# ExplORer Surgical

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/explorer-surgical

- Industry: Software
- Headquarters: Chicago, US
- Website: www.explorersurgical.com
- Total disclosed funding: $9.7M
- Latest round: Series B (Jan 24, 2019)
- Investors on record: 12

## About

Founded in 2015 and headquartered in Chicago, US, ExplORer Surgical Corp. offers innovative surgical training and workflows, enhancing the efficiency and effectiveness of surgical procedures through advanced technology solutions.ExplORer Surgical Corp. specializes in providing digital surgical training and workflow solutions. The company was founded in Chicago, US, in 2015. In October 2021, it was acquired by Global Healthcare Exchange, LLC, enhancing its capacity to support value-based healthcare initiatives. The company has been involved in 5 funding deals, raising a total of USD 2.50 mn, with the latest round led by Aphelion Capital.ExplORer Surgical Corp. delivers advanced solutions designed to optimize surgical training and operational workflows. Its flagship platform offers a comprehensive suite of tools for surgical teams, facilitating improved communication, training, and real-time updates during procedures, ultimately aiming to enhance patient outcomes. The company serves healthcare providers by streamlining processes and enhancing the quality of surgical care.ExplORer Surgical Corp. generates revenue through subscription-based access to its digital platform, which supports surgical training and workflow efficiency. The business model includes partnerships with healthcare institutions, allowing them to integrate ExplORer’s solutions into their surgical practices, thereby enhancing operational effectiveness and compliance standards.With the acquisition by Global Healthcare Exchange, LLC, ExplORer Surgical Corp. plans to accelerate the adoption of data-driven healthcare solutions within US health systems. The strategic direction includes launching new features within its platform and exploring expansion into additional healthcare markets throughout North America. The recent funding will be utilized to support product development and to enhance the evidence-based solutions offered to improve patient care quality.

## Funding rounds

- Series B, Jan 24, 2019, $4.4M — Aphelion Capital
- Series A, Aug 23, 2017, $4.3M — Pritzker Group Venture Capital, Elliott Management, Aphelion Capital, Baxter Ventures, Harvard Business School Alumni Angels, M25, The University of Chicago, The Ark Fund, Harvard Business School Angels Chicago
- Seed, Sep 13, 2016, $1M — SymphonyAlpha Ventures, CJM Ventures, M25, Wasson Enterprise, The University of Chicago

## Investors

- SymphonyAlpha Ventures — Seed
- CJM Ventures (https://capitalatlas.ai/funds/cjm-ventures) — Seed
- M25 (https://capitalatlas.ai/funds/m25) — Seed, Series A
- Wasson Enterprise — Seed
- The University of Chicago — Seed, Series A
- Pritzker Group Venture Capital (https://capitalatlas.ai/funds/pritzker-group-venture-capital) — Series A
- Elliott Management (https://capitalatlas.ai/funds/elliott-management) — Series A
- Aphelion Capital (https://capitalatlas.ai/funds/aphelion-capital) — Series A, Series B
- Baxter Ventures (https://capitalatlas.ai/funds/baxter-ventures) — Series A
- Harvard Business School Alumni Angels — Series A
- The Ark Fund — Series A
- Harvard Business School Angels Chicago — Series A