(Photo by Stephen Babcock)
Canton-based health education startup Osmosis raised $4 million in a Series A round, said CEO Shiv Gaglani.
The round was led by Felicis Ventures, a Menlo Park, California-based venture firm that has invested in companies such as Fitbit, Shopify and PluralSight. The round also included follow-on investments from Greycroft, Coverys, FundRx, Figure 8, Social Starts and LearnStart, as well as new investment from SEI Ventures. The company previously raised $2.5 million in a round that closed late last year.
The company was founded by Gaglani and Ryan Haynes while they were medical students at Johns Hopkins. It provides accessible medical education content through illustrated videos. Through its personalized learning platform, the company also provides additional digital resources like flash cards and other study tools designed for medical school students and health professionals.
“By reimagining medical education, Osmosis is addressing a critical impending global crisis: the need to develop and retrain tens of millions of healthcare professionals over the next decade to meet growing demand,” said Aydin Senkut, founder and managing partner at Felicis Ventures, in a statement. “With Khan Academy DNA and a deep-rooted empathy for this field, we believe this team is building the next iconic company at the intersection of health and education.”
The funding will help expand its content library of more than 1,300 videos, Gaglani said.
The new updates will have a focus on clinicians and caregivers, with additions such as procedural videos or content that is specific to nursing or physician’s assistants. As it’s grown the number of videos it offered recently, Osmosis’ YouTube channel reached one million subscribers last month, and its platform reached 500,000 registered users. Its goal: to educate one billion clinicians and healthcare providers by 2025.
The company is also looking to expand its sales and marketing with an aim of landing work with institutions.
Based out of Brewers Hill Hub in Canton and working with a team of remote employees, Osmosis is looking to bring on software development talent within Baltimore.
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