of choosing the right stepping stones in a clinical career.