Lecturio, a leading management and online course solution that provides education material in the field of medical sciences, clinical sciences, pre-med, and nursing, has raised $45 million in growth funding led by Sterling Partners in partnership with Inspara Partners.
The University of Applied Management (UAM) and other existing Lecturio shareholders Holtzbrinck Ventures, Holtzbrinck Digital, Technological Founder's Fund Saxony, and Seventure also participated in the round.
The investment will be used to expand Lecturio's global footprint, further strengthen its product offering in medical and nursing education, and support a consolidation strategy in the fragmented healthcare education solutions market.
Founded in 2008 by Christian Werner, Lecturio has built a highly advanced and comprehensive video-based healthcare education platform, which has been adopted by many leading medical and nursing schools around the world, and features educators from Harvard, Yale, Johns Hopkins, UCL, Imperial, and more. The uniquely comprehensive content base of over 10,000 videos with linked quiz questions, concept pages, and a clinical case question bank combines with a powerful teaching and analytics engine to enable more effective and scalable education and capacity building in any setting.
With Lecturio, students gain access to premier medical education materials and artificial intelligence learning support. Educators and institutions are able to control and add content to their own systems, enabling more efficient self-directed and blended learning and assessment with advanced analytics.
Stefan Wisbauer and Pascal Bendien, Co-CEOs of Lecturio, said in a statement,
"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."
Lecturio's mission is to provide students and faculty with the best learning tools, proven effective by learning science. The company created high-quality digital medical education resources, which are affordable, adaptive, and personalized. Lecturio designed the platform with the needs of learners and faculty in mind, combined with the latest state-of-the-art learning technology and comprehensive monitoring and assessment features.
Co-Founder and Managing Director of Sterling Partners, Douglas Becker, said,
"We are very pleased to be able to help build on Lecturio's successful journey to date. 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."
Sterling brings 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's 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.
Founder and Managing Partner, Inspara Partners, Neel Broker, added,
"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."
Headquartered in Leipzig, Germany, Lecturio provides learning solutions in law, medicine, tax, and business to both individual learners and businesses. The company started its globalization focused on health science education in 2016 and today serves learners and institutions in over 175 countries.
In 2015, Lecturio had raised an undisclosed amount in a Series B funding round led by Holtzbrinck Digital, the Internet holding company of the Holtzbrinck Publishing Group, with participation from existing investors Seventure Partners, Holtzbrinck Ventures, among others.