A Chicago startup with ties to the University of Chicago that provides international medical students and graduates with clinical training at U.S. healthcare systems just raised a new round of funding.
AMOpportunities announced Monday that it has raised $2.2 million from investors, such as OCA Ventures, HealthX Ventures, Wildcat and M25 Group. The University of Chicago also invested.
The new funding brings AMOpportunities’ total funding to nearly $3.3 million.
The startup says it will use the new financing to scale its clinical visitor platform, which will be designed for use by U.S. hospitals and foreign medical schools.
Founded in 2013 by Kyle Swinsky and Benjamin Bradley, AMOpportunities makes a platform that allows medical students to find month-long clinical rotations at U.S. healthcare systems that match with their specialty and experience level. AMOpportunities makes money from fees it charges students for available rotations.
Participating in rotation programs in the U.S. is required before foreign-educated doctors can practice in the U.S.
“To thrive, the American healthcare system needs doctors from all over the world,” Swinsky said in a statement. “Without these international trainees, the U.S. will experience a devastating physician shortage. We need these international physicians to ensure our healthcare system survives. Diversity and immigration will only make our country stronger.”
AMOpportunities, which won the 2017 University of Chicago New Venture Challenge, has hosted more than 2,500 visitors across over 200 clinical sites in the U.S. since launching. The startup now has affiliations and partnerships with health systems, such as the University of Illinois Chicago, University of Miami and Saint Anthony Hospital.