2023-05-10 03:30:00
After raising 1.35 million euros at the start of 2020, Simango has just carried out a second financial operation for an amount of 3.5 million euros. This financing is carried out with Epopée gestion and Breizh Up, its historical investors. A third player is joining the table: Vivalto SAS. The Caille family’s investment holding company notably controls the Vivalto Santé group, a player in private hospitalization in Europe, and has been working with Simango for several years.
Because since 2018, Simango has specialized in the design of digital and immersive e-learning modules in the field of health. The start-up reports a catalog of around forty training courses: short serious-game type modules of around thirty minutes, accessible on computer, mobile or VR headset. Simango says it now has 250 healthcare establishments and around 60 nursing training institutes that subscribe to its content platform. More than 100,000 people have already been trained through its content.
New target markets
This fundraising should allow it to access new markets such as medico-social, psychiatry, nursing homes and liberal doctors. The training catalog will thus be extended to other topics such as healthcare safety and patient care. Until now, the Rennes company has focused its development in France. It is starting to expand in Belgium, and has just signed a contract in Morocco. Prospects are also discussed in Suisse and in Canada where the reference framework for paramedical skills and the organization of the health system is similar.
Having been heckled in its commercial deployment by the health crisis, Simango had closed its 2020 financial year at €300,000 in turnover. As in 2021, its recurring turnover is around one million euros in 2022. €7 million is targeted in 2025 with profit margins from the end of 2024. Between Rennes and Paris, the company employs 30 people. By the end of 2024, 25 recruitments are planned to expand the teams.
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