Medical education startup Osmosis raises $2.5M while growing its user base and video library - Technical.ly Baltimore

Business

Dec. 13, 2018 6:00 pm

Medical education startup Osmosis raises $2.5M while growing its user base and video library

Venture capital firm Greycroft is an anchor investor in the startup, whose cofounders started the company while they were medical students at Johns Hopkins.
Osmosis team members at a recent retreat.

Osmosis team members at a recent retreat.

(Courtesy photo)

Osmosis, a health education startup founded by Johns Hopkins medical students that maintains its base in Baltimore, raised $2.5 million in new funding, according to CEO Shiv Gaglani.

The anchor investor in the round was Greycroft, the venture capital firm cofounded by pioneering investor Alan Patricof. Former Buzzfeed President Greg Coleman was also an investor in the round.

The company’s platform offers medical education materials that are designed to help make learning complicated and voluminous health and medical content more clear and efficient. These include illustrated videos and study tools such as flashcards and questions. The company also makes print books.

The company has grown its video library in the last year from about 450 to more than 1,000, Gaglani said. With that has come growth, as the company now counts 350,000 active users. Gaglani and cofounder Ryan Haynes started the platform to help others in medical school, have also found growth among medical professionals, as well as patients and their families. Gaglani credits the growth to the content getting shared through a network effect and digging into topic areas.

“If 2017 was overall growth, 2018 has been a very laser-like focus on specific content areas, themes and schools,” he said. In 2019, the company is refining further to specifically serve nurses and physicians assistants.

The company has 50 million views to date and an audience of 850,000 users on its YouTube channel, Gaglani said. It offers a “Prime” subscription that opens up access to all of the content, and is used in more than two dozen health professional schools, according to the company. It’s also added a handful of new print titles.

“Osmosis’ approach to supplemental education is truly dramatic and has already had significant impact with medical students and institutions around the world — and, they’re just penetrating the surface,” Patricof, an early investor in companies like Apple, AOL, Huffington Post and theSkimm, said in a statement.

Advertisement

Gaglani is based in Baltimore and works at Brewers Hill Hub in Canton with three others, and has a larger remote team of full-time employees and contractors. Gaglani said the company has benefitted from support in Baltimore. It has local investors including TEDCO and A-Level Capital, and counts MedIQ cofounders Gerry Hartung and Scott Weber, Ken Karpay of Oaklins DeSilva & Philips, Mark Joseph and Baltimore Angels Operations Director Scott Garber as investors.

-30-
CONTRIBUTE TO THE
JOURNALISM FUND

Already a contributor? Sign in here
Connect with companies from the Technical.ly community
New call-to-action

Advertisement

After an uncharacteristically down fourth quarter, Maryland venture funding totals dipped in 2019

David Hall of Revolution looks beyond New York and Silicon Valley

How this entrepreneurial-minded lawyer is helping set founders up for long-term growth

SPONSORED

Baltimore

How this entrepreneurial-minded lawyer is helping set founders up for long-term growth

Baltimore, MD

SmartLogic

Developer

Apply Now

Philadelphia

Urban Outfitters

Urban Outfitters: Jr. Motion Graphic Designer

Apply Now

Philadelphia

URBN

URBN: User Experience (UX) Designer

Apply Now

Public safety cybersecurity firm SecuLore Solutions wins $750K in federal funding

Between Two Founders: Talking money education with Ortus Academy

Microsoft is throwing support behind these Hopkins AI and data science startups

SPONSORED

Baltimore

Technology is ever evolving — shouldn’t business education be, too?

Baltimore

14 West

F5 Engineer

Apply Now

Hunt Valley, MD

LawIQ

SOFTWARE ENGINEER – FULL TIME OPPORTUNITY

Apply Now

Annapolis Junction, MD

Asymmetrik

SOFTWARE ENGINEER

Apply Now

Sign-up for daily news updates from Technical.ly Baltimore

Do NOT follow this link or you will be banned from the site!