'Medical Metaverse' Company Newbase Raises 4 Billion KRW in Series A Funding

[Asia Economy Reporter Kim Young-won] Newbase announced on the 2nd that it has successfully raised 4 billion KRW in Series A funding.

The investment round included participation from BNH Investment, Devsisters Ventures, Timefolio Asset Management, and Digital Healthcare Partners (DHP).

Newbase is a medical metaverse simulation platform company. It developed 'Nursebase,' a metaverse virtual reality (VR) hospital for nursing student practice, and 'Medibase,' which allows students in the health and medical fields to repeatedly practice and apply medical skills. These platforms have been adopted for new medical staff training at several nursing colleges and hospitals, including Seoul Women's Nursing University and Suncheon National University.

Additionally, 'Survivalbase,' which enables users to experience basic survival swimming techniques, lifesaving methods, and disaster accident responses via VR on mobile devices, is also being applied in educational settings.

Newbase explained that metaverse content can improve the educational field's difficulty in securing hospitals for health and medical students' practice, while also addressing issues such as patient safety, personal information concerns, and the one-time consumption of medical resources.

Lee Seung-woo, Executive Director at Devsisters Ventures, who participated in this Series A investment, said, "Newbase has the advantage of continuously providing stable and high-quality services as core personnel with expertise in fields such as medical care and education are actively gathering." He added, "We expect that the expansion of the medical content ecosystem and qualitative growth of the metaverse business will enable an initial public offering (IPO) faster than anticipated."

Park Sun-young, CEO of Newbase, stated, "Through this investment, we will rapidly advance our services and accelerate the expansion of metaverse content not only for nurses but also for doctors." She added, "We plan to focus on diversifying services by considering not only the current medical education market but also the upcoming new types of medical education platform markets."

This content was produced with the assistance of AI translation services.