MedisimVR raises Rs 3.5cr in pre-series A round led by IP Ventures

The funds raised by MedisimVR will be used by the company for scaling up its product offering and adding more skill training content to their library

MedisimVR, a med-tech company, has raised Rs 3.5 crore in a Pre-Series A round led by Inflection Point Ventures. The round also saw participation from Chennai Angels and Jana Balasubramaniam (MedTech investor). The funds raised will be used by the company for scaling up its product offering and adding more skill training content to their library.

MediSimVR aims to make comprehensive medical training accessible & affordable across the world through their current offerings which include procedural simulation, virtual patient simulation and clinical education. They have been able to onboard almost 500 medical students in the last 4 months.

Vinay Bansal, founder & CEO, Inflection Point Ventures, said, “As we enter the 3rd of the pandemic, the benefits of technology and use cases have also changed with the evolution of the health tech landscape. MediSimVR has understood this need for the healthcare industry to move one notch higher and adapt to new age training technology for skilling medical students and healthcare professionals alike. Their simulation skill training programme is where one can actually practice surgical training, encounter virtual patients scenarios, evaluate the learning metrics which will help the medical fraternity immensely.”

The key product offered by MediSimVR is the virtual reality-based skill training platform, that covers all the skills required in the MBBS curriculum. Some of the other features include performance analytics & evaluation metrics to better assess the learning pattern and competency.

Sabarish Chandrasekaran, co-founder & CEO, MedisimVR, says, “The future healthcare workforce of India needs a futuristic training methodology and an alignment among visionary entities for rapid scaling up. At MediSimVR, we are excited to partner with IPV as we embark on this journey of change.”

The Global VR healthcare market is valued at $3.8 billion and projected to reach $30.40 billion by 2026. The market potential is huge, MediSimVR is aiming to facilitate medical students to learn, practice & hone their skills in a more accurate environment. MediSimVR marries the benefits of Virtual reality and Haptics and elevates healthcare training to a new dimension.