Health Scholars has completed a $17-million round of fundraising with investments from Arboretum Ventures, Venture Investors, Capital Midwest Fund, OSF HealthCare, as well as key family office seed funders.

The new investment round will enable Health Scholars to continue to introduce and expand new virtual technologies in both the Hospital and Public Safety market, allowing for greater accessibility, scalability and immersion at up to 80% less cost than traditional simulation training methods.

Specifically, the company will use funding to expand their VR content library, further develop the virtual learning platform to facilitate enterprise scale deployments and analytics, grow the go-to-market resources and strengthen their IP base.

“It has been challenging and expensive for hospitals to maintain systemwide readiness for high-risk infrequent events that require rapid response. The Health Scholars team brings deep domain knowledge of these educational requirements and the unique capabilities of virtual reality for addressing this problem. They improve access and provide immersive training, resulting in increased retention, lower costs, and better outcomes,”said John Neis, Managing Director, Venture Investors LLC.

“We are always looking for partners who share our vision of transforming health care to improve the lives of those we serve. With Health Scholars we’ve discovered a team as passionate about improving patient safety as we are, have a deep understanding of how patient outcomes are impacted by training, and have developed a viable, smart VR platform to advance clinical training, performance insights, and clinical behaviors,” said Robert C. Sehring, Chief Executive Officer, OSF HealthCare.