6 years ago

FundamentalVR Secures €5 Million Series A Funding for VR Surgical Training Platform

  • London-based medtech startup FundamentalVR has raised €5 million in Series A funding, led by Downing Ventures with participation from Epic Private Equity, Brighteyes Ventures, Mayo Clinic, and Sana Kliniken

  • The funding will be used to further invest in the company's Fundamental Surgery education platform, which is the first surgical simulation software system to deploy HapticVR™, combining VR with cutting-edge haptics

  • The round includes a €0.58 million convertible loan note conversion, bringing the post-money valuation to €13 million

  • Tern, an existing investor in FundamentalVR, has also converted €0.58 million of convertible loan notes at a 20% discount to the current fundraising price.

      • ProblemHealthcare

      "Surgical training is expensive and time-consuming, and it can be difficult to get enough practice in real-world settings. This can lead to surgeons making mistakes, which can have serious consequences for patients."

      Solution

      "FundamentalVR has created a virtual reality (VR) training and data analysis technology platform that allows surgeons to practice their skills in a safe and realistic environment. The platform uses haptics (the sense of touch) to create a more immersive experience, and it also collects data on surgeons' performance so that they can track their progress and identify areas where they need to improve."

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