Clinician Nexus, a startup that connects students with clinical rotations at hospitals, announced Wednesday that it had raised a $1.5 million round of seed funding.
The round was led by Chicago-based Hyde Park Venture Partners. Minneapolis-based firms Sofia Fund and Great North Labs also participated.
Earlier this year, Clinician Nexus was one of 11 startups to participate in the three-month Cedars-Sinai Accelerator in California, a program for innovative digital health companies. As part of the accelerator, the startup received $100,000 in funding, access to Cedars-Sinai and exposure to its network of healthcare experts.
Cedars-Sinai, a non-profit hospital with locations throughout Southern California, also invested in Clinician Nexus' seed round.
"We are thrilled with the interest Clinician Nexus is generating among investors and could not be more delighted with our investor partners," CEO Katrina Anderson said in a statement. "We look forward to working with them to further build upon the success that Clinician Nexus has achieved."
Clinician Nexus’ service allows hospitals to post their clinical-rotation schedules so that medical students (such as nurses and physician assistants) can more easily apply for and schedule training.
The company, one of Minne Inno's 20 Startups to Watch in 2020, has grown quickly but quietly since its launch in 2016. Earlier this year, it announced a partnership with PreCheck, a Houston, Texas-based company that provides background screening and ongoing monitoring for around 50% of the hospitals in the U.S. Through the partnership, the ClinicianNexus and PreCheck platforms are integrated for healthcare organizations, allowing them to centralize background checks within the student rotation onboarding process.
The company says that its platform has been adopted by a total of 100 hospitals and 150 schools across the U.S., and has orchestrated more than 10,000 student rotations.
Prior to its seed round, Clinician Nexus had raised $750,000 from family, friends, the Cedars-Sinai program, a few angels and the University of St. Thomas. The company has now raised $2.3 million to date.
