Boston-based Oxford Medical Simulation secures $12.6M in series A round funding. The investment, led by Frog Capital with follow-on capital from ACF Investors, existing shareholders and strategic partners, marks a significant milestone in OMS’s mission to revolutionize healthcare education, training, and assessment.
OMS is dedicated to training the next generation of nurses, doctors, and allied healthcare professionals. With 91% of graduating nurses feeling unprepared for clinical practice, OMS stands at the forefront of addressing this critical gap, offering immersive training experiences that enable healthcare professionals to practice any place, any time, without risk.
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This ensures that the first time they encounter a medical emergency, have a difficult conversation or perform a procedure, they have already experienced it in OMS – streamlining workforce training, enhancing preparedness for practice and improving patient safety.
In addition, adoption of OMS leads to a 74% reduction in staffing and equipment costs vs traditional training methods, helping relieve the burden on educational institutions and health systems when they need it most.
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The Series A funding will enable this expansion, allowing OMS to scale its offering across learner groups, expand the use of AI across its solutions, and further support clients in building their own content. The investment will also supercharge R&D efforts, ensuring that OMS remains at the forefront of innovation in healthcare training.
Konstantin Koenig, Principal at Frog Capital said, “Recruitment, training and retention of healthcare professionals at scale is key to address the workforce crisis within healthcare. We have been impressed with the team at OMS and how they are addressing this issue using cutting-edge software. Their immersive healthcare training solution drives a step change in quality, productivity and cost efficiency for healthcare systems and patients worldwide. As a purpose-driven investor, we’re excited to support them with our scale-up experience on this journey.”
Michael Wallace, co-founder and CEO of OMS said, “This investment marks a milestone for OMS, It allows us to rapidly scale the team whilst staying true to our vision and values. Frog’s experience in helping scale impact-focused software companies, combined with the significant expertise of our healthcare advisory board, will facilitate this expansion at a critical time for OMS and the healthcare workforce. But these innovations are not just about technology; they’re about people – training healthcare professionals more effectively to improve patient care, and this funding isn’t just an investment in Oxford Medical Simulation; it’s an investment in every healthcare professional we train. Our journey so far has been incredible, and it’s only just beginning.”
About Oxford Medical Simulation
Oxford Medical Simulation (OMS) design, build and deliver virtual reality healthcare training. Using VR headsets, learners can practice in immersive, fully-interactive clinical scenarios as if in real life. They then receive personalized feedback and can repeat as often as they like to improve performance.
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