AAA Health Scholars heads to $17m series B

Health Scholars heads to $17m series B

US-based clinical training provider Health Scholars has closed a $17m series B round that included health system OSF Healthcare and venture capital firms Arboretum Ventures, Capital Midwest Fund and Venture Investors.

Formerly known as Nextcore Health, Health Scholars has built a cloud-based medical simulation software platform that manages, analyses and helps execute training for clinicians using virtual reality.

The company was formed in 2017 through the merger of education technology provider Optera Group and clinical education platform developer Simcore Technologies. It will put the cash toward expanding course content, improving its VR technology and boosting the platform’s market reach.

Details of any previous funding for Health Scholars have not been disclosed, though SimCore raised $500,000 in a 2016 equity round and $600,000 in debt financing the following year according to securities filings.

Health Scholars CEO Cole Sandau said: “Closing our series B financing is a huge vote of confidence from both the market and investor community of Health Scholars’ strategy and value.

“Having $17m in new capital to expand our focus on patient safety and quality issues will provide our customers with truly transformative training and virtual simulation technologies that will drive improved patient outcomes.”

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