Leipzig-based Lecturio, a next-generation learning platform for medicine, announced that it has raised $45M (approx €39.89M) in a fresh round of growth funding. The round was led by Sterling Partners, an investor in education technology companies, in partnership with Inspara Partners.
The round also saw strategic participation from University of Applied Management and existing investors such as Holtzbrinck Ventures, Holtzbrinck Digital, Technological Founder’s Fund Saxony, and Seventure.
The growth capital will be used to expand Lecturio’s global footprint, further strengthen its product offering in medical and nursing education, and to support a consolidation strategy in the fragmented healthcare education solutions market.
Stefan Wisbauer and Pascal Bendien, co-CEOs of Lecturio, say,“This investment opens up a new chapter in Lecturio’s history, enabling us to widen our footprint and expand our offering. Our relationship with Sterling and Inspara has grown over the last several years, and we are excited to have them support us and share their unique set of capabilities and relationships in global education delivery.”
Digital medical education resource
Built-in collaboration with instructors from Harvard, Yale, Johns Hopkins, Brown University, and more, Lecturio claims to have built a highly advanced and comprehensive video-based healthcare education platform.
Founded in 2008, Lecturio is on a mission to provide students and faculty with the “best” learning and online course tools available, driven by the latest learning science methods and research.
The company’s content has a base of over 10,000 videos with linked quiz questions, concept pages and a clinical case question bank, combined with a teaching and analytics engine to enable effective and scalable education and capacity building in any setting.
Lecturio claims students gain access to premier medical education materials and artificial intelligence learning support. As for educators and institutions, they are able to control and add content to their own systems, enabling more efficient self-directed and blended learning and assessment with advanced analytics.
With nearly one million active users spread across 175 countries, Lecturio offers a wide range of education and training courses including such disciplines as medicine and nursing, business administration, law, tax, compliance, marketing, software, personal development, health, and languages.
Lecturio is headquartered in Leipzig, Germany, with subsidiaries in the US and Bulgaria. The company employs a global staff of 100.
Brief about the lead investors
Sterling Partners have nearly four decades of global experience in both education investing and developing global education businesses at scale, including in the medical, nursing, and health sciences. Among many other education investments, Sterling portfolio company Laureate Education, founded and led by Sterling co-founder Douglas Becker, became the largest global network of higher education institutions, with over 1 million students, including more than 250,000 health science students.
On the investment in Lecturio, Becker says, “We believe the team has built a powerful product that addresses fundamental needs of students, educators, and care facility operators for next generation education and training delivery.”
Neel Broker, co-founder and Managing Partner at Inspara Partners, adds, “We are excited by the opportunity to partner with Sterling and the existing Lecturio investors to support the global growth of Lecturio. Medical and nursing education is rapidly embracing digital innovation, and Lecturio is already a partner to over 150 healthcare institutions around the world.”