DURHAM, N.C., Jan. 7 /PRNewswire/ -- TheraSim, Inc., the leading simulation-training company dedicated to providing online tools and solutions to reduce performance errors in healthcare and clinical research, secured a $1.25 million round of investment from UK-based Andromeda Capital. “We are excited to have Andromeda as a partner moving forward. This investment will help to fuel the market expansion of TheraSim’s clinical simulation products. Our unique approach to training and assessing the performance of clinicians and researchers is gaining traction,” said TheraSim CEO, David Hadden.
Gordon Cervenka, TheraSim’s CFO, commented, “This investment combined with our current revenue stream positions us for continued growth in what is an exciting and emerging market opportunity.”
“Andromeda is excited about TheraSim,” said Woodcock. “Not only has this business shown solid performance over the last 18 months, which is no mean task, but it has an array of product and geographical opportunities that can meet a burning need for efficiency at this point in our economic cycle. We believe TheraSim’s simulation technologies will form part of the standard resource set for medical practitioners, administrators and educators across the globe.”
About Andromeda Capital
Andromeda Capital is a UK-based venture capital fund that invests in established software technology companies with defined expansion opportunities, especially where those companies offer products that bring improved efficiency or quality of service for their customers.
TheraSim, Inc.
