Belfast start-up MedAll has raised $3.4m in seed funding to develop its training platform and expand its global reach.
The funding round was led by Connect Ventures and included existing investors Seedcamp, Ascension, Techstart and Sarah Friar, along with specialist healthcare fund Nina Capital. This brings the total funding raised to $4.3m to date, RTÉ reported.
With MedAll’s software, healthcare organisations can build and implement digital training and certification without having to delve into any complicated coding.
Since launching its platform last year, MedAll said that more than 900 healthcare organisations in more than 20 countries have used it for training healthcare staff, including the University College Dublin surgeon society.
The World Health Organisation estimates a projected shortfall of 18m health workers by 2030, mostly in low and lower-middle income countries, indicating a need for more accessible training platforms.
“If we don’t solve this problem, patients will suffer. It was this urgent need that motivated me to launch MedAll. We’re honoured to have the backing of such stellar partners to help us to scale up the world’s healthcare training capacity.” Medall CEO Dr Phil McElnay said.
The medical start-up said organisations have been making their teaching accessible using this technology, meaning healthcare professionals in 167 countries have learned by using MedAll in the past year.
“With MedAll, a doctor in Nigeria who learned from a cardiologist in the US can teach a fellow professional in Brazil.” Connect Ventures managing partner Sitar Teli said.
“We were blown away by what this team has already built and are excited to help them build a world-class product for millions more.”
Its platform has also been used by one third of UK medical students and one fifth of UK postgraduate trainee doctors at healthcare events.
Last February, MedAll was one of ten NI start-ups selected by the Ignite NI accelerator to spend three months getting guidance and support.
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