Simango

Simango is a digital training company specializing in simulation training for healthcare professionals, providing tailored educational programs aimed at improving patient care competencies. Founded in 2017 in Rennes, France, Simango focuses on enhancing healthcare professionals' skills through digital simulation training. The firm has raised EUR 3. 5 mn in venture funding as of May 2023, with contributions from Vivalto Santé SAS, UI Investissement, and Épopée Gestion.

Their operational strategy remains consistent, targeting healthcare institutions primarily in French-speaking markets and Europe. Simango specializes in digital simulation training for healthcare professionals, offering a comprehensive catalog of educational programs designed to enhance the skills of healthcare teams. The company provides a suite of gamified digital training modules that focus on various aspects of patient care, including infection control, patient rights, and medication safety. These solutions are co-developed with experts in healthcare quality and risk management, ensuring they meet the specific challenges faced by healthcare institutions.

Simango's offerings target professionals in a wide range of healthcare settings, including hospitals and EHPADs (establishments for dependent elderly persons), primarily in the French-speaking markets and across Europe, delivered through an intuitive administrative platform that streamlines course management and learner tracking. Simango operates on a business-to-business model, generating revenue through subscription-based access to their training platform. Healthcare institutions and training organizations typically enter into contracts providing access to a variety of training modules for their staff, generating revenue as institutions pay for the number of learners accessing the training. The average cost is approximately EUR 40 per learner, allowing for unlimited access to training materials.

The high renewal rate of contracts among clients is reported at 95%, indicating strong customer satisfaction with the platform's effectiveness and training quality. In May 2023, Simango raised EUR 3. 5 mn in venture funding to develop its digital health training and expand its business both in France and internationally. The funding will support the introduction of new educational products and the company's goal to penetrate new markets within Europe by the end of 2024.