MedaPhor is a Cardiff e-learning firm led by CEO Stuart Gall that produces training products for postgraduate medical professionals. Its flagship ScanTrainer is a virtual “real feel” ultrasound-training simulator that provides a 24/7, educationally driven programme replicating real ultrasound scanning. The company raised £1.06m in equity funding to support growth. Backers include Fusion IP, Finance Wales and IP Group; Finance Wales converted existing loan notes as part of the deal. MedaPhor plans to use the capital to expand US and European sales and to accelerate development of the ScanTrainer range into general medical training. The company focuses on advanced tutorials and simulation tools to improve ultrasound examination technique. MedaPhor is an e-learning company that produces training products for postgraduate medical professionals and is developing the ScanTrainerTM, a virtual-reality ultrasound training device. The ScanTrainerTM combines high-quality ultrasound images with computer-based feedback and training to address limited equipment, trainers and volunteers. The product can be applied across multiple therapeutic areas and will initially target the Obstetrics and Gynaecology market. The funds raised will enable completion of the ScanTrainerTM prototype and move it into commercialisation. A product launch is planned for the first half of 2010. Following the round, investor Fusion IP owns 36.7% of the company, and management expects a further fundraising round will be needed to finance the launch.

Total raised

$2M

Funding rounds

2

Latest round

Equity

Latest activity

Aug 2012