MedAll, the virtual training platform for healthcare professionals, has raised $3.4m in seed funding, bringing the total funding raised to date to $4.3m for the Northern Irish start-up.
The funding round was led by Connect Ventures with participation from existing investors Seedcamp, Ascension, Techstart and Sarah Friar alongside a specialist healthcare fund - Nina Capital.
MedAll launched its platform for healthcare organisations in February 2021.
The company is on a mission to make healthcare training accessible to every healthcare professional everywhere.
The company has been making its virtual and hybrid healthcare training platform accessible to healthcare organisations so that they can deliver and share their training content online with healthcare professionals around the world.
Healthcare organisations can manage, deliver and share their regular teaching sessions, courses and conferences using MedAll. Healthcare professionals can learn the breadth of medicine in a single place from hundreds of healthcare organisations.
In only 10 months, MedAll's team of four people has built a platform that has powered healthcare training sessions for 900+ organisations across 20+ countries. Its platform has been used by one third of UK medical students and one fifth of UK postgraduate trainee doctors to attend teaching and training sessions - as well as healthcare professionals in over 160 countries.
The new funding will be used to continue to develop the company’s product and to make the training software accessible to thousands more healthcare organisations.
Dr Phil McElnay, Co-founder and CEO of MedAll said, "The World Health Organisation explains that we need to train an additional 18 million healthcare professionals by 2030. But The Lancet describes "severe institutional shortages" in our training capacity. 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."
Sitar Teli, Managing Partner at Connect Ventures said, "MedAll completely rethinks how healthcare professionals globally can undergo their required continuous medical education. They’re building a network of organizations and professionals that can help each other learn and succeed - with MedAll, a doctor in Nigeria who learned from a cardiologist in the US can teach a fellow professional in Brazil. 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."
Sarah Friar, CEO at Nextdoor and Angel Investor in MedAll said, "The team at MedAll has discovered the power of a passionate and enabled community to change the world. The MedAll platform has enabled and empowered the medical community to deliver medical education at a scale never before imaginable. This isn’t just an ambitious team building a product that already has global reach. This is a team boldly solving a problem that really matters to the world."
Marta Gaia Zanchi, Managing Partner at Nina Capital said, "During my time on the faculty at Stanford School of Medicine, I became acutely aware of both the power of a highly-engaged medical network and the global inadequacy of tools used in medical education, especially to support an indispensable part of a physician’s calling: lifelong learning. MedAll has - with breath-taking speed, virality and stickiness - become the go-to platform for delivery and consumption of quality, accessible content for physicians’ continuing education."