- The edtech, which grew 150% in the last 12 months, started focusing on producing preparatory content for residency tests but wants to expand its portfolio. The investment round will be fundamental for that;
- According to the startup, more than 40% of those approved in Brazil’s most popular residency programs, such as USP, Unicamp, Escola Paulista de Medicina, Hospital Albert Einstein, among others, were Medway students.
Medway, a Brazilian education platform for medical students and doctors, has just announced its first external funding: a $15 million Series A round pulled by SoftBank and followed by seven other funds (GFC, EquitasVC, Aggir Ventures, Scale-Up Endeavor, Neuron Ventures, Allievo Capital and GrãoVC Ventures).
Bootstrapping until then, the startup was founded in 2017 by doctors Alexandre Remor, João Vitor Fernando, and Micael Hamra, who found in technology a way to share with other professionals their “formula” to enter the highly competitive residency program of the Hospital das Clínicas of the University of São Paulo (HC-FMUSP).
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The partners graduated from colleges from other cities in the country and faced numerous challenges on the journey to residency in São Paulo. They identified some pains in the health area that impact both the quality of training and health service to the population.
The edtech, which grew 150% in the last 12 months, started focusing on producing preparatory content for residency tests but wants to expand its portfolio. The investment round will be fundamental for that.
“We are focused on making Medway the trusted brand in the professional journey of thousands of doctors and, consequently, impacting society by improving the quality of healthcare. To this end, we will further accelerate our growth with the support of highly relevant investors,” said Remor, co-founder and CEO of Medway, in a press statement.
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The idea is to launch at least ten new courses and training options in 2022, in addition to investing in hiring more professionals, marketing, in addition to the continuous technological development of the platform.
According to the startup, more than 40% of those approved in Brazil‘s most popular residency programs, such as USP, Unicamp, Escola Paulista de Medicina, Hospital Albert Einstein, among others, were Medway students. The company expects to double its student base by the end of 2022, currently with over 10,000 users.
