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§ Private Profile · 414 N Orleans St Ste 306, Chicago, Illinois, 60654, United States
SaaS platform provides digital tools for operating room efficiency for healthcare providers and suppliers, focused on surgical workflows.
Based in Chicago, Illinois, ExplORer Surgical develops a digital software platform that provides procedure playbooks, telementoring, and performance tracking tools to standardize best practices and improve operating room efficiency. The company currently operates as a wholly owned subsidiary of Global Healthcare Exchange following its strategic acquisition in October 2021. Prior to this acquisition, the enterprise raised a $1 million seed round in 2016 and an oversubscribed $3 million Series A round led by Aphelion Capital. Additional financial backing came from institutional investors including Elliott Management, M25 Group, and the University of Chicago, which contributed $500,000 to the Series A financing. The core software technology originally stems from surgical workflow research conducted at the University of Chicago Medical Center. ExplORer Surgical was founded in 2015 by Jennifer Fried, Dr. Alex Langerman, Marko Rojinica, and Raza Jafri.
ExplORer Surgical has raised $11.5M across 4 funding rounds.
ExplORer Surgical has raised $11.5M in total across 4 funding rounds.
ExplORer Surgical has raised $11.5M in total across 4 funding rounds.
ExplORer Surgical's investors include Ned Scheetz, Joy Lindsay, Aphelion Capital, Okapi Venture Capital, Elliott Management, Harvard Business School Angels of Chicago, M25, Joanna Rupp, CFA, Kauffman Fellow, CJM Ventures, SymphonyAlpha Ventures, University of Chicago, Wasson Enterprise.
ExplORer Surgical has raised $11.5M across 4 funding rounds. Most recently, it raised $2.5M Other Equity in April 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Apr 9, 2021 | $2.5M Venture Round | NED Scheetz | JOY Lindsay | Announced |
| Apr 18, 2019 | $5M Venture Round | Aphelion Capital | — | Announced |
| Aug 1, 2017 | $3M Series A | Aphelion Capital | Okapi Venture Capital, Elliott Management, Harvard Business School Angels OF Chicago, M25, Joanna Rupp, Cfa, Kauffman Fellow | Announced |
| Sep 13, 2016 | $1M Seed | — | CJM Ventures, M25, Symphonyalpha Ventures, University OF Chicago, Wasson Enterprise | Announced |
ExplORer Surgical is a Chicago‑based healthcare technology company that builds a cloud‑based “digital playbook” and real‑time collaboration platform for operating rooms, aimed primarily at medical device manufacturers and surgical teams to standardize procedures, accelerate device adoption, and enable remote case support and performance tracking[2][5].[3]
High‑Level Overview
For a portfolio company profile (concise): ExplORer builds a cloud platform that acts as an on‑demand procedure playbook with checklists, analytics, real‑time video collaboration and remote case support for operating rooms, primarily serving medical device companies and surgical teams to reduce OR inefficiency, reinforce device techniques, and speed product adoption[2][3][9].[1] The company has shown growth through venture rounds and strategic customers, and was acquired by GHX to scale its commercial reach and integrate with procurement and supplier networks[3][5][8].
Origin Story
Core Differentiators
Role in the Broader Tech Landscape
Quick Take & Future Outlook
Quick take: ExplORer Surgical turned a clinician‑driven solution for OR inefficiency into a medtech enablement platform that proved especially timely during COVID‑era restrictions and has scaled via acquisition by GHX to influence how device companies train, support, and measure procedure adoption across hospitals[1][3][5].