ArcheMedX Growth Trajectory Accelerates, Attracting More Capital and Expanding Leadership Team

$2.5 million equity financing to support product development and scale up marketing for award-winning healthcare digital training and analytics platform

Press Release updated: Oct 26, 2017 06:00 EDT

ArcheMedX, a healthcare informatics and e-learning technology company, has experienced explosive growth and attracted $2.5 million in equity financing to accelerate the company’s transformation of online health professional education and training.

In the past year, ArcheMedX has doubled their customer base of academic medical centers, pharmaceutical industry leaders, professional societies, and medical education companies that utilize their award-winning digital training platform. The company’s suite of digital learning and analytics products now powers more than 400 interactive and data-driven online training activities, collecting valuable insights from tens of thousands of clinicians, and improving the knowledge and competence of healthcare professionals at more than four times the level of traditional online education.

To support this increasing momentum, ArcheMedX recently closed $2.5 million in equity financing led by prominent early-stage investors Jaffray Woodriff and Greyson Williams. This additional capital will be utilized to meet expanding product demand while positioning the company for long-term growth. Funds will be used to expand engineering to deliver an extended product roadmap and to build a sales and marketing organization that will accelerate progress.

“ArcheMedX is transforming the way healthcare organizations design, deliver, and analyze their online education programs,” says Joel Selzer, co-founder and CEO of ArcheMedX. With these additional resources, we will expand our impact across the greater healthcare industry, ultimately helping millions of patients receive better care at lower costs.”

Leadership Team Expands

Since closing the financing, ArcheMedX has added three industry veterans to the leadership team and is currently recruiting for a variety of engineering, product management, and marketing positions located at the Company’s headquarters in Charlottesville, Virginia.

“We have been fortunate to attract some incredible leaders with the expertise, passion and vision to architect our next generation of interactive educational solutions,” says Brian S. McGowan, Ph.D., Co-Founder and Chief Learning Officer. 

Gregg Carrier, formerly Vice President of Engineering and Chief Operating Officer at Willow Tree, has joined ArcheMedX as Chief Technology Officer. He brings to the company 20 years of software engineering and technology leadership experience, including previous tenures with Sony Computer Entertainment, Wordnik, DreamWorks Animation and Branagh Information Group.

Lucian Taylor, who has led product development at Microsoft, Autodesk, Rosetta Stone, and PDR Network, joins ArcheMedX as Vice President of Product Management. Kenny Cox, a very well-respected industry leader and former Vice President of myCME, has been recruited to serve as Vice President of Continuing Medical Education to expand the company’s core medical education market. 

About ArcheMedX

ArcheMedX is a healthcare informatics and e-learning technology company that is transforming online education and training through a data-driven approach to learning. By leveraging nearly five decades of cognitive science and years of applied research, the ArcheMedX team developed the ArcheViewer, an award-winning e-learning and analytics platform that enables educators to simplify the design, delivery and analysis of more interactive and effective online learning experiences.

ArcheMedX currently partners with dozens of healthcare organizations (academic medical centers, pharmaceutical industry leaders, professional societies, and medical education companies) to power and analyze hundreds of digital training experiences available across dozens of clinical and non-clinical areas. Learners who participate in ArcheViewer-powered education have been found to improve their knowledge and competence at a level four-to-six times greater than traditional online education. To learn more, visit www.archemedx.com.

Source: ArcheMedX, Inc.

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About the Author: Carrie Brunner

Carrie Brunner grew up in a small town in northern New Brunswick. She studied chemistry in college, graduated, and married her husband one month later. They were then blessed with two baby boys within the first four years of marriage. Having babies gave their family a desire to return to the old paths – to nourish their family with traditional, homegrown foods; rid their home of toxic chemicals and petroleum products; and give their boys a chance to know a simple, sustainable way of life. They are currently building a homestead from scratch on two little acres in central Texas. There’s a lot to be done to become somewhat self-sufficient, but they are debt-free and get to spend their days living this simple, good life together with their five young children. Carrie writes mostly on provincial stories.
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