Boon VR

Early Stage

Medical Training in Virtual Reality! Major Paid Pilots. Serial Entrepreneur.

Analytics

Raised to Date: Raised: $265,271

Aggregate Commitments $

Platform

Republic

Start Date

02/19/2018

Close Date

06/11/2018

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Valuation Cap

$7,000,000

Discount Rate

0%

Rolling Commitments $

Status
Funded
Reporting Date

06/30/2018

Days Remaining
Funded
% of Min. Goal

1,061%

% of Max. Goal

25%

Likelihood of Max
Funded
Avg. Daily Raise

$2,368

Momentum
Funded
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Location

San Francisco, California

Industry

Business Services, Software, & Applications

Tech Sector

Who Should Be Interested:
Are you a new doctor or medical student who wants more realistic practice opportunities for surgeries? Or, are you a seasoned MD who wants to practice new and innovative technologies in a safe way, or ensure that your new doctors feel comfortable with the procedures they’re doing? Well then, it sounds like Boon VR could be the investment you’ve been waiting for. Their VR technology helps train doctors in medical procedures, making sure doctors feel comfortable -- and patients stay safe.

The Company:
Boon VR’s virtual reality (VR) technology will revolutionize the medical training industry and disrupt a potential $1.4B market. Their cutting-edge VR provides life-like, on-demand training for medical procedures, helping close the training gap for doctors. Not only does Boon VR provide training situations for practice, but their unique cloud platform allows doctors to virtually visit and revisit operating rooms where real-life procedures are taking place. As Boon puts it, “If the operating room is a living theater, then Boon VR puts the viewer on center stage.” So far, Boon’s running paid pilots include a Fortune 2000 medical device company, and they are in talks with several Fortune 500 device companies as well. They’ve already secured $375,000 in investments, and their team has the deep medical, surgical, and entrepreneurial experience needed to make Boon truly boom into a success.

The Bottom Line:
Medical errors impact 232 million patients globally and are the third leading cause of death in the US. With Boon VR, those errors could decrease, and life-saving medical device access could increase. More doctors would feel more comfortable doing the procedures, meaning more people could get them faster. Plus, 92% of operating room respondents felt that VR training really helped. Boon VR can help transform and revolutionize the medical training world -- one VR operation at a time.
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Boon VR on Republic
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Platform: Republic
Security Type: SAFE
Valuation: $7,000,000

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