Karnataka’s VC fund makes a second investment in Fibroheal
- ByStartupStory | November 30, 2022
A follow-on investment from the Karnataka Government’s venture fund Kitven has been made available to Fibroheal Woundcare, a Bengaluru-based biotechnology business that has successfully commercialized silk protein-based wound management products for acute, chronic, traumatic, and post-operative wounds.
According to the venture fund’s CEO, AR Jayakumar, Kitven has invested Rs 2.25 crore in the follow-on round after making a comparable investment in the first round as well.
According to him, the business would use the money to expand its manufacturing capacity and improve its delivery capabilities to meet the market’s rising demand. A variety of products are available from the company, including adhesive dressings, powder, particle, foam, gel, spray, dressings for port closures, etc. Entrepreneurs Vivek Mishra, Bharat Tandon, and S. Surbramanian founded the firm four years ago with a focus on research-driven complete wound treatment products. The business was a winner in Karnataka’s premier idea2POC initiative, Elevate-100, which was directed by the IT/BT department.
leading biotech and healthcare start-up FIBROHEAL WOUNDCARE PVT. LTD. focuses on active and advanced wound care management and works entirely on “silk proteins” as “biomaterials for wound healing.” They are one of the few businesses focusing on “Silk Protein’s” non-textile applications as a flexible biomaterial for biomedical usage. They are leaders in using silk proteins as biomaterials to provide the most cutting-edge, effective wound care products to treat both acute and chronic wounds, as well as non-healing, slow-healing, and difficult-to-heal wounds, using their own, IP-protected technology. They combine their technical knowledge of biomaterials with current understandings of pharma and biomedical engineering to design and develop cutting-edge, reasonably priced approaches to wound treatment.
A true research and technology-driven firm, FIBROHEAL WOUNDCARE PVT. LTD. has a dedicated in-house R&D department, cutting-edge technological wound care products, and solutions, and a desire to expand globally with international standards. Their goal is to become one of the Indian businesses that provide comprehensive solutions for the entire wound care continuum. All of their products are produced in-house in a cutting-edge ISO 13485 and GMP-certified facility.
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