# Health Scholars

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/health-scholars

- Industry: Education/Training
- Headquarters: Westminster, US
- Website: www.healthscholars.com
- Total disclosed funding: $17M
- Latest round: Series B (Jan 16, 2020)
- Investors on record: 4

## About

Health Scholars develops immersive virtual reality training solutions for healthcare professionals, focusing on critical areas like labor and delivery, emergency care, and surgical procedures to enhance clinical skills and patient outcomes.Founded in 2017 in Westminster, US, Health Scholars specializes in VR training for healthcare professionals. The company raised USD 17.00 mn in Series B funding on January 16, 2020, led by Arboretum Ventures, Capital Midwest Fund, OSF HealthCare, and Venture Investors. The CEO team includes Cole Sandau, Scott Johnson, and Sean Ketterick.Health Scholars specializes in providing highly immersive virtual reality (VR) training solutions tailored for healthcare professionals, particularly frontline clinicians. Their primary product offerings revolve around VR training applications designed for critical areas such as labor and delivery, emergency care, and operating room procedures. These applications aim to enhance clinical performance and patient outcomes by offering realistic simulations that allow healthcare providers to practice their skills in a controlled, judgment-free environment. The end users of these products include hospitals, health systems, and educational institutions focused on nursing and clinical training, with a specific emphasis on addressing maternal mortality and crisis management. Health Scholars operates in various geographical markets, including the United States and potentially international markets, where there is a demand for advanced medical training solutions.Health Scholars generates revenue through a combination of subscription-based models and direct partnerships with healthcare organizations. Their clients, which include hospitals and training institutions, engage with the company to gain access to its suite of VR training applications and the Health Scholars Workbench, a no-code authoring tool that enables the customization of training courses. The transactions typically involve annual or multi-year subscriptions, granting clients access to a range of training modules that can be utilized anytime, anywhere. While specific pricing details for individual products or services are not disclosed, the company's offerings are designed to provide scalable training solutions that align with the unique needs and operational structures of healthcare facilities. This approach supports both B2B transactions and direct engagements with healthcare entities seeking innovative training solutions.Health Scholars plans to leverage the USD 17.00 mn raised in Series B funding to enhance its VR training product line and expand into new markets. The company is focused on launching additional training applications aimed at various healthcare specialties by 2022. Targeted expansions include entering strategic international markets where there is a growing requirement for advanced medical training solutions.

## Funding rounds

- Series B, Jan 16, 2020, $17M — Venture Investors, Arboretum Ventures, Capital Midwest Fund, OSF HealthCare

## Investors

- Venture Investors — Series B
- Arboretum Ventures (https://capitalatlas.ai/funds/arboretum-ventures) — Series B
- Capital Midwest Fund (https://capitalatlas.ai/funds/capital-midwest-fund) — Series B
- OSF HealthCare — Series B