Boomerang Ventures
Boomerang Ventures talks investing in pediatric health education startup Xploro
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Source: Vator News Boomerang Ventures discusses its investment in Xploro, a pediatric health education startup. The funding aims to enhance Xploro's platform, which uses AI to provide health information to children in an engaging manner.

Xploro uses AR, gaming, and AI to offer health information, to engage and inform young patients

Pediatrics is a space that doesn’t see much venture funding: in the first three quarters of 2023, digital health startups addressing pediatric health raised $413.6 million across 20 deals, or just 4.7% of overall sector funding. And that’s an increase from previous years: from 2011 to 2019 the space saw an average of 1.7% of annual digital health funding.

Even then, many of the companies that raised funding don’t have a focus on pediatrics, but have it as part of their overall strategy, such as such as K Health, Headspace, Lyra Health, and Maven.

One company that has made young patients its focus is Xploro, which announced a $1.7 million seed round this week, led by Boomerang Ventures.

Established in the UK in 2019, and relocated to Cleveland, Ohio in 2022, Xploro came about after the daughter of Dominic Raban, the company’s co-founder and CEO, was diagnosed at age 13 with Ewing’s Sarcoma. 

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Source: Vator News

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