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ExplORer Surgical

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Offers the only comprehensive case support platform that uses video, digital procedural playbooks and real-time intraoperative data collection

Chicago, United StatesFounded 2015Health Tech & Medtech
Valuation $25–50M Last recorded · 2021
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About ExplORer Surgical

ExplORer Surgical provides a digital platform designed to optimize workflow and collaboration within the operating room for medical device companies and surgical teams. The company was founded in 2015 by Jennifer Fried, who was an MBA student at the University of Chicago Booth School of Business, and Dr. Alexander Langerman, a head and neck surgeon and researcher at the University of Chicago Medical Center. The concept originated from Dr. Langerman's research into operating room efficiency, which identified significant variability and inefficiencies that could impact patient outcomes. Fried, with a background in healthcare venture capital and consulting, partnered with Dr. Langerman to translate these clinical insights into a scalable technology solution.

The company's core offering is a cloud-based software platform that functions as an interactive surgical playbook. It provides customized, step-by-step digital workflows for each member of the surgical team, aiming to standardize best practices and reduce procedural variability. The platform's main features include real-time video collaboration, telementoring capabilities, and performance tracking tools. This allows medical device representatives and senior clinical experts to remotely guide and support surgical teams during live procedures, which became particularly critical when physical access to operating rooms was restricted. The system also facilitates the intraoperative capture of data, replacing traditional paper-based methods and providing analytics to improve efficiency and outcomes.

ExplORer Surgical's business model is centered on serving medical device companies, helping them to accelerate product adoption, support clinical trials, and provide consistent training and case support for their products. The platform is utilized across a wide range of surgical specialties, including orthopedics, spine, cardiovascular, and robotics, in various settings like hospitals and ambulatory surgery centers. After raising over $12.8 million in funding through several rounds, with investors including Aphelion Capital and The University of Chicago, ExplORer Surgical was acquired by Global Healthcare Exchange (GHX) in October 2021. It now operates as a wholly-owned subsidiary of GHX, integrating its procedural guidance and data capture technology with GHX's extensive healthcare supply chain network to further support value-based care.

Source: Dealroom company data

At a glance

Founded
2015
Headquarters
Chicago, United States
Sector
Health Tech & Medtech

Investors

9 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed5 investors entered at this stage

  • US National Science Foundation
  • M25
  • Wasson Enterprise
  • SymphonyAlpha Ventures
  • George Shultz Innovation Fund

Series A3 investors entered at this stage

  • Aphelion Capital
  • Pritzker Group Venture Capital
  • Harvard Business School Angels Chicago

Series B and later1 investor entered at this stage

  • Sofia Fund
Team profiled 6 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators Hidden — book a demo quality score
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
1 countries with
team presence
🇺🇸 United States100%
1 country shown

Market sentiment

Posts on X, past 7 days

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